The Volvo Group is a Swedish multinational assembling organization headquartered in Gothenburg. While its center movement is the creation, circulation and offer of trucks, transports and development gear, Volvo likewise supplies marine and modern drive frameworks and money related administrations.
In 2016, it was the world’s second biggest maker of overwhelming obligation trucks.
Albeit frequently conflated with the extravagance vehicle maker Volvo Cars, likewise situated in Gothenburg, the two firms have been free since AB Volvo sold Volvo Cars to Ford Motor Company in 1999. Since 2010, Volvo Cars has been claimed by the Geely Holding Group, a Chinese multinational car fabricating organization. Both AB Volvo and Volvo Cars share the Volvo logo and coordinate in running the Volvo Museum.
The organization initially recorded on the Stockholm Stock Exchange in 1935 and it was additionally recorded on other NASDAQ files from 1985 to June 2007.
Volvo was set up in 1915 as a backup of SKF, the metal ball producer; however the Volvo Group and Volvo Cars view themselves as to have been authoritatively established on 14 April 1927, when the primary auto, the Volvo ÖV 4 arrangement, nicknamed as “Jakob”, took off of the plant in Hisingen, Gothenburg. The building stays (57°42′50″N 11°55′19″E).
Stomach muscle Volvo started exercises on 10 August 1926. Following one year of arrangements including the creation of ten models, the firm was prepared to begin the auto fabricating business inside the SKF gathering. The Volvo Group itself thinks of it as began in 1927, when the primary Volvo auto moved off the creation line at the manufacturing plant in Gothenburg. Only 280 autos were fabricated that year. The main truck, the “Arrangement 1”, appeared in January 1928, as a prompt achievement and pulled in consideration outside the country. In 1930, Volvo sold 639 cars, and the fare of trucks to Europe began before long; the autos did not turn out to be notable outside Sweden until after World War II. AB Volvo was presented at the Stockholm Stock Exchange in 1935 and SKF at that point chose to offer its offers in the organization. By 1942, Volvo gained the Swedish exactness building organization Svenska Flygmotor.
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