Volvo XC60 Used Cars in Reno 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 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 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 initially listed for 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 their 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 manufacturer Volvo was originally registered like a trademark in May 1911 while using intention to be played with for a new number 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 all those its bearing products.In 1924, Assar Gabrielsson, an SKF sales team leader, as well as a KTH Royal Institute of Technology educated engineer Gustav Larson, both founders,[clarification needed] chose to start construction of your 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 12 months of preparations concerning the production of ten prototypes, the firm was wanting to commence the car-manufacturing business from the SKF group. The Volvo Group itself considers it were only available in 1927, if the first car, a Volvo ÖV 4, rolled off of the production line in 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 beyond your country. In 1930, Volvo sold 639 cars, and also the export of trucks to Europe started just after; the cars failed to become recognized outside Sweden until after World War II. AB Volvo was introduced for 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 good supply of engines and entry into your marine engine market.The first bus, named B1, was published in 1934, and aircraft engines were added on the growing range of products in the beginning with the 1940s. In 1963, Volvo opened the Volvo Halifax Assembly plant, the very first assembly plant from 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 remainder of the construction equipment business became Volvo Construction Equipment.

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