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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, it absolutely was 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 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 about the Stockholm Stock Exchange in 1935, and was about 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 from the company's first car series, the Volvo ÖV 4, on 14 April 1927, because their beginning. The building remains.The name brand Volvo was originally registered as being a trademark in May 1911 with all 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 as being the trademark for all those its bearing products.In 1924, Assar Gabrielsson, an SKF sales director, and also a KTH Royal Institute of Technology educated engineer Gustav Larson, the 2 founders,[clarification needed] made a decision to start construction of the Swedish car. They that will build cars that might withstand the rigors in the country's rough roads and cold temperatures.AB Volvo began activities on 10 August 1926. After one full year of preparations between production of ten prototypes, the firm was prepared to commence the car-manufacturing business inside SKF group. The Volvo Group itself considers it entered 1927, in the event the first car, a Volvo ÖV 4, rolled off of 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 away from country. In 1930, Volvo sold 639 cars, and also the export of trucks to Europe started shortly after; the cars wouldn't become well-known outside Sweden until after World War II. AB Volvo was introduced on the Stockholm Stock Exchange in 1935 and SKF then made a decision to sell its shares within the company. By 1942, Volvo acquired the Swedish precision engineering company Svenska Flygmotor (later renamed as Volvo Aero).Pentaverken, which 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, was already released in 1934, and aircraft engines were added on the growing range of products with the beginning in the 1940s. In 1963, Volvo opened the Volvo Halifax Assembly plant, the very first assembly plant inside the 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 remainder of the construction equipment business became Volvo Construction Equipment.