Volvo XC90 Auto Express

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 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, that it was 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 had been sold to your 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 listed around the Stockholm Stock Exchange in 1935, and was within the NASDAQ indices from 1985 to 2007.Volvo was established in 1915 being a subsidiary of SKF, a ball bearing manufacturer; however their Volvo Group and Volvo Cars regard the rollout on the company's first car series, the Volvo ÖV 4, on 14 April 1927, as his or her beginning. The building remains.The manufacturer Volvo was originally registered as being a trademark in May 1911 together with the intention to be utilized for a new compilation 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 trademark for all those its bearing products.In 1924, Assar Gabrielsson, an SKF sales team leader, as well as a KTH Royal Institute of Technology educated engineer Gustav Larson, the 2 founders,[clarification needed] made a decision to start construction of any Swedish car. They meant 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 12 months of preparations concerning the production of ten prototypes, the firm was wanting to commence the car-manufacturing business inside 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, just as one immediate success and attracted attention outside of the country. In 1930, Volvo sold 639 cars, plus the export of trucks to Europe started shortly after; the cars wouldn't become recognized outside Sweden until after World War II. AB Volvo was introduced with the Stockholm Stock Exchange in 1935 and SKF then chose 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 good supply of engines and entry to the marine engine market.The first bus, named B1, was released in 1934, and aircraft engines were added towards the growing range of products with the beginning on the 1940s. In 1963, Volvo opened the Volvo Halifax Assembly plant, the initial assembly plant inside company's history outside 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.