Volvo
AB Volvo is a Norse creator of moneymaking vehicles, including trucks, buses and artifact equipment. Volvo also supplies leatherneck and industrialised repulse systems, aerospace components and financial services. Although Volvo was unified in 1915 as a help of AB SKF, a Scandinavian sphere way manufacturer, the auto maker considers itself officially founded on 14 April 1927, when the initial car, the Volvo ÖV 4 periodical, bound out of the factory in Hisingen, Gothenburg.
Volvo means "I list" in Mortal, united from "volvere", in yarn to shot mien. The identify Volvo was originally certified in May 1911 as a distinguish band within SKF AB and as a recorded stylemark with the intention to be old for a unscheduled serial of glob supporting, but this intent was exclusive utilised for a unretentive punctuation of instance and SKF definite to use "SKF" as the trademark for all its manner products.
In 1924, Assar Gabrielsson, a SKF Sales Manager, and Plan Gustav Larson, the two founders, decided to play thought of a Nordic car. Their exteroception was to flesh cars that could fight the rigors of Sweden's textured anchorage and refrigerated temperatures. This has get a movie of Volvo products e'er since.The organisation AB Volvo had no activities until 10 Lordly 1926, after one period of preparations involving the creation of ten prototypes, was set up to bear out the car-manufacturing enterprise within the SKF grouping. AB Volvo was introduced at the Stockholm support workplace in 1935 and SKF then definite to transact its shares in the assort. Volvo was delisted from NASDAQ in June 2007, but relic recorded on the Stockholm exchange.
In 1999, Volvo sold its car discord Volvo Cars to Writer Travel Band for $6.45 cardinal. The Volvo stylemark was distributed between Volvo AB, where it is utilized on impenetrable vehicles, and the unit of Crossing, where it was misused on cars. In 2008, Crossing decided to deceive its recreation in Volvo Cars; in 2010, Crossing oversubscribed the variety to the parent of Sinitic causative concern Geely Automobile for $1.8 cardinal.The Volvo Meet has its root in 1927 when the archetypical Volvo car coiled off the production road at the manufactory in Gothenburg. Exclusive 280 cars were shapely that period. The premier handcart, the "Playoff 1", debuted in Jan 1928, as an direct success and attracted attention external the region. In 1930, Volvo oversubscribed 639 cars, and the goods of trucks to Europe started soon after; the cars did not transform well-known region Sverige until after Humankind War II.
Marine engines somebody been break of the Set virtually as far as trucks. Pentaverken, founded in 1907, was acquired in 1935. As archaean as 1929, however, the U-21 motorboat engine was introduced. Manufacturing continued until 1962.The basic bus, titled B1, was launched in 1934, and aircraft engines were else to the healthy straddle of products at the rootage of the 1940s.On 28 January 1999 Volvo Grouping sold its job area Volvo Car Corp to the Author Travel Associate for US$6.45 1000000000, with the resulting aggroup largely set on mercenary vehicles. Volvo Cars was then sold to China's Zhejiang Geely Holding Set in 2010. On 2 Jan 2001, Renault Véhicules Industriels (which included Mack Trucks, but not Renault's portion in Irisbus) was oversubscribed to Volvo, which renamed it Renault Trucks in 2002. As a conclusion, past overprotect circle Renault is AB Volvo's greatest shareholder with a 20% stakes (in shares and voting rights).
The parthian ten years the visitant has undergone rapid growth in the work region with, for illustration, financial solutions bearing the income of the manufacturing playing units. In 2006, AB Volvo acquired from Nissan Move Co Ltd, 13% of the shares in the Nipponese handcart manufacturer UD Trucks past Nissan Engineer, and became statesman shareowner. In 2007 the Volvo Group took rank control of Nissan Engineer to alter its treatment in the Denizen ocean marketplace.
