A new assembly factory in China is inaugurated, and at the same time the factory in Vara is enlarged to be able to handle the new model range and new technology. Sales and profitability increase, and Volvo Penta is the best performer in the Volvo Group.

The D12 engine is launched for leisure boats and the range for commercial engines is expanded with larger engines up to 2,000 hp.

Volvo Ocean Race 2001
D5 and D7, new engines for the marine professional 2002
D4 and D6, new marine leisure engines 2003
Göran Gummeson, new president at Volvo Penta 2004
The introduction of Volvo Penta IPS 2005
Magic docking with the joystick 2006
Volvo Penta 100 years 2007
The first gasoline engines with catalytic converter 2008
Volvo Penta in Abu Dhabi's Formula 1 race 2009