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The Volvo Group is a Swedish multinational production company with headquarters in Gothenburg. The main activity is the production, distribution and sale of trucks, buses and construction equipment, as well as the supply of ship and industrial power plants and financial services. In 2016, it is the world’s second largest heavy-duty trucks maker.
Headquarters: Gothenburg, Sweden
CEO: Martin Lundstedt (22 Oct 2015–)
Founded: 14 April 1927, Hisingen, Gothenburg, Sweden
Subsidiaries: Volvo Trucks, Mack Trucks, Renault Trucks
Founders: Gustaf Larson, Assar Gabrielsson
Automobile manufacturer Volvo Cars, also based in Gothenburg, was part of AB Volvo until 1999, when it was sold to Ford Motor Company. Since 2010, it has been owned by Geely Holding, the world’s largest car manufacturer. AB Volvo and Volvo Cars have the Volvo logo and collaborate in running the Volvo Museum in Sweden.
Volvo was founded in 1915 as a subsidiary of SKF, a manufacturer of ball bearings; Nevertheless, both the Volvo Group and Volvo Cars are considering launching the first car series, the Volvo ÖV 4, on 14 April 1927, as their beginning.
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