2017 Volvo XC90 Hybrid SUV Cherry Hill

2017 Volvo XC90 Hybrid SUV  Cherry Hill

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, that it was the world's second largest manufacturer of heavy-duty trucks.Automobile manufacturer Volvo Cars, also located in Gothenburg, was portion of AB Volvo until 1999, when it absolutely was sold to your 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 within the Stockholm Stock Exchange in 1935, and was for 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 in the company's first car series, the Volvo ÖV 4, on 14 April 1927, as his or her beginning. The building remains.The brand Volvo was originally registered like a trademark in May 1911 together with 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 made a decision to simply use its initials because the trademark for many its bearing products.In 1924, Assar Gabrielsson, an SKF sales director, along with a KTH Royal Institute of Technology educated engineer Gustav Larson, both the founders,[clarification needed] chosen to start construction of the Swedish car. They that will build cars which could withstand the rigors in the country's rough roads and cold temperatures.AB Volvo began activities on 10 August 1926. After 12 months of preparations regarding 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 entered 1927, once 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, being an immediate success and attracted attention beyond your country. In 1930, Volvo sold 639 cars, as well as the export of trucks to Europe started shortly after; the cars didn't become popular outside Sweden until after World War II. AB Volvo was introduced in 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 safe and secure supply of engines and entry in to the marine engine market.The first bus, named B1, was released in 1934, and aircraft engines were added for the growing range of products with the beginning with the 1940s. In 1963, Volvo opened the Volvo Halifax Assembly plant, the primary assembly plant inside the 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 rest of the construction equipment business became Volvo Construction Equipment.

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