Volvo
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Volvo means "I roll" in Latin
Volvo means "I roll" in Latin
Aktiebolaget Volvo is a Swedish multinational manufacturing company headquartered in Gothenburg, Sweden. Its principal activity is the production, distribution and sale of trucks, buses, and construction equipment. Volvo also supplies marine and industrial drive systems, and provides financial services. Although Volvo was established in 1915 as a subsidiary of AB SKF, a Swedish ball bearing manufacturer, the auto manufacturer considers itself officially founded on 14 April 1927, when the first car, the Volvo ÖV 4 series, affectionately known as "Jakob", rolled out of the factory in Hisingen, Gothenburg.[2]
Volvo means "I roll" in Latin, conjugated from "volvere", in relation to ball bearing.
In 1999, Volvo sold its car division Volvo Cars to Ford Motor Company for $6.45 billion. The Volvo trademark was shared between AB Volvo, where it is used on heavy vehicles, and the unit of Ford, where it was used on cars. Volvo stopped posting profits in 2005,[vague] and in 2008, Ford decided to sell its interest in Volvo Cars.
In August 2010, Ford completed its sale of Volvo Cars to the Chinese motor manufacturer Geely Automobile (Zhejiang Geely Holding Group) for $1.8 billion.[5][6]