Volvo

Volvo is a Swedish car and truck maker founded in 1927. It has the following two divisions:

  • Volvo Cars (Swedish: Volvo personvagnar), which produces standard size cars, and was owned by the Ford Motor Company 1999 to 2010.
  • Volvo Group, which produces trucks, boat engines, buses and more.

AB Volvo
Company typeAktiebolag
OMX: VOLV B
ISINSE0000115446
IndustryAutomotive
Founded1927 (1927)
FoundersAssar Gabrielsson and Gustav Larson
HeadquartersGothenburg, Sweden
Area served
Worldwide
Key people
  • Carl-Henric Svanberg (Chairman)
  • Martin Lundstedt (President and CEO)
ProductsTrucks, buses, construction equipment, marine and industrial engines, customer financing, insurance and related services, product related services
Brands
  • Volvo, Volvo Penta, Rokbak, Renault Trucks, Prevost, Arquus, Nova Bus, Mack (group brands)
  • Eicher, Dongfeng Truck, SDLG, Milence, Cellcentric (partnership brands)
RevenueIncrease Template:SEK (2022)
Increase Template:SEK (2022)
Steady Template:SEK (2022)
Total assetsIncrease Template:SEK (2022)
Total equityIncrease Template:SEK (2022)
Owners
  • AB Industrivärden (8.9%; 27.8% votes)
  • Geely (8.2%; 16.0% votes)
Number of employees
Increase 102,155 (2022)
Subsidiaries
  • Volvo Trucks
  • Mack Trucks
  • Renault Trucks
  • Volvo Construction Equipment
  • Volvo Buses
  • Volvo Penta
  • Arquus
  • Volvo Financial Services
  • VE Commercial Vehicles Limited (50%)
Websitewww.volvogroup.com
Footnotes / references
[1][note 1]
Volvo 240

Volvo is now the leading producer in what most people would call safe family cars.

One of the Volvo's cars, the Volvo S60 is used by police departments in some parts of Europe and the United Kingdom.

In March 2010, Ford signed a deal to sell Volvo Cars to the Chinese automaker Geely for $1.8 billion.[2] Volvo cars has is making all of it's cars zero emission by the year 2030.[3]

Models

Notes
    1. It includes financial information attributable to both AB Volvo proper and its consolidated and non-consolidated affiliates (such as subsidiaries and joint ventures), collectively known as the Volvo Group.

    References
    1. "Annual and Sustainability Report 2022" (PDF). AB Volvo. pp. 4, 43, 46–47, 67. Retrieved 12 May 2023.
    2. Nordstrom, Louise. "Geely to buy Volvo from Ford for $1.8 billion". Retrieved 29 March 2010.
    3. Robert Lea (ed.). "Volvo float to power move to electric cars". The Times. ISSN 0140-0460. Retrieved 9 April 2022.


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