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Volvo Cars

Volvo Cars

Volvo Cars is an automotive brand manufacturing subsidiary of geely founded in 1927 by SKF, Assar Gabrielsson and Gustaf Larson.

Swedish automotive company, manufacturer of passenger cars of the Volvo brand. Previously, Volvo Personvagnar was part of the Volvo concern. Since 1999, the company has been owned by Ford. Since 2010, the company has been owned by the Geely Automobile holding.

The word "Volvo" comes from the Latin language and was originally the slogan of the parent company - the famous SKF. Literally, the name can be translated as "I am spinning" or "I am spinning" (Latin Volv - torsion), but over time the "Swing" option settled down.

Headquarters - in the city of Gothenburg, Sweden. In 2015, 503,127 new Volvo cars were sold worldwide (an increase of 8.0% compared to 2014). For the first time in its history, Volvo Cars has crossed the milestone of 0.5 million cars sold. The largest markets are China (more than 81 thousand cars sold), Sweden (more than 71 thousand), the USA (more than 70 thousand), Great Britain, Germany. Best-selling model in 2015 - Volvo XC60

Timeline

March 26, 2019
Volvo Cars raises $677 million in second bond deal.

Products

Patents

Further Resources

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News

Title
Author
Date
Publisher
Description
Cliff Saran
July 20, 2021
ComputerWeekly.com
We speak to Volvo's head of software platform about the company's strategy to build a software-defined car
Aria Alamalhodaei
June 30, 2021
TechCrunch
Volvo Cars wants to completely electrify its lineup by 2030 and on Wednesday offered a glimpse into how it plans to get there and what its next generation of vehicles might look like. But it's not going to do it alone. Although the automaker plans on developing its own in-car operating system and other parts [...]
Neo4j
June 17, 2021
www.prnewswire.com:443
/PRNewswire/ -- Neo4jR, the leader in graph technology, announced today a Series F funding round as part of a $325 million investment led by Eurazeo (RF:PA)...
June 16, 2021
AP NEWS
RIDGEVILLE, S.C. (AP) -- Volvo Cars will invest $118 million into its plant in Ridgeville to build Polestar 3 electric vehicles with its affiliate, Polestar Cars, company officials announced Wednesday.
Aria Alamalhodaei
June 16, 2021
TechCrunch
Volvo Cars wants to be climate-neutral by 2040, and it has set its sights on a major vehicle component that's notoriously difficult to decarbonize: steel. The automaker has partnered with Swedish company SSAB, which manufactures "fossil-free" steel, for a limited amount of the material to be used in a concept car as early as 2025. [...]
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