2004 Volvo XC70 Pricing, Ratings \u0026 Reviews Kelley Blue Book

The Volvo Group (Swedish: Volvokoncernen; legally Aktiebolaget Volvo, shortened to AB Volvo) (stylized as VOLVO) is really a Swedish multinational manufacturing company headquartered in Gothenburg. While its core activity could 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 located in Gothenburg, was portion of AB Volvo until 1999, when that it was sold to your Ford Motor Company. Since 2010 it is 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 around 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 the two Volvo Group and Volvo Cars regard the rollout from the company's first car series, the Volvo ÖV 4, on 14 April 1927, for their beginning. The building remains.The name brand Volvo was originally registered to be a trademark in May 1911 using the intention to be utilized for a new number 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 trademark for many its bearing products.In 1924, Assar Gabrielsson, an SKF sales team manager, along with a KTH Royal Institute of Technology educated engineer Gustav Larson, both the founders,[clarification needed] chosen to start construction of any Swedish car. They designed to build cars which could withstand the rigors on the country's rough roads and cold temperatures.AB Volvo began activities on 10 August 1926. After 1 year of preparations regarding the production of ten prototypes, the firm was able to commence the car-manufacturing business in the SKF group. The Volvo Group itself considers it began in 1927, if your first car, a Volvo ÖV 4, rolled away from 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, as a possible immediate success and attracted attention beyond the country. In 1930, Volvo sold 639 cars, and also the export of trucks to Europe started shortly after; the cars failed to become well-known outside Sweden until after World War II. AB Volvo was introduced on the Stockholm Stock Exchange in 1935 and SKF then thought we would sell its shares within 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 for the beginning in the 1940s. In 1963, Volvo opened the Volvo Halifax Assembly plant, the 1st assembly plant from the 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.

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