Volvo Cars

Story

Volvo Cars, stylized as VOLVO in the logo, is a Swedish vehicle manufacturer established in 1927 and headquartered on Hisingen, in Gothenburg. As of 2016, 61.4% of its 31,416 worldwide employees were still in Sweden.Although often conflated with the Swedish-owned heavy truck and construction equipment conglomerate AB Volvo, also based in Gothenburg, the two firms have been independent since AB Volvo sold Volvo Cars to Ford Motor Company in 1999. Volvo Cars has been owned since 2010 by the Geely Holding Group, a Chinese multinational automotive manufacturing company. Both AB Volvo and Volvo Cars share the Volvo logo and cooperate in running the Volvo Museum.Volvo Cars was founded as a subsidiary of the ball bearing manufacturer SKF. When AB Volvo was introduced on the Stockholm stock exchange in 1935, SKF sold most of the shares in the company.Volvo Cars manufactures and markets sport utility vehicles, station wagons, sedans and compact executive sedans. With approximately 2,300 local dealers from around 100 national sales companies worldwide, Volvo Cars' largest markets are China, the United States, Sweden, and the other countries in the European Union.