West chester volvo Mitula Cars
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 situated in Gothenburg, was portion of AB Volvo until 1999, when it turned out 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 about the NASDAQ indices from 1985 to 2007.Volvo was established in 1915 to be a subsidiary of SKF, a ball bearing manufacturer; however the two Volvo Group and Volvo Cars regard the rollout on the company's first car series, the Volvo ÖV 4, on 14 April 1927, because their beginning. The building remains.The brand Volvo was originally registered like a trademark in May 1911 while using intention to be utilized for a new compilation of SKF ball bearings. It means "I roll" in Latin, conjugated from "volvere". The idea was short-lived, and SKF chose to simply use its initials because trademark for those its bearing products.In 1924, Assar Gabrielsson, an SKF sales leader, along with a KTH Royal Institute of Technology educated engineer Gustav Larson, both founders,[clarification needed] chosen to start construction of an Swedish car. They designed to build cars that may 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 willing to commence the car-manufacturing business from the SKF group. The Volvo Group itself considers it entered 1927, if your first car, a Volvo ÖV 4, rolled over 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, being an immediate success and attracted attention beyond the country. In 1930, Volvo sold 639 cars, and also the export of trucks to Europe started shortly after; the cars didn't become renowned 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 within 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 safe and secure 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 to your growing range of products for the beginning in the 1940s. In 1963, Volvo opened the Volvo Halifax Assembly plant, the initial assembly plant inside company's history beyond 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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