Volvo C70 Review photos CarAdvice
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 absolutely was 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 towards 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 to be a subsidiary of SKF, a ball bearing manufacturer; however both Volvo Group and Volvo Cars regard the rollout on the company's first car series, the Volvo ÖV 4, on 14 April 1927, his or her beginning. The building remains.The brand Volvo was originally registered as being a trademark in May 1911 with all the intention for use for a new number of SKF ball bearings. It means "I roll" in Latin, conjugated from "volvere". The idea was short-lived, and SKF chosen to simply use its initials since the trademark for many its bearing products.In 1924, Assar Gabrielsson, an SKF sales leader, plus a KTH Royal Institute of Technology educated engineer Gustav Larson, the 2 founders,[clarification needed] made a decision to start construction of any Swedish car. They that will build cars that may withstand the rigors in 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 wanting to commence the car-manufacturing business inside the SKF group. The Volvo Group itself considers it were only available in 1927, if the first car, a Volvo ÖV 4, rolled from the production line for the factory in Hisingen, Gothenburg. Only 280 cars were built that year. The first truck, the "Series 1", debuted in January 1928, just as one immediate success and attracted attention away from country. In 1930, Volvo sold 639 cars, along with the export of trucks to Europe started right after; the cars didn't become recognized outside Sweden until after World War II. AB Volvo was introduced in 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 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 already released in 1934, and aircraft engines were added towards the growing range of products in the beginning from the 1940s. In 1963, Volvo opened the Volvo Halifax Assembly plant, the initial assembly plant within 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 rest of the construction equipment business became Volvo Construction Equipment.
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