Volvo Group was founded in the year 1927 in Sweden. Since the year 2010, Volvo is owned by Geely Holding Group which is a Chinese multinational conglomerate, headquartered in Hangzhou in China. Geely Holding Group was launched in 1997 and currently holds 15 other vehicle manufacturers, apart from Volvo. Volvo designs,, manufactures and sells cars, trucks, buses, construction equipment and industrial and marine drive systems.
Volvo Company Details
| Headquarters | Gothenburg, Sweden |
| Founding Year | 1927 |
| Founders | Assar Gabrielsson and Gustav Larson |
| Industry | Automotive |
| Products | Cars, trucks, buses, construction equipment, marine and industrial engines, insurance and related services, customer financing |
| Brands | Volvo Cars, Volvo Penta, Renault Trucks, Arquus, Prevost, Nova Bus, Dongfeng Truck Eicher, SDLG |
| Areas Served | Worldwide |
Products
Volvo range of cars include wagons, sedans and SUVs. Some of the models of Volvo cars in various categories include Volvo S90, Volvo V90, Volvo XC60, Volvo V60, Volvo V60 II and Volvo EX 90. Volvo Cars, the automobile division of Volvo, was purchased by Ford in the year 1999. Ford sold Volvo Cars to Geely Holding Group in the year 2010. Volvo Cars was listed on the Nasdaq Stockholm stock exchange in 2022, however Geely Holding Group holds the majority stakes.
Volvo Trucks produces and sells over 190,000 units annually. Some of the models of Volvo trucks are Volvo FM, Volvo FE, Volvo FH, Volvo FH16, Volvo FX, Volvo VNR and Volvo VM. Construction equipment range by Volvo include hydraulic excavators, wheel loaders, compactors, pavers, milling machines and backhoe loaders.
Volvo Buses is one of the largest manufacturer of buses in the world with a complete range of heavy buses and coaches in its product range. Volvo Penta manufactures and sells marine engine systems for leisure boats and commercial ships.
Operations
Volvo has production facilities in 19 countries along with independent assemblers of Volvo products in 10 countries. Prominent countries where its facilities are located include Sweden, China, India, Australia and USA.
Conclusion
Volvo uses high-tech safety systems and standard equipment in its cars and other vehicles. Its reputation is based on solidity and reliability. The company collaborates with many top universities of the world for research and development.
Brandon is the cheif editor and writer at WorldUnfolds.com. With a passion for storytelling and a keen editorial eye, he crafts engaging content that captivates and enlightens readers worldwide.
