Used 2009 Volvo S60 for sale Pricing \u0026 Features Edmunds
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 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 headquartered in Gothenburg, was section 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 around the Stockholm Stock Exchange in 1935, and was about the NASDAQ indices from 1985 to 2007.Volvo was established in 1915 like a subsidiary of SKF, a ball bearing manufacturer; however both Volvo Group and Volvo Cars regard the rollout from the company's first car series, the Volvo ÖV 4, on 14 April 1927, his or her beginning. The building remains.The name Volvo was originally registered as being a trademark in May 1911 with all the intention to be utilized for a new combination 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 everyone its bearing products.In 1924, Assar Gabrielsson, an SKF sales team manager, along with a KTH Royal Institute of Technology educated engineer Gustav Larson, both founders,[clarification needed] thought we would start construction of your Swedish car. They designed 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 12 months of preparations between production of ten prototypes, the firm was willing to commence the car-manufacturing business from the SKF group. The Volvo Group itself considers it were only available in 1927, once the first car, a Volvo ÖV 4, rolled away from 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, as a possible immediate success and attracted attention beyond the country. In 1930, Volvo sold 639 cars, plus the export of trucks to Europe started just after; the cars would not become renowned outside Sweden until after World War II. AB Volvo was introduced in the Stockholm Stock Exchange in 1935 and SKF then chose to sell its shares inside 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 good supply of engines and entry in to the marine engine market.The first bus, named B1, was already released in 1934, and aircraft engines were added towards the growing range of products in the beginning on the 1940s. In 1963, Volvo opened the Volvo Halifax Assembly plant, the initial 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 rest of the construction equipment business became Volvo Construction Equipment.
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