1965 – AB Volvo Penta

1965

In 1965, the company changed its name to AB Volvo Penta. Subsidiaries were set up in England, Germany and Italy, inroads were made in South America, and the Dutch company Dieseltechniek was purchased. In Gothenburg, the growing staff at Penta found that they were running out of space – there were almost 500 of them at the end of the decade – and they moved to the Z-area of Volvo in Gothenburg.