The business units are organized globally and combine expertise in key areas. They have the overall responsibility for product planning and purchasing and for developing and delivering components, subsystems, services, and service and support to the Group’s business areas. The structure creates economies of scale in product development, production, parts supply, logistics, administration and support functions.
In addition to the business units in the overview below, there is Volvo Technology that develops new technology and new concepts for products and services in the transportation and automotive industries. Volvo Group Real Estate conducts property management and development. Volvo Technology Transfer invests in companies with projects of technical and commercial interest. Volvo Group NAP (Non-Automotive Purchasing) is a global procurement organization sourcing the goods and services that are not used in the manufacturing of the Group's products.