Subsidy Tracker Parent Company Summary

Parent Company Name: 
Volvo
Ownership Structure: 
publicly traded
Headquartered in: 
Sweden
Major Industry: 
motor vehicles
Specific Industry: 
motor vehicles
Subsidy SummarySubsidy ValueNumber of Awards
State/Local$95,298,59934
Federal (grants and allocated tax credits)$86,500,12932
TOTAL$181,798,72866
Loan / Bailout SummaryTotal Face ValueNumber of Awards
State/Local loans, bond financing and venture capital$00
Federal loans, loan guarantees and bailout assistance (not including repayments)$42,787,56035
TOTAL$42,787,56035
Time Period for State and Local Awards: 

Earliest year of data: 1999. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this parent company are for the period since 2008.

Time Period for Federal Awards: 

FY2000 to the present

Notes: 

Dollar totals do not include awards for which no subsidy value is disclosed.

Associated Names: 

MACK TRUCKS; VOLVO

Links: 

For a summary of this company's regulatory violations see its Violation Tracker summary page here.


Top 5 States for state/local awardsTotal Subsidy $Number of Awards
Virginia$59,200,0003
North Carolina$17,322,3916
Maryland$10,734,33211
Pennsylvania$7,274,87611
Florida$767,0003

Individual Subsidy Records:

Click on the company name for more information on each subsidy award.
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Company Location Subsidy Source Year Subsidy Valuesort icon Loan/Bailout Value Type of Subsidy
Volvo Trucks North America Virginia state 1999 $54,200,000 MEGADEAL
VOLVO TECHNOLOGY OF AMERICA, INC United States federal 2018 $22,735,806 federal grant
VOLVO TECHNOLOGY OF AMERICA, INC United States federal 2018 $11,800,000 federal grant
VOLVO TECHNOLOGY OF AMERICA, INC United States federal 2019 $11,800,000 federal grant
Mack Trucks, Inc. North Carolina state 2008 $11,374,000 grant
VOLVO TECHNOLOGY OF AMERICA, INC United States federal 2018 $7,800,000 federal grant
Mack Trucks, Inc. Maryland state 2016 $5,500,000 tax credit/rebate
VOLVO TECHNOLOGY OF AMERICA, INC United States federal 2016 $5,000,000 federal grant
Volvo Construction Equipment North Carolina state 2006 $4,006,000 grant
VOLVO TECHNOLOGY OF AMERICA, INC United States federal 2012 $3,428,165 federal grant
Volvo Trucks North America Virginia state 2007 $3,000,000 grant
VOLVO TECHNOLOGY OF AMERICA, INC United States federal 2011 $2,875,946 federal grant
MACK TRUCKS INC United States federal 2007 $2,750,000 federal grant
VOLVO TECHNOLOGY OF AMERICA, INC United States federal 2012 $2,500,000 federal grant
VOLVO TECHNOLOGY OF AMERICA, INC United States federal 2014 $2,199,739 federal grant
VOLVO TECHNOLOGY OF AMERICA, INC United States federal 2013 $2,089,543 federal grant
Mack Trucks Inc. Maryland state 2003 $2,000,000 grant/loan hybrid program
Mack Trucks Inc. Maryland state 2009 $2,000,000 grant/loan hybrid program
MACK TRUCKS INC United States federal 2010 $2,000,000 federal grant
Volvo Trucks North America Virginia state 2015 $2,000,000 grant
VOLVO TECHNOLOGY OF AMERICA, INC United States federal 2014 $1,864,000 federal grant
Mack Trucks, Inc. Pennsylvania state 2015 $1,304,254 tax credit/rebate
VOLVO TECHNOLOGY OF AMERICA, INC United States federal 2012 $1,140,933 federal grant
VOLVO TECHNOLOGY OF AMERICA, INC United States federal 2015 $1,125,668 federal grant
Mack Trucks, Inc. Pennsylvania state 2014 $1,000,321 tax credit/rebate
Volvo Road Machinery, Inc. Pennsylvania state $1,000,000 grant
Volvo Road Machinery, Inc. Pennsylvania state $1,000,000 grant
MACK TRUCKS INC United States federal 2009 $1,000,000 federal grant
VOLVO TECHNOLOGY OF AMERICA, INC United States federal 2011 $955,140 federal grant
Volvo Road Machinery, Inc. Pennsylvania state $900,000 tax credit/rebate
Mack Trucks, Inc. Pennsylvania state 2016 $800,418 tax credit/rebate
VOLVO TECHNOLOGY OF AMERICA, INC United States federal 2012 $750,060 federal grant
Mack Trucks, Inc. North Carolina state 2013 $580,350 tax credit/rebate
MACK TRUCKS INC United States federal 2007 $560,000 federal grant
Mack Trucks, Inc. North Carolina state 2015 $509,430 tax credit/rebate
Mack Trucks, Inc. North Carolina state 2011 $477,163 tax credit/rebate
MACK TRUCKS INC United States federal 2007 $450,000 federal grant
Volvo Trucks North America, Inc. North Carolina state 2008 $375,448 tax credit/rebate
Volvo Parts N. Am. Florida local 2005 $351,000 grant
Mack Trucks, Inc. Pennsylvania state 2008 $302,585 tax credit/rebate
Mack Trucks, Inc. Maryland state 2007 $301,994 tax credit/rebate
Mack Trucks, Inc. Pennsylvania state $300,000 training reimbursement
Volvo Parts North America, LLC Florida state 2005 $260,000 grant
MACK TRUCKS INC United States federal 2006 $259,126 federal grant
Volvo Road Machinery, Inc. Pennsylvania state $250,000 training reimbursement
MACK TRUCKS INC United States federal 2008 $250,000 federal grant
MACK TRUCKS INC United States federal 2005 $216,376 federal grant
Volvo Road Machinery, Inc. Pennsylvania state $213,000 tax credit/rebate
Volvo Road Machinery, Inc. Pennsylvania state $204,298 training reimbursement
MACK TRUCKS United States federal 2002 $204,104 federal grant
MACK TRUCKS United States federal 2002 $195,896 federal grant
Mack Trucks, Inc. Maryland state 2012 $184,946 tax credit/rebate
Mack Trucks, Inc. Maryland state 2014 $184,946 tax credit/rebate
Volvo Parts North America, LLC Florida state 2005 $156,000 tax credit/rebate
Mack Trucks, Inc. Maryland state 2011 $144,912 tax credit/rebate
MACK TRUCKS INC United States federal 2005 $135,512 federal grant
VOLVO TRUCKS United States federal 2004 $129,766 federal grant
Mack Trucks, Inc. Maryland state 2017 $107,123 tax credit/rebate
Mack Trucks, Inc. Maryland state 2015 $106,650 tax credit/rebate
Mack Trucks, Inc. Maryland state 2016 $103,761 tax credit/rebate
Mack Trucks, Inc./ Volvo Powertrain Maryland state 2009 $100,000 training reimbursement
MACK TRUCKS INC United States federal 2005 $98,850 federal grant
MACK TRUCKS INC United States federal 2007 $90,000 federal grant
MACK TRUCKS INC United States federal 2007 $50,000 federal grant
MACK TRUCKS INC United States federal 2005 $33,624 federal grant
MACK TRUCKS INC United States federal 2006 $11,875 federal grant
Mack Trucks, Inc. United States federal 2009 $8,581,600 federal loan or loan guarantee
Mack Trucks, Inc. United States federal 2013 $4,457,502 federal loan or loan guarantee
Mack Trucks, Inc. United States federal 2010 $3,419,021 federal loan or loan guarantee
Volvo Road Machinery Inc United States federal 2009 $3,130,141 federal loan or loan guarantee
Volvo Group North America, Inc. United States federal 2007 $2,507,891 federal loan or loan guarantee
Mack Trucks Inc. United States federal 2017 $2,020,349 federal loan or loan guarantee
Mack Trucks Inc. United States federal 2017 $2,018,414 federal loan or loan guarantee
Mack Trucks, Inc. United States federal 2010 $1,730,260 federal loan or loan guarantee
Mack Trucks, Inc. United States federal 2014 $1,560,919 federal loan or loan guarantee
Mack Trucks, Inc. United States federal 2014 $1,095,517 federal loan or loan guarantee
Mack Trucks Inc. United States federal 2019 $1,043,991 federal loan or loan guarantee
Mack Trucks, Inc. United States federal 2011 $959,663 federal loan or loan guarantee
Volvo Construction Equipment North America, Llc United States federal 2012 $900,000 federal loan or loan guarantee
Volvo Construction Equipment North America, Llc United States federal 2012 $900,000 federal loan or loan guarantee
Volvo Group North America, Inc. United States federal 2007 $864,460 federal loan or loan guarantee
Mack Trucks, Inc. United States federal 2011 $789,431 federal loan or loan guarantee
Volvo Trucks North America, Inc. United States federal 2011 $495,495 federal loan or loan guarantee
Volvo Construction Equipment North America, Llc United States federal 2012 $472,500 federal loan or loan guarantee
Volvo Construction Equipment North America, Llc United States federal 2012 $450,000 federal loan or loan guarantee
Volvo Construction Equipment North America, Llc United States federal 2011 $450,000 federal loan or loan guarantee
Volvo Construction Equipment North America, Llc United States federal 2011 $450,000 federal loan or loan guarantee
Volvo Construction Equipment North America, Llc United States federal 2012 $450,000 federal loan or loan guarantee
Volvo Construction Equipment North America, Llc United States federal 2012 $450,000 federal loan or loan guarantee
Volvo Construction Equipment North America, Llc United States federal 2011 $450,000 federal loan or loan guarantee
Volvo Construction Equipment North America, Llc United States federal 2012 $450,000 federal loan or loan guarantee
Volvo Group North America, Inc. United States federal 2007 $449,522 federal loan or loan guarantee
Mack Trucks, Inc. United States federal 2010 $405,000 federal loan or loan guarantee
Mack Trucks Inc. United States federal 2017 $363,842 federal loan or loan guarantee
Volvo Construction Equipment North America, Llc United States federal 2011 $270,000 federal loan or loan guarantee
Volvo Construction Equipment North America, Llc United States federal 2012 $225,000 federal loan or loan guarantee
Volvo Construction Equipment North America, Llc United States federal 2012 $225,000 federal loan or loan guarantee
Volvo Construction Equipment North America, Llc United States federal 2012 $225,000 federal loan or loan guarantee
Volvo Construction Equipment North America, Llc United States federal 2012 $225,000 federal loan or loan guarantee
Mack Trucks Inc. United States federal 2019 $186,538 federal loan or loan guarantee
Volvo Trucks North America, Inc. United States federal 2011 $115,504 federal loan or loan guarantee
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