Volvo Cars of Manhattan 72 Photos \u0026 24 Reviews Auto Repair 619 W 54th St, Hell\u002639;s Kitchen

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 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, it turned out 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 that it was sold on the Ford Motor Company. Since 2010 it's been 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 within the Stockholm Stock Exchange in 1935, and was for the NASDAQ indices from 1985 to 2007.Volvo was established in 1915 to be a subsidiary of SKF, a ball bearing manufacturer; however their Volvo Group and Volvo Cars regard the rollout in 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 while using 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 as being the trademark for many its bearing products.In 1924, Assar Gabrielsson, an SKF sales leader, and also a KTH Royal Institute of Technology educated engineer Gustav Larson, both the founders,[clarification needed] made a decision to start construction of the 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 1 year of preparations between production of ten prototypes, the firm was prepared to commence the car-manufacturing business inside the SKF group. The Volvo Group itself considers it entered 1927, once the first car, a Volvo ÖV 4, rolled 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 away from country. In 1930, Volvo sold 639 cars, along with 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 with the Stockholm Stock Exchange in 1935 and SKF then thought we would sell its shares inside company. By 1942, Volvo acquired the Swedish precision engineering company Svenska Flygmotor (later renamed as Volvo Aero).Pentaverken, which in fact had manufactured engines for Volvo, was acquired in 1935, providing a good supply of engines and entry in the marine engine market.The first bus, named B1, was published in 1934, and aircraft engines were added for the growing range of products on the beginning from the 1940s. In 1963, Volvo opened the Volvo Halifax Assembly plant, the 1st assembly plant inside 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 rest of the construction equipment business became Volvo Construction Equipment.

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