1970 - 1979
Export successes continued in the early seventies and export share rose as high as 84% in 1973. Large volumes of industrial engines were sold to makers of irrigation units.
Volvo Penta acquired outboard production from Monark-Crescent, adding new products to the program.
In 1973 the S-drive for sailboats was introduced and the year after Volvo Penta of North America was formed. 1976 - a plant is built in Chesapeake for modifying gasoline V8s to marine applications. 1977 - the 40 Engine is introduced. "The first diesel with petrol engine performance" said the press about this six-cylinder, direct injected marine diesel.