1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208 
NORWAY BUYS IN
26th May 1978, Page 5
26th May 1978
Page 5
Page 5, 26th May 1978
— NORWAY BUYS IN
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.
If you've noticed an error in this article please click here to report it so we can fix it.
THE NORWEGIAN government is taking a 40 per cent share in AB Volvo from January 1 next year. A new company — the largest Nordic industrial co-operation so far — will be called Volvo (Svenskt-Norskt AB). The Norwegian share will be worth £89 million.
Some divisions of Volvo will be moved from Sweden to Norway, and the company will gain access to car group finance and oil prospecting rights.
The car and lorry business and marine engine maker Volvo Penta will be owned 60-40 by the Swedish and Norwegian interests.
This move follows the collapse of merger negotiations last year with Saab-Scania.
Tags
Organisations:
NORWEGIAN government