2009 Volvo S60 2.5T Ice White \/ Taupe Photo 2 DealerRevs.com

2009 Volvo S60 2.5T Ice White \/ Taupe Photo 2  DealerRevs.com

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, it turned out the world's second largest manufacturer of heavy-duty trucks.Automobile manufacturer Volvo Cars, also headquartered in Gothenburg, was a part of AB Volvo until 1999, when it turned out sold towards the 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 initially listed for the Stockholm Stock Exchange in 1935, and was within 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 from the company's first car series, the Volvo ÖV 4, on 14 April 1927, as his or her beginning. The building remains.The manufacturer Volvo was originally registered being a trademark in May 1911 using the 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 because the trademark for many its bearing products.In 1924, Assar Gabrielsson, an SKF sales leader, plus a KTH Royal Institute of Technology educated engineer Gustav Larson, the 2 founders,[clarification needed] chosen to start construction of your Swedish car. They meant 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 twelve months of preparations regarding the production of ten prototypes, the firm was wanting to commence the car-manufacturing business inside SKF group. The Volvo Group itself considers it entered 1927, if the first car, a Volvo ÖV 4, rolled off of 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, just as one immediate success and attracted attention outside of the country. In 1930, Volvo sold 639 cars, along with the export of trucks to Europe started immediately after; the cars would not become popular 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 inside 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 in to the marine engine market.The first bus, named B1, premiered in 1934, and aircraft engines were added for the growing range of products in the beginning on the 1940s. In 1963, Volvo opened the Volvo Halifax Assembly plant, the very first assembly plant inside 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 construction equipment business became Volvo Construction Equipment.

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