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 usually 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 operating out of Gothenburg, was portion of AB Volvo until 1999, when that it was sold towards the Ford Motor Company. Since 2010 it is often 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 as 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, because their beginning. The building remains.The brand Volvo was originally registered like a trademark in May 1911 together with the intention to be played with for a new group 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 all those its bearing products.In 1924, Assar Gabrielsson, an SKF sales team manager, along with a KTH Royal Institute of Technology educated engineer Gustav Larson, the 2 founders,[clarification needed] chose to start construction of the Swedish car. They that will 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 one full year of preparations regarding the production of ten prototypes, the firm was able to commence the car-manufacturing business in the SKF group. The Volvo Group itself considers it were only available in 1927, if your first car, a Volvo ÖV 4, rolled away from the production line in 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 wouldn't become well-known outside Sweden until after World War II. AB Volvo was introduced for 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 the marine engine market.The first bus, named B1, premiered in 1934, and aircraft engines were added towards the growing range of products with the beginning in the 1940s. In 1963, Volvo opened the Volvo Halifax Assembly plant, the primary assembly plant from 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 construction equipment business became Volvo Construction Equipment.
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