Volvo XC70 Volvo Cars UK Ltd

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 will 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 operating out of Gothenburg, was a part of AB Volvo until 1999, when that it was sold on 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 about the Stockholm Stock Exchange in 1935, and was around 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 on the company's first car series, the Volvo ÖV 4, on 14 April 1927, as his or her beginning. The building remains.The name brand Volvo was originally registered being 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 made a decision to simply use its initials as being the trademark for many its bearing products.In 1924, Assar Gabrielsson, an SKF sales leader, and also a KTH Royal Institute of Technology educated engineer Gustav Larson, both the founders,[clarification needed] chose to start construction of any Swedish car. They that will build cars that might 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 willing to commence the car-manufacturing business inside the SKF group. The Volvo Group itself considers it began in 1927, in the event the 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 away from country. In 1930, Volvo sold 639 cars, as well as the export of trucks to Europe started just after; the cars wouldn't become well-known outside Sweden until after World War II. AB Volvo was introduced for the Stockholm Stock Exchange in 1935 and SKF then made a decision to 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 good 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 to your growing range of products on the beginning in the 1940s. In 1963, Volvo opened the Volvo Halifax Assembly plant, the initial assembly plant inside company's history outside 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.

Related Images with Volvo XC70 Volvo Cars UK Ltd

Emergency Services Volvo Cars UK Ltd

Cars Discover Heritage Volvo Car Group Global Media Newsroom

Volvo XC90 Polestar Supposedly \u002639;High Performance\u002639;

Volvo\u002639;s iron logo back in the centre Volvo Car Group Global Media Newsroom

Share this post