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Volvo

  • Type: Aktiebolag
  • Industry: Automotive
  • Founded:1927
  • Founders: Assar Gabrielsson and Gustav Larson
  • Headquarters: Gothenburg, Sweden
  • Area served: Worldwide
  • Key people: Carl-Henric Svanberg (Chairman), Martin Lundstedt (President and CEO)
  • Products: Trucks, buses, construction equipment, marine and industrial engines, customer financing, insurance and related services, product related services
  • Brands: Volvo, Volvo Penta, Rokbak, Renault Trucks, Prevost, Arquus, Nova Bus, Mack (group brands), Eicher, Dongfeng Truck, SDLG, Milence, Cellcentric (partnership brands)
  • Owners: AB Industrivärden (8.9%; 27.8% votes), Geely (8.2%; 16.0% votes)
  • Website: www.volvogroup.com

Volvo, a Swedish automobile manufacturer, has been synonymous with safety, innovation, and sustainability since its inception in 1927. Founded by Assar Gabrielsson and Gustaf Larson, Volvo has consistently prioritized the well-being of its customers and the environment. Volvo was established in Gothenburg, Sweden, with the production of its first vehicle, the ÖV 4, also known as "Jakob." Initially, Volvo manufactured both automobiles and industrial equipment, later branching into aerospace and marine sectors. In 1999, Ford Motor Company acquired Volvo Cars, and in 2010, it was sold to the Chinese automotive company Geely, which currently owns the brand.

Volvo has produced numerous vehicles that have become iconic in their own right. Throughout its history, Volvo has been at the forefront of automotive safety. In addition to the invention of the three-point seatbelt, the company has developed numerous safety features and technologies. Volvo has long been committed to sustainability and reducing the environmental impact of its vehicles. In recent years, this commitment has become even more pronounced, with the company focusing on electrification and reducing its carbon footprint.

In 2019, Volvo introduced its first fully electric vehicle, the XC40 Recharge. The company has since expanded its electrified lineup with plug-in hybrid versions of many of its popular models, such as the S60, V60, XC60, and XC90. Volvo has set an ambitious goal of making all-electric vehicles account for 50% of its global sales by 2025, with the rest being hybrids.