Volvo Penta is still owned by the Volvo Group. Volvo Cars and Volvo Aero (aerospace: jet and rocket engines) are the two big companies that no longer are part o

Volvo Penta is still owned by the Volvo Group. Volvo Cars and Volvo Aero (aerospace: jet and rocket engines) are the two big companies that no longer are part of the Volvo Group.