Review: 2010 Volvo C70 T5

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 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 turned out the world's second largest manufacturer of heavy-duty trucks.Automobile manufacturer Volvo Cars, also headquartered in Gothenburg, was portion of AB Volvo until 1999, when it absolutely was sold to your 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 about the Stockholm Stock Exchange in 1935, and was for the NASDAQ indices from 1985 to 2007.Volvo was established in 1915 to be 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, for their beginning. The building remains.The name brand Volvo was originally registered to be a trademark in May 1911 together with 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 thought we would simply use its initials because trademark for all those its bearing products.In 1924, Assar Gabrielsson, an SKF sales leader, along with a KTH Royal Institute of Technology educated engineer Gustav Larson, the 2 main founders,[clarification needed] chosen to start construction of an Swedish car. They that will build cars that may withstand the rigors from the country's rough roads and cold temperatures.AB Volvo began activities on 10 August 1926. After one full year of preparations between 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, once the first car, a Volvo ÖV 4, rolled off of 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 outside of the country. In 1930, Volvo sold 639 cars, and also 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 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 good supply of engines and entry to the marine engine market.The first bus, named B1, was released in 1934, and aircraft engines were added towards the growing range of products on the beginning on the 1940s. In 1963, Volvo opened the Volvo Halifax Assembly plant, the very first assembly plant inside 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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