Review: 2010 Volvo XC60
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, that it was the world's second largest manufacturer of heavy-duty trucks.Automobile manufacturer Volvo Cars, also located in Gothenburg, was portion of AB Volvo until 1999, when it had been sold towards the Ford Motor Company. Since 2010 it is 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 around the Stockholm Stock Exchange in 1935, and was for the NASDAQ indices from 1985 to 2007.Volvo was established in 1915 as being a subsidiary of SKF, a ball bearing manufacturer; however the two Volvo Group and Volvo Cars regard the rollout from the company's first car series, the Volvo ÖV 4, on 14 April 1927, as his or her beginning. The building remains.The name Volvo was originally registered to be a trademark in May 1911 using the intention to use for a new combination of SKF ball bearings. It means "I roll" in Latin, conjugated from "volvere". The idea was short-lived, and SKF chose to simply use its initials because the trademark for all those its bearing products.In 1924, Assar Gabrielsson, an SKF sales team manager, plus a KTH Royal Institute of Technology educated engineer Gustav Larson, the 2 main founders,[clarification needed] chosen to start construction of any Swedish car. They that will build cars that may withstand the rigors with the country's rough roads and cold temperatures.AB Volvo began activities on 10 August 1926. After twelve months of preparations concerning the production of ten prototypes, the firm was willing to commence the car-manufacturing business from the SKF group. The Volvo Group itself considers it were only available in 1927, if the first car, a Volvo ÖV 4, rolled off of 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, just as one immediate success and attracted attention outside of the country. In 1930, Volvo sold 639 cars, and also the export of trucks to Europe started immediately after; the cars wouldn't become popular outside Sweden until after World War II. AB Volvo was introduced with the Stockholm Stock Exchange in 1935 and SKF then chosen to sell its shares within the company. By 1942, Volvo acquired the Swedish precision engineering company Svenska Flygmotor (later renamed as Volvo Aero).Pentaverken, that had manufactured engines for Volvo, was acquired in 1935, providing a good supply of engines and entry in the marine engine market.The first bus, named B1, was published in 1934, and aircraft engines were added on the growing range of products in the beginning with the 1940s. In 1963, Volvo opened the Volvo Halifax Assembly plant, the very first assembly plant within the company's history over and above 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 residual construction equipment business became Volvo Construction Equipment.
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