Another section of the company is Volvo Penta, which produces drive systems for ships and pleasure-boats, as well as for the industry. Volvo Aero produces aircraft engines and is also involved in the European space project. Volvo also holds 11 percent of the French car manufacturer Renault. This part will also be sold, since the alliance between Volvo and Renault was dissolved in 1994. Production and development of key components as engines and transmissions take place in Sweden, while assembly operations are done in plants in Europe, North America, Southeast Asia, Latin America and Australia.
Primary markets are Europe and North America.
The number of employees is 79 000.