Volvo C70 Review \u0026 Road Test CarAdvice
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 would 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, that it was the world's second largest manufacturer of heavy-duty trucks.Automobile manufacturer Volvo Cars, also located in Gothenburg, was a part of AB Volvo until 1999, when it had been sold for 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 around the Stockholm Stock Exchange in 1935, and was for the NASDAQ indices from 1985 to 2007.Volvo was established in 1915 like a subsidiary of SKF, a ball bearing manufacturer; however their Volvo Group and Volvo Cars regard the rollout from the company's first car series, the Volvo ÖV 4, on 14 April 1927, because their beginning. The building remains.The name brand Volvo was originally registered being a trademark in May 1911 together with 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 thought we would simply use its initials since the trademark for those its bearing products.In 1924, Assar Gabrielsson, an SKF sales director, plus a KTH Royal Institute of Technology educated engineer Gustav Larson, the 2 founders,[clarification needed] made a decision to start construction of your Swedish car. They that will build cars that can withstand the rigors on the country's rough roads and cold temperatures.AB Volvo began activities on 10 August 1926. After one full year of preparations relating to the production of ten prototypes, the firm was prepared to commence the car-manufacturing business inside SKF group. The Volvo Group itself considers it began in 1927, once the first car, a Volvo ÖV 4, rolled away from the 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 beyond your country. In 1930, Volvo sold 639 cars, as well as the export of trucks to Europe started right after; the cars failed to become popular 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 from the company. By 1942, Volvo acquired the Swedish precision engineering company Svenska Flygmotor (later renamed as Volvo Aero).Pentaverken, that 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 for the growing range of products on the beginning on the 1940s. In 1963, Volvo opened the Volvo Halifax Assembly plant, the primary assembly plant inside the company's history outside 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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