Volvo Group
Subsidiaries
- Merkavim
Additional Details
The Volvo Group is a Swedish multinational manufacturing corporation headquartered in Gothenburg. While its core activity is the production, distribution and sale of trucks, buses and construction equipment, Volvo also supplies marine and industrial drive systems and financial services. Its vehicles and equipment have been used in the demolition of Palestinian homes and in the construction of illegal Israeli settlements and infrastructure in the occupied West Bank. Since October 7, 2023, the Volvo Group has faced scrutiny over the involvement of its equipment in the Gaza genocide. Its heavy machinery is regularly documented in the demolition of Palestinian homes. Merkavim Ltd. is an Israeli bus manufacturer jointly owned by Volvo Bus Corporation and Mayer Cars & Trucks Ltd. Recognized by the RDW as an authorized European manufacturer, the company was selected by Volvo to serve as a major regional bodybuilder. Merkavim was previously included on the United Nations blacklist due to its activities within Israeli settlements in the occupied territories. -- Listed on STO (VOLV B), Volvo Group is backed by leading sovereign wealth funds, most notably NBIM.
Listing type
Company that provides economic or military support to Israel
Type of involvement
Import and export
Product category
Manufacturing & Materials
Action needed
- Boycott the company's products and refuse to cooperate with it.
- Organize collective activities and events at the company's headquarters to disrupt its operations; to pressure it to stop dealing with Israel.
- Boycott the company and its securities listed on the stock exchange.
- Document the company's violations and illegal attacks; to submit them to international and humanitarian organizations.
- Pressure sovereign wealth funds to withdraw their investments from the company.
Sources
- https://aoav.org.uk/2025/an-economy-of-genocide-un-special-rapporteur-names-global-corporations-enabling-israels-assault-on-gaza/
- https://www.bbc.com/news/articles/cx2039xpv87o
- https://investigate.afsc.org/company/volvo
- https://www.newarab.com/news/which-companies-are-fuelling-israels-war-gaza
- https://www.ohchr.org/sites/default/files/documents/hrbodies/hrcouncil/sessions-regular/session59/advance-version/a-hrc-59-23-aev.pdf
- https://www.business-humanrights.org/de/neuste-meldungen/israelopt-volvo-linked-to-demolitions-in-rafah-the-west-bank/
- https://www.merkavim.co.il/en/Default