Volvo – Volvo is a Swedish multinational manufacturing company in Gothenburg, Sweden. Its main activity is the manufacture, distribution and sale of trucks. Volvo also supplies marine and Industrieantriebssystemeund provides financial services. Although Volvo founded in 1915 as a subsidiary of AB SKF, a manufacturer of ball bearings Sweden, the automaker is officially founded on 14 April 1927, when the first car, the Volvo PT 4 series, affectionately known as Jakob , rolled out of the factory in Hisingen in Gothenburg.In 1924, Assar Gabrielsson, a SKF Sales Manager and Engineer Gustav Larson to start construction of a Swedish car. His vision was cars that could withstand the rigors of rough roads of Sweden and cold temperatures build.
The company AB Volvo had no activities on 10 August, 1926. After a year of preparations, which was the production of ten prototypes, set up to carry out the business of making cars in the SKF Group. AB Volvo at the Stockholm stock exchange in 1935 and SKF decided to sell the company’s shares. Volvo was delisted on NASDAQ in June 2007, but remains listed on the Stockholm Stock Exchange.1999 Volvo sold its car division Volvo Cars to Ford Motor Company for $ 6,450,000,000th The Volvo brand was between Volvo AB, where it is used on heavy vehicles and divided the unit of Ford, where it was stopped to profitability in 2005, vague and decided in 2008, Ford to sell its interest in Volvo Cars.In August 2010, Ford sale of Volvo Cars to Chinese automaker Geely Automobile Zhejiang Geely Holding Group $ 1,800,000,000.
The Volvo Group has its origin in 1927 when the first Volvo car off the assembly line at the factory in Gothenburg. Only 280 cars were built this year. The first truck, the Series 1 , debuted as an immediate success and attracted attention outside the country. In 1930, Volvo sold 639 cars and export of trucks to Europe started soon after and cars will be known only after the Second World War, outside Sweden.Pentaverken that were made for the Volvo engines were purchased in 1935, a secure supply of engines and entry into the market for marine engines.The first bus, named B1, was launched in 1934 to life and aircraft engines were added to the growing range of products in the early 1940s. In 1963, opened the meeting Volvo factory Halifax, the first assembly plant in the company’s history outside of Sweden in Halifax. In the European Union blocked a merger with Scania Vabis.
Volvo Group has transferred its car division Volvo Cars Ford Motor Company sold for $ 6450000000 in 2000 in the Premier Automotive Group along with Jaguar, Land Rover and Aston Martin placed. Resources and Volvo technology components in various Ford, Land Rover and Aston Martin products are used, the second generation of the Land Rover Freelander designed on the same platform as the second generation Volvo S80. The petrol engine in the Volvo T5 performance models Ford Focus ST and RS used and the satellite navigation system was some Volvo models Aston Martin V8 Vantage Vanquish, DB9 and used.Ford sells Volvo Car Corporation in 2010 to Geely Automobile in China 1.8 billion U.S. dollars after the sale of Jaguar and Land Rover in 2008 and Aston Martin in 2007.