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AB Volvo
TypePublic (OMXVOLV B)
IndustryCommercial vehicles
Founded1927 by SKF
HeadquartersGothenburg, Sweden
Area served
Key people
Finn Johnsson (Chairman of the board), Leif Johansson (President and CEO)
ProductsTrucks, buses, construction equipment, marine and industrial power systems, aerospace components, financial services
RevenueSEK 303,667 million (2008)[1]
Increase SEK 15,851 million (2008)[1]
Increase SEK 9,942 million (2008)[1]
Total assetsSEK 372,419 million (2008)[1]
Total equitySEK 84,640 million (2008)[1]
Number of employees
101,400 (2008)[1]

Volvo is a Swedish car and truck maker founded in 1927.

Ford bought the Volvo car company in 1999. In 2010 Geely bought the Volvo Car Company.

Today there are two companies. 1: Volvo Cars that produces standard size cars. 2: Volvo Group that produces trucks, boat engines, buses and more.

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 to Chinese car maker Geely for $1.8 billion.[2] Volvo cars has is making all of it's cars zero emission by the year 2030.[3]

Models[change | change source]

References[change | change source]

  1. 1.0 1.1 1.2 1.3 1.4 1.5 "Annual Report 2008" (PDF). Volvo AB. 2008. Archived from the original (PDF) on 2009-03-27. Retrieved 2009-03-10.
  2. Nordstrom, Louise. "Geely to buy Volvo from Ford for $1.8 billion". Retrieved 2010-03-29.[permanent dead link]
  3. Robert Lea (ed.). "Volvo float to power move to electric cars". The Times. ISSN 0140-0460. Retrieved 2022-04-09.