NYC New Volvo \u0026 Used Car Dealer serving Brooklyn, Queens \u0026 the Bronx
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 would 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 located in Gothenburg, was a part of AB Volvo until 1999, when it had been sold for 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 around the Stockholm Stock Exchange in 1935, and was within the NASDAQ indices from 1985 to 2007.Volvo was established in 1915 like 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, for their beginning. The building remains.The manufacturer Volvo was originally registered as being a trademark in May 1911 together with the 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 chosen to simply use its initials because the trademark for everyone its bearing products.In 1924, Assar Gabrielsson, an SKF sales leader, as well as a KTH Royal Institute of Technology educated engineer Gustav Larson, both founders,[clarification needed] made a decision to start construction of the Swedish car. They meant to build cars that may withstand the rigors from the country's rough roads and cold temperatures.AB Volvo began activities on 10 August 1926. After 1 year of preparations regarding the production of ten prototypes, the firm was able to commence the car-manufacturing business inside SKF group. The Volvo Group itself considers it began in 1927, if the first car, a Volvo ÖV 4, rolled from the 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, as a possible immediate success and attracted attention beyond the country. In 1930, Volvo sold 639 cars, plus the export of trucks to Europe started shortly after; the cars failed to become popular 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 inside 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 to the marine engine market.The first bus, named B1, was published in 1934, and aircraft engines were added to your growing range of products in the beginning in the 1940s. In 1963, Volvo opened the Volvo Halifax Assembly plant, the 1st assembly plant from the 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 residual construction equipment business became Volvo Construction Equipment.
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