Volvo C70 Review CarAdvice
The Volvo Group (Swedish: Volvokoncernen; legally Aktiebolaget Volvo, shortened to AB Volvo) (stylized as VOLVO) is usually a Swedish multinational manufacturing company headquartered in Gothenburg. While its core activity may 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 located in Gothenburg, was component of AB Volvo until 1999, when that it was sold on the Ford Motor Company. Since 2010 many experts have 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 initially listed for the Stockholm Stock Exchange in 1935, and was within the NASDAQ indices from 1985 to 2007.Volvo was established in 1915 like 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, his or her beginning. The building remains.The name Volvo was originally registered being 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 thought we would simply use its initials since the trademark for those its bearing products.In 1924, Assar Gabrielsson, an SKF sales team leader, plus a KTH Royal Institute of Technology educated engineer Gustav Larson, both founders,[clarification needed] chosen to start construction of the Swedish car. They that will build cars that may withstand the rigors in the country's rough roads and cold temperatures.AB Volvo began activities on 10 August 1926. After twelve 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 entered 1927, in the event 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, as a possible immediate success and attracted attention outside of the country. In 1930, Volvo sold 639 cars, plus the export of trucks to Europe started just after; the cars didn't become well-known outside Sweden until after World War II. AB Volvo was introduced for the Stockholm Stock Exchange in 1935 and SKF then chosen to sell its shares inside 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 good supply of engines and entry to the marine engine market.The first bus, named B1, was already released in 1934, and aircraft engines were added to your growing range of products for the beginning with the 1940s. In 1963, Volvo opened the Volvo Halifax Assembly plant, the very first assembly plant within 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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