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Tuesday, November 15, 2011

VOLVO PENTA GROWS

Did you know that Volvo Penta is the fastest growing marine engine company in the world? It got there by being innovative and they have shipped more than 10,000 IPS units worldwide since 2005. Here’s a timeline history of Volvo Penta’s growth:

1907 founded

1922 first outboard engine

1946 first diesel engine

1959 first stern drive

1982 first duo prop

2005 IPS inboard performance system

You’ll notice by these dates that like many companies that get huge, it takes a while to get the ball rolling. Same can be said for boat builders and automotive. On the boat building side, many builders that were seeded for development perished in the economic zero sub prime collapse a few short years ago. They just were not strong enough or big enough to fight it off. The affect of that down turn has far reaching long term affects because some very good companies were at the wrong place in the wrong time and got wiped out. Lets face it, if not for the US and Canadian governments coming to their aid, GM and Chrysler would be gone now too. For a company like Volvo Penta to grow significantly in times of turmoil ... that is exceptional performance that only an innovator can achieve.

Posted by at 7:21 PM
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