Who is the owner of Volvo?
2018 operating profit (bnSEK) Volvo Car Group (Volvo Cars) is owned by Zhejiang Geely Holding (Geely Holding) of China.
What is the group structure of Volvo?
Our group structure comprises Volvo Cars and related businesses: car subscription service Care by Volvo, mobility company M, electric performance arm Polestar as well as sizeable stakes in new Chinese car brand LYNK & CO and software company Zenuity.
Is Volvo owned by Geely?
Volvo Car Group (Volvo Cars) is owned by Zhejiang Geely Holding (Geely Holding) of China. Our group structure comprises Volvo Cars and related businesses: car subscription service Care by Volvo, mobility company M, electric performance arm Polestar as well as sizeable stakes in new Chinese car brand LYNK & CO and software company Zenuity.
What is volvolvo cars?
Volvo Cars aims to become a global and diversified mobility service provider. This means new models of car ownership and access, and new attractive services whenever and wherever customers want it.
Since 2010 it has been owned by the Chinese multinational automotive company Geely Holding Group. Both AB Volvo and Volvo Cars share the Volvo logo and cooperate in running the Volvo Museum in Sweden.
What does Volvo do for a living?
While its core activity is the production, distribution and sale of trucks, buses and construction equipment, Volvo also supplies marine and industrial drive systems and financial services. In 2016, it was the world’s second largest manufacturer of heavy-duty trucks.
What happened to Volvo Construction Equipment rents?
In December 2013, Volvo sold its Volvo Construction Equipment Rents division to Platinum Equity. In 2014, Volvo’s Volvo Construction Equipment acquired the haul truck manufacturing division of Terex Corporation, which included five truck models and a manufacturing facility in Motherwell, Scotland.
What happened to the government sales division of Volvo?
In November 2016, Volvo announced its intention of divesting its Government Sales division, made up mainly of Renault Trucks’ Renault Trucks Defense but also of Panhard, ACMAT, Mack Defense in the United States, and Volvo Defense.
When was the first Volvo made?
Volvo was established in 1915 as a subsidiary of SKF, a ball bearing manufacturer; however both the Volvo Group and Volvo Cars regard the rollout of the company’s first car series, the Volvo ÖV 4, on 14 April 1927, as their beginning. The building remains ( 57°42′50″N 11°55′19″E
What does Volvo stand for?
The Volvo Group ( Swedish: Volvokoncernen; legally Aktiebolaget Volvo, shortened to AB Volvo) (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 also supplies marine…
Why buy at Leavens Volvo Cars London?
At Leavens Volvo Cars L… Welcome to Leavens Volvo Cars London, your dealer of choice for the purchase, maintenance, and genuine parts and accessories in London. Since we first opened our doors, we have proudly represented the Volvo brand with a dedicated team of sales representatives who are truly passionate about the Swedish brand.