Volvo 2001 Annual Report Download - page 3

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Our products and services
Buses. In 2001, the intercity and coach platform – TX – was
rolled out to all European markets. The competitive products
were well received by the customers. Volvo Buses was awarded
the “Bus builder of the year 2002” for its complete range of
products.
Volvo Penta. The product introductions during 2001 include the
new marine leisure diesel engine KAD300 and the new D2-55
diesel engine for sailboats. The range of industrial engines was
strengthened with the introduction of a new 12-liter engine and
5- to 7-liter engines for mobile applications. In the marine
commercial segment a further developed 16-liter engine was
launched.
Volvo Aero. During 2001, Volvo Aero entered in Rolls-Royce’s
program for the development of the Trent 500 for Airbus 340-
400/-600 and Trent 900, which will be mounted in Airbus’ forth-
coming A380 super-jumbo. Volvo Aero was also selected a
strategic partner by Pratt & Whitney in the development of the
new RL60 rocket engine. A new contract was signed for the
manufacture of 23 Vulcain motors for the Ariane 5 rocket.
Financial Services. In 2001, Volvo Financial Services started up
as a new business area. It reorganized its operations and intro-
duced new programs aimed at bolstering its customer finance
portfolio. It also rolled out a variety of soft offers to Renault and
Mack dealers and customers. Treasury, real estate and insurance
operations performed in line with expectations. Volvia’s insur-
ance operations were divested at a gain.