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 Summary | Subsidy Value | Number of Awards |
|---|---|---|
| State/Local | $307,298,599 | 35 |
| Federal (grants and allocated tax credits) | $74,700,129 | 31 |
| TOTAL | $381,998,728 | 66 |
| Loan / Bailout Summary | Total Face Value | Number of Awards |
| State/Local loans, bond financing and venture capital | $0 | 0 |
| Federal loans, loan guarantees and bailout assistance (not including repayments) | $41,557,031 | 33 |
| TOTAL | $41,557,031 | 33 |
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; VOLVO CAR
Links:
For a summary of this company's regulatory violations see its Violation Tracker summary page here.
| Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
|---|---|---|
| South Carolina | $212,000,000 | 1 |
| Virginia | $59,200,000 | 3 |
| North Carolina | $17,322,391 | 6 |
| Maryland | $10,734,332 | 11 |
| Pennsylvania | $7,274,876 | 11 |
| All other | $767,000 | 3 |
Individual Subsidy Records:
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| Company | Location | Subsidy Source | Year |
Subsidy Value |
Loan/Bailout Value | Type of Subsidy |
|---|---|---|---|---|---|---|
| Volvo | South Carolina | multiple | 2015 | $212,000,000 |
MEGADEAL  |
|
| 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 | |
| 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 | 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 | |
| Volvo Trucks North America, Inc. | United States | federal | 2011 | $115,504 | federal loan or loan guarantee | |
| Volvo Car Corporation | South Carolina | state | 2016 | undisclosed | tax credit/rebate |
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