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

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

2007: Acquisition of Chinese wheel loader manufacturer Lingong (SDLG).

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

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

2012: Acquisition of the French vehicle manufacturer Panhard.

2012: Divestment of Volvo Aero to the British company GKN.

2012: Increase to just over 25% ownership in engine manufacturer Deutz.

2013: Agreement to acquire 45% of Chinese truck company Dongfeng Commercial Vehicles.