Volvo s40 sedan nevada with Pictures 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 may 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 headquartered in Gothenburg, was portion of AB Volvo until 1999, when it had been 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 listed about the Stockholm Stock Exchange in 1935, and was within the NASDAQ indices from 1985 to 2007.Volvo was established in 1915 being 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, his or her beginning. The building remains.The manufacturer Volvo was originally registered like a trademark in May 1911 together with the intention for use for a new compilation 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 many its bearing products.In 1924, Assar Gabrielsson, an SKF sales leader, as well as a KTH Royal Institute of Technology educated engineer Gustav Larson, the 2 founders,[clarification needed] thought we would start construction of the Swedish car. They that will build cars that may 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 concerning 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 entered 1927, if the first car, a Volvo ÖV 4, rolled away from 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, for an immediate success and attracted attention beyond the country. In 1930, Volvo sold 639 cars, along with the export of trucks to Europe started immediately after; the cars wouldn't become recognized outside Sweden until after World War II. AB Volvo was introduced with 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, which in fact had manufactured engines for Volvo, was acquired in 1935, providing a safe and secure supply of engines and entry in 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 within the company's history over and above 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 construction equipment business became Volvo Construction Equipment.
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