The Volvo Group (Swedish: Volvokoncernen; legally Aktiebolaget Volvo, shortened to AB Volvo) (stylized as VOLVO) can be a Swedish multinational manufacturing company headquartered in Gothenburg. While its core activity would 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, that it was the world's second largest manufacturer of heavy-duty trucks.Automobile manufacturer Volvo Cars, also operating out of Gothenburg, was section of AB Volvo until 1999, when it had been sold for the Ford Motor Company. Since 2010 many experts have 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 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, because their beginning. The building remains.The brand Volvo was originally registered being a trademark in May 1911 while using intention to be utilized for a new compilation of SKF ball bearings. It means "I roll" in Latin, conjugated from "volvere". The idea was short-lived, and SKF thought we would simply use its initials because trademark for everyone its bearing products.In 1924, Assar Gabrielsson, an SKF sales director, along with a KTH Royal Institute of Technology educated engineer Gustav Larson, the 2 main founders,[clarification needed] chose to start construction of any Swedish car. They created to build cars that may withstand the rigors from the country's rough roads and cold temperatures.AB Volvo began activities on 10 August 1926. After twelve months of preparations between production of ten prototypes, the firm was prepared to commence the car-manufacturing business in the SKF group. The Volvo Group itself considers it entered 1927, in the event 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, as a possible immediate success and attracted attention away from country. In 1930, Volvo sold 639 cars, plus the export of trucks to Europe started shortly after; the cars wouldn't 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 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 safe and secure supply of engines and entry in to the marine engine market.The first bus, named B1, was released in 1934, and aircraft engines were added for the growing range of products for the beginning on the 1940s. In 1963, Volvo opened the Volvo Halifax Assembly plant, the 1st assembly plant within the company's history away from 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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