Volvo

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AB Volvo
TypePublic (OMXVOLV B)
IndustryCommercial vehicles
When it was created1927 by SKF
HeadquartersGothenburg, Sweden
Area servedWorldwide
Key peopleFinn Johnsson (Chairman of the board), Leif Johansson (President and CEO)
Things madeTrucks, buses, construction equipment, marine and industrial power systems, aerospace components, financial services
Money earnedSEK 303,667 million (2008)[1]
Operating incomeIncrease SEK 15,851 million (2008)[1]
ProfitIncrease SEK 9,942 million (2008)[1]
Total assetsSEK 372,419 million (2008)[1]
Total equitySEK 84,640 million (2008)[1]
Employees101,400 (2008)[1]
WebsiteVolvoGroup.com

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]

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. Retrieved 2009-03-10.
  2. Nordstrom, Louise. "Geely to buy Volvo from Ford for $1.8 billion". Retrieved 2010-03-29.

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