Review: 2010 Volvo XC60

The Volvo Group (Swedish: Volvokoncernen; legally Aktiebolaget Volvo, shortened to AB Volvo) (stylized as VOLVO) can be 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 it absolutely was 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 initially listed within 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 the two Volvo Group and Volvo Cars regard the rollout in the company's first car series, the Volvo ÖV 4, on 14 April 1927, his or her beginning. The building remains.The manufacturer Volvo was originally registered like a trademark in May 1911 using the intention to be played with 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 many its bearing products.In 1924, Assar Gabrielsson, an SKF sales team manager, plus a KTH Royal Institute of Technology educated engineer Gustav Larson, both founders,[clarification needed] chosen to start construction of any Swedish car. They that will build cars that might 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 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 away from the 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, as a possible immediate success and attracted attention beyond your country. In 1930, Volvo sold 639 cars, along with the export of trucks to Europe started just after; the cars wouldn't become renowned outside Sweden until after World War II. AB Volvo was introduced for the Stockholm Stock Exchange in 1935 and SKF then thought we would sell its shares inside 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 good supply of engines and entry into your marine engine market.The first bus, named B1, was already released in 1934, and aircraft engines were added for the growing range of products in the beginning with the 1940s. In 1963, Volvo opened the Volvo Halifax Assembly plant, the very first assembly plant from the 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 remainder of the construction equipment business became Volvo Construction Equipment.

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