Volvo

Volvo

Aktiebolaget Volvo is a Swedish multinational manufacturing company headquartered in Gothenburg, Sweden. Its principal activity is the production, distribution and sale of trucks, buses, and construction equipment. Volvo also supplies marine and industrial drive systems, and provides financial services. Although Volvo was established in 1915 as a subsidiary of AB SKF, a Swedish ball bearing manufacturer, the auto manufacturer considers itself officially founded on 14 April 1927, when the first car, the Volvo ÖV 4 series, affectionately known as “Jakob”, rolled out of the factory in Hisingen, Gothenburg.

Volvo means “I roll” in Latin, conjugated from “volvere”, in relation to ball bearing. The name Volvo was originally registered in May 1911 as a separate company within SKF AB and as a registered trademark with the intention to be used for a special series of ball bearing.

In August 2010, Ford completed its sale of Volvo Cars to the Chinese motor manufacturer Geely Automobile (Zhejiang Geely Holding Group) for $1.8 billion.

Headquarters: Gothenburg, Sweden
Official Site of Volvo: http://www.volvogroup.com/
Owner(s) : Geely Automobile