2004 Volvo XC70 Pricing, Ratings \u0026 Reviews Kelley Blue Book
The Volvo Group (Swedish: Volvokoncernen; legally Aktiebolaget Volvo, shortened to AB Volvo) (stylized as VOLVO) is often a Swedish multinational manufacturing company headquartered in Gothenburg. While its core activity will 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 situated in Gothenburg, was a part of AB Volvo until 1999, when it turned out 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 initially listed within the Stockholm Stock Exchange in 1935, and was for the NASDAQ indices from 1985 to 2007.Volvo was established in 1915 as being a subsidiary of SKF, a ball bearing manufacturer; however the 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 name brand Volvo was originally registered like a trademark in May 1911 with all the intention for use for a new combination of SKF ball bearings. It means "I roll" in Latin, conjugated from "volvere". The idea was short-lived, and SKF chose to simply use its initials as being the trademark for everyone its bearing products.In 1924, Assar Gabrielsson, an SKF sales leader, and also a KTH Royal Institute of Technology educated engineer Gustav Larson, both founders,[clarification needed] chose to start construction of your Swedish car. They created to build cars which could withstand the rigors with the country's rough roads and cold temperatures.AB Volvo began activities on 10 August 1926. After 1 year of preparations concerning 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 with 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, as well as the export of trucks to Europe started shortly after; the cars failed to become well-known outside Sweden until after World War II. AB Volvo was introduced in the Stockholm Stock Exchange in 1935 and SKF then thought we would 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 to the marine engine market.The first bus, named B1, was published in 1934, and aircraft engines were added towards the growing range of products in the beginning from the 1940s. In 1963, Volvo opened the Volvo Halifax Assembly plant, the primary assembly plant inside company's history over and above 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.
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