2004 Volvo XC70 Pricing, Ratings \u0026 Reviews Kelley Blue Book

$2004 Volvo XC70 Pricing, Ratings \u0026 Reviews Kelley Blue Book$

The Volvo Group (Swedish: Volvokoncernen; legally Aktiebolaget Volvo, shortened to AB Volvo) (stylized as VOLVO) can be a Swedish multinational manufacturing company headquartered in Gothenburg. While its core activity would be the production, distribution and sale of trucks, buses and construction equipment, Volvo also supplies marine and industrial drive systems and financial services. In 2016, it had been the world's second largest manufacturer of heavy-duty trucks.Automobile manufacturer Volvo Cars, also headquartered in Gothenburg, was section of AB Volvo until 1999, when that it was sold for the Ford Motor Company. Since 2010 it is often owned by the Geely Holding Group, a Chinese multinational automotive manufacturing company. Both AB Volvo and Volvo Cars share the Volvo logo and cooperate in running the Volvo Museum in Sweden.The company was listed for the Stockholm Stock Exchange in 1935, and was around the NASDAQ indices from 1985 to 2007.Volvo was established in 1915 to be a subsidiary of SKF, a ball bearing manufacturer; however the two Volvo Group and Volvo Cars regard the rollout on the company's first car series, the Volvo ÖV 4, on 14 April 1927, his or her beginning. The building remains.The manufacturer Volvo was originally registered being a trademark in May 1911 using the intention for use for a new number of SKF ball bearings. It means "I roll" in Latin, conjugated from "volvere". The idea was short-lived, and SKF thought we would simply use its initials because trademark for many its bearing products.In 1924, Assar Gabrielsson, an SKF sales team manager, and also a KTH Royal Institute of Technology educated engineer Gustav Larson, both founders,[clarification needed] chose to start construction of the Swedish car. They designed to build cars which could withstand the rigors from the country's rough roads and cold temperatures.AB Volvo began activities on 10 August 1926. After twelve months of preparations between production of ten prototypes, the firm was willing to commence the car-manufacturing business from the SKF group. The Volvo Group itself considers it entered 1927, in the event the first car, a Volvo ÖV 4, rolled away from the production line for the factory in Hisingen, Gothenburg. Only 280 cars were built that year. The first truck, the "Series 1", debuted in January 1928, as a possible immediate success and attracted attention beyond your country. In 1930, Volvo sold 639 cars, along with the export of trucks to Europe started just after; the cars wouldn't become well-known outside Sweden until after World War II. AB Volvo was introduced in the Stockholm Stock Exchange in 1935 and SKF then chosen to sell its shares inside the company. By 1942, Volvo acquired the Swedish precision engineering company Svenska Flygmotor (later renamed as Volvo Aero).Pentaverken, which in fact had manufactured engines for Volvo, was acquired in 1935, providing a safe and secure supply of engines and entry into your marine engine market.The first bus, named B1, was released in 1934, and aircraft engines were added to your growing range of products for the beginning on the 1940s. In 1963, Volvo opened the Volvo Halifax Assembly plant, the 1st assembly plant inside the company's history away from Sweden in Halifax, Nova Scotia, Canada.In 1950, Volvo acquired the Swedish construction and agricultural equipment manufacturer Bolinder-Munktell. Bolinder-Munktell was renamed as Volvo BM in 1973. In 1979, Volvo BM's agricultural equipment business was sold to Valmet. Later, through restructuring and acquisitions, the remainder of the construction equipment business became Volvo Construction Equipment.