Volvo S60 BWJ 2003 2.4 D5 163pk Automaat Edition NAVI CLIMA LMV YouTube
The Volvo Group (Swedish: Volvokoncernen; legally Aktiebolaget Volvo, shortened to AB Volvo) (stylized as VOLVO) is really 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 turned out the world's second largest manufacturer of heavy-duty trucks.Automobile manufacturer Volvo Cars, also operating out of Gothenburg, was portion of AB Volvo until 1999, when it turned out sold on 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 within the Stockholm Stock Exchange in 1935, and was around the NASDAQ indices from 1985 to 2007.Volvo was established in 1915 being a subsidiary of SKF, a ball bearing manufacturer; however the two Volvo Group and Volvo Cars regard the rollout in the company's first car series, the Volvo ÖV 4, on 14 April 1927, because their beginning. The building remains.The name Volvo was originally registered like a trademark in May 1911 together with the intention to 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 made a decision to simply use its initials because the trademark for all those its bearing products.In 1924, Assar Gabrielsson, an SKF sales team leader, plus a KTH Royal Institute of Technology educated engineer Gustav Larson, the 2 main founders,[clarification needed] chosen to start construction of an Swedish car. They designed to build cars that can withstand the rigors with the country's rough roads and cold temperatures.AB Volvo began activities on 10 August 1926. After 12 months of preparations relating to the production of ten prototypes, the firm was prepared to commence the car-manufacturing business in the SKF group. The Volvo Group itself considers it began in 1927, once the first car, a Volvo ÖV 4, rolled from the production line on the factory in Hisingen, Gothenburg. Only 280 cars were built that year. The first truck, the "Series 1", debuted in January 1928, being an immediate success and attracted attention beyond the country. In 1930, Volvo sold 639 cars, and also the export of trucks to Europe started immediately after; the cars would not become renowned outside Sweden until after World War II. AB Volvo was introduced on the Stockholm Stock Exchange in 1935 and SKF then chose to sell its shares from the company. By 1942, Volvo acquired the Swedish precision engineering company Svenska Flygmotor (later renamed as Volvo Aero).Pentaverken, that have manufactured engines for Volvo, was acquired in 1935, providing a safe and secure supply of engines and entry to the marine engine market.The first bus, named B1, premiered in 1934, and aircraft engines were added towards the growing range of products in the beginning with the 1940s. In 1963, Volvo opened the Volvo Halifax Assembly plant, the 1st assembly plant from the company's history beyond 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 construction equipment business became Volvo Construction Equipment.
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