2014 Volvo XC90 Prices, Reviews and Pictures U.S. News \u0026 World Report

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 could 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 located in Gothenburg, was a part of AB Volvo until 1999, when it absolutely was sold on 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 within the Stockholm Stock Exchange in 1935, and was for the NASDAQ indices from 1985 to 2007.Volvo was established in 1915 to be a subsidiary of SKF, a ball bearing manufacturer; however their Volvo Group and Volvo Cars regard the rollout with 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 being a trademark in May 1911 together with the intention for use for a new group 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 those its bearing products.In 1924, Assar Gabrielsson, an SKF sales leader, as well as a KTH Royal Institute of Technology educated engineer Gustav Larson, the 2 founders,[clarification needed] chose to start construction of any Swedish car. They meant to 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 regarding the production of ten prototypes, the firm was wanting to commence the car-manufacturing business in the SKF group. The Volvo Group itself considers it began in 1927, in the event the first car, a Volvo ÖV 4, rolled over 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, along with the export of trucks to Europe started shortly after; the cars didn't become popular outside Sweden until after World War II. AB Volvo was introduced with the Stockholm Stock Exchange in 1935 and SKF then made a decision 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 had manufactured engines for Volvo, was acquired in 1935, providing a safe and secure supply of engines and entry in the marine engine market.The first bus, named B1, premiered in 1934, and aircraft engines were added towards the growing range of products with the beginning from 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.

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