2016VolvoXC9059
The Volvo Group (Swedish: Volvokoncernen; legally Aktiebolaget Volvo, shortened to AB Volvo) (stylized as VOLVO) is really 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 component of AB Volvo until 1999, when it absolutely was 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 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 both 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 brand Volvo was originally registered as being a trademark in May 1911 using 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 since the trademark for all those its bearing products.In 1924, Assar Gabrielsson, an SKF sales team leader, 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 that will build cars which could withstand the rigors from the country's rough roads and cold temperatures.AB Volvo began activities on 10 August 1926. After 12 months of preparations concerning the production of ten prototypes, the firm was able to commence the car-manufacturing business from the SKF group. The Volvo Group itself considers it entered 1927, if the first car, a Volvo ÖV 4, rolled 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, being an immediate success and attracted attention outside of the country. In 1930, Volvo sold 639 cars, along with the export of trucks to Europe started right after; the cars didn't become renowned outside Sweden until after World War II. AB Volvo was introduced with the Stockholm Stock Exchange in 1935 and SKF then chosen to sell its shares from the company. By 1942, Volvo acquired the Swedish precision engineering company Svenska Flygmotor (later renamed as Volvo Aero).Pentaverken, that had 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, premiered in 1934, and aircraft engines were added for the growing range of products with the beginning on the 1940s. In 1963, Volvo opened the Volvo Halifax Assembly plant, the very first 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 remainder construction equipment business became Volvo Construction Equipment.
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