2010 Volvo V50 Expert Reviews, Specs and Photos Cars.com
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 could 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 had been the world's second largest manufacturer of heavy-duty trucks.Automobile manufacturer Volvo Cars, also headquartered in Gothenburg, was a part of AB Volvo until 1999, when it had been sold on the Ford Motor Company. Since 2010 it's been 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 around the NASDAQ indices from 1985 to 2007.Volvo was established in 1915 like a subsidiary of SKF, a ball bearing manufacturer; however the Volvo Group and Volvo Cars regard the rollout with the company's first car series, the Volvo ÖV 4, on 14 April 1927, because their beginning. The building remains.The name Volvo was originally registered being a trademark in May 1911 while using intention to use for a new group 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 all those its bearing products.In 1924, Assar Gabrielsson, an SKF sales team leader, plus a KTH Royal Institute of Technology educated engineer Gustav Larson, both the founders,[clarification needed] thought we would start construction of the Swedish car. They meant 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 twelve months of preparations relating to the production of ten prototypes, the firm was able to commence the car-manufacturing business inside the SKF group. The Volvo Group itself considers it began in 1927, once the first car, a Volvo ÖV 4, rolled over 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, for an immediate success and attracted attention away from country. In 1930, Volvo sold 639 cars, along with the export of trucks to Europe started shortly after; the cars would not become renowned outside Sweden until after World War II. AB Volvo was introduced with the Stockholm Stock Exchange in 1935 and SKF then chose 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 in fact had manufactured engines for Volvo, was acquired in 1935, providing a safe and secure supply of engines and entry into your marine engine market.The first bus, named B1, was released in 1934, and aircraft engines were added on the growing range of products in the beginning in the 1940s. In 1963, Volvo opened the Volvo Halifax Assembly plant, the initial assembly plant inside 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 residual construction equipment business became Volvo Construction Equipment.
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