Volvo S60 2.4 2003 Auto images and Specification
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 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, it absolutely 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 turned out sold towards 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 listed around the Stockholm Stock Exchange in 1935, and was around the NASDAQ indices from 1985 to 2007.Volvo was established in 1915 as being a subsidiary of SKF, a ball bearing manufacturer; however their Volvo Group and Volvo Cars regard the rollout in the company's first car series, the Volvo ÖV 4, on 14 April 1927, for their beginning. The building remains.The manufacturer Volvo was originally registered as being a trademark in May 1911 using 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 everyone its bearing products.In 1924, Assar Gabrielsson, an SKF sales leader, along with a KTH Royal Institute of Technology educated engineer Gustav Larson, both the founders,[clarification needed] chose to start construction of your Swedish car. They created to build cars that might 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 relating to 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 entered 1927, if your 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, for an immediate success and attracted attention outside of the country. In 1930, Volvo sold 639 cars, as well as the export of trucks to Europe started right after; the cars didn't become popular outside Sweden until after World War II. AB Volvo was introduced in 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, which have 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 on the growing range of products on the beginning in the 1940s. In 1963, Volvo opened the Volvo Halifax Assembly plant, the 1st assembly plant within 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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