The Volvo Group is a Swedish multinational vehicle assembling company has its headquarters in Gothenburg. While its core business is the manufacture, distribution, and sale of trucks, buses and construction equipment, supplies Volvo also marine and industrial drive systems and financial services. Although the two companies are still often conflated, Volvo Cars, also based in Gothenburg, is a completely separate company since it to Ford Motor Company in 1999 sold the company continues to work to share the Volvo logo and in the management of Volvo Museum.
Volvo was founded in 1915 as a subsidiary of SKF, the ball bearing manufacturer; But the Volvo Group and Volvo Cars considered established themselves in officially on 14 April 1927 when the first car, the Volvo OV 4 series, also known as “Jacob” rolled out of the factory in Hisingen, Gothenburg. The building remains (57 ° 42’50 “N 11 ° 55’19” E). Volvo means “I roll” in Latin, conjugated from “Volveré”, referring to ball bearings. The brand Volvo was original as a trademark registered in May 1911 with the purpose to be used for a new series of SKF bearings. This idea was only used for a short period of time and SKF decided to use only “SKF” as the trademark for its impact products.
In 1924, Assar Gabrielsson, an SKF sales manager and engineer Gustav Larson, the two founders, decided to start construction of a Swedish car. Their vision was to build cars that can withstand the rigors of the rough roads of the country and cold temperatures. AB Volvo began work on 10 August 1926. After a year of preparations, the production often prototypes firms ready to start the business car manufacturing in the SKF Group. AB Volvo is set to the Stockholm stock exchange in 1935 and SKF then decided to sell its shares in the company. Volvo delisted from Nasdaq in June 2007 but remained on the exchange in Stockholm.
The Volvo Group has its origin in 1927 when the first Volvo car rolled off the production line at the factory in Gothenburg. In 1930, Volvo sold 639 cars, and the export of trucks to Europe started soon after; the cars known outside Sweden became until after the Second World War. Pentaverken which engines for Volvo produced, acquired in 1935, providing a secure supply of engines and entering the marine engine market.
The first bus, named B1, was launched in 1934, and aircraft engines were added to the growing range of products at the beginning of the 1940s. In 1963, Volvo plant Volvo Halifax meeting, the first assembly plant in the company’s history outside Sweden in Halifax, Nova Scotia, Canada. In 1999, blocked the European Union a merger with Scania AB. In the same year, Volvo Group sold its car division Volvo Car Corporation Ford Motor Company for $ 6.45 billion.
The section is placed within Ford’s Premier Automotive Group with Jaguar, Land Rover, and Aston Martin. Volvo resources and components engineering will be used in various Ford, Land Rover, and Aston Martin products, with the second generation Land Rover Freelander designed on the same platform as the second-generation S80. The Volvo T5 petrol engine used in the Ford Focus ST and RS performance models and Volvo’s satellite navigation system is used on some Aston Martin Vanquish, DB9 and V8 Vantage models. Ford sold Volvo Car Corporation in 2010 to Geely Automobile of China for $1800000000. The move followed Ford’s 2007 sale of Aston Martin, and 2008 sales of Jaguar Land Rover.
Volvo Other Business
Mack Trucks (light-duty trucks for close distribution and heavy trucks for long distance transport)
Renault Trucks (heavy trucks for local transport and heavy trucks for the construction segment)
SDLG (Shandong Lingong Construction Machinery Co., Ltd., China)
UD Trucks (midsize-duty trucks)
Volvo Buses (complete buses and bus chassis for city traffic, line traffic, and tourist traffic)
VE Commercial Vehicles Ltd. (VECV), 50:50 joint venture between the Volvo Group and Eicher Motors Limited
Volvo Construction Equipment (construction machines) (previously Volvo BM, see also AB Bolinder-Munktell)
Volvo Financial Services (finance client, inter-group banking, as real estate administration)
Volvo Information Technology
Volvo Penta (marine engine systems for leisure boats and commercial shipping, diesel engines and drive systems for industrial applications)
Volvo Trucks (midsize-duty trucks for local transport and heavy trucks for long distance transport, as well as heavy-duty trucks for the construction segment)
Volvo Trademark Holding AB is equally owned by AB Volvo and Volvo Car Corporation. The main activity of the company is to own, maintain, protect and preserve the Volvo trademarks (including Volvo, the Volvo device marks (grille slash & iron mark) Volvo Aero, and Volvo Penta) on behalf of its owners and to license these rights to its owners. The day-to-day work is focused on maintaining the global portfolio of trademark registrations and to extend sufficiently the scope of the registered protection for the Volvo trademarks. The main business is also to act against unauthorised registration and use of trademarks identical or similar to the Volvo trademarks on a global basis.
Eicher (50:50 joint venture with Eicher Motors, India)
SDLG (Shandong Lingong, China)
Volvo Construction Equipment
Volvo Financial Services