1998: Acquisition of the excavator operations of Samsung Heavy Industries.

1999: Sale of Volvo Cars to Ford.

2001: Acquisition of the truck manufacturers Mack and Renault VI.

2003: Acquisition of Bilia's European truck and construction equipment dealers.

2004: Sale of axle-manufacturing operations to ArvinMeritor.

2004: Acquisition of remaining 50% of the Canadian bus manufacturer Prévost.

2005: Sale of the service company Celero Support.

2006: Acquisition of Japanese Nissan Diesel (Now UD Trucks). Completed in 2007.

2007: Acquisition of Chinese wheel loader manufacturer Lingong.

2007: Acquisition of Ingersoll Rand's road development division.

2008: Joint venture with Eicher Motors of India within trucks and buses.