Volvo c30 west chester Mitula Cars
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 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 turned out 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 turned out sold to your Ford Motor Company. Since 2010 it is often 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 around 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 from the company's first car series, the Volvo ÖV 4, on 14 April 1927, for their beginning. The building remains.The brand Volvo was originally registered to be a trademark in May 1911 while using intention to be utilized for a new combination 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 trademark for everyone its bearing products.In 1924, Assar Gabrielsson, an SKF sales leader, plus a KTH Royal Institute of Technology educated engineer Gustav Larson, both founders,[clarification needed] chosen to start construction of an Swedish car. They meant to build cars that can withstand the rigors with 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 willing to commence the car-manufacturing business from the SKF group. The Volvo Group itself considers it began in 1927, once the first car, a Volvo ÖV 4, rolled away from the 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, as a possible immediate success and attracted attention outside of the country. In 1930, Volvo sold 639 cars, plus the export of trucks to Europe started immediately after; the cars didn't become renowned outside Sweden until after World War II. AB Volvo was introduced on the Stockholm Stock Exchange in 1935 and SKF then chose to sell its shares within 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 safe and secure supply of engines and entry to the marine engine market.The first bus, named B1, was released in 1934, and aircraft engines were added to your growing range of products on the beginning with the 1940s. In 1963, Volvo opened the Volvo Halifax Assembly plant, the initial 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 remainder of the construction equipment business became Volvo Construction Equipment.
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