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 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 situated in Gothenburg, was component 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 for the Stockholm Stock Exchange in 1935, and was around the NASDAQ indices from 1985 to 2007.Volvo was established in 1915 like a subsidiary of SKF, a ball bearing manufacturer; however the Volvo Group and Volvo Cars regard the rollout on the company's first car series, the Volvo ÖV 4, on 14 April 1927, for their beginning. The building remains.The name Volvo was originally registered as being a trademark in May 1911 together with the intention to use for a new combination of SKF ball bearings. It means "I roll" in Latin, conjugated from "volvere". The idea was short-lived, and SKF chose to simply use its initials because trademark for those its bearing products.In 1924, Assar Gabrielsson, an SKF sales team manager, and also a KTH Royal Institute of Technology educated engineer Gustav Larson, both founders,[clarification needed] made a decision to start construction of any Swedish car. They created to build cars that can withstand the rigors from the country's rough roads and cold temperatures.AB Volvo began activities on 10 August 1926. After 12 months of preparations concerning the production of ten prototypes, the firm was wanting to commence the car-manufacturing business inside SKF group. The Volvo Group itself considers it entered 1927, if your first car, a Volvo ÖV 4, rolled away from the production line with the factory in Hisingen, Gothenburg. Only 280 cars were built that year. The first truck, the "Series 1", debuted in January 1928, just as one immediate success and attracted attention away from country. In 1930, Volvo sold 639 cars, and also the export of trucks to Europe started right after; the cars wouldn't become well-known outside Sweden until after World War II. AB Volvo was introduced for the Stockholm Stock Exchange in 1935 and SKF then chosen to sell its shares from the 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 into your marine engine market.The first bus, named B1, premiered in 1934, and aircraft engines were added for the growing range of products on the beginning in the 1940s. In 1963, Volvo opened the Volvo Halifax Assembly plant, the initial assembly plant from 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 construction equipment business became Volvo Construction Equipment.
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