The Volvo history Group  (stylized as VOLVO) is a Swedish multinational manufacturing company headquartered in Gothenburg. While its core activity is the production, distribution and sale of trucks, buses and construction equipment,

Volvo History

The Volvo Group has its origin in 1927, when the first Volvo car rolled off the production line at the factory in Gothenburg. Only 280 cars were built that year. The first truck, the Series 1, debuted in January 1928, as an immediate success and attracted attention outside the country. In 1930, Volvo sold 639 cars, and the export of trucks to Europe started soon after; the cars did not become well-known outside Sweden until after World War II.

In 1999, the European Union blocked a merger with Scania AB. That same year, Volvo Group sold its car division Volvo Car Corporation to Ford Motor Company for $6.45 billion. The division was placed within Ford’s Premier Automotive Group alongside Jaguar, Land Rover and Aston Martin. Volvo engineering resources and components would be used in various Ford, Land Rover and Aston Martin products, with the second generation Land Rover Freelander designed on the same platform as the second generation Volvo S80. The Volvo T5 petrol engine was used in the Ford Focus ST and RS performance models, and Volvo’s satellite navigation system was used on certain Aston Martin Vanquish, DB9 and V8 Vantage models.

Renault sold 14.9% of their stake in AB Volvo in October 2010 (comprising 14.9% of the share capital and 3.8% of the voting rights) for €3.02bn. This share sale left Renault with around 17.5% of Volvo’s voting rights. Renault sold their remaining shares in December 2012 (comprising 6.5% of the share capital and 17.2% of the voting rights at the time of transaction) for €1.6bn, leaving Swedish industrial investment group Aktiebolaget Industrivärden as the largest shareholder, with 6.2% of the share capital and 18.7% of the voting rights.

Remember that before you buy, check the history of the vehicle. You do this by typing the VIN Number Volvo below:

Source:  https://en.wikipedia.org