The Volvo Group (Swedish: Volvokoncernen; legally Aktiebolaget Volvo, shortened to AB Volvo, stylized as VOLVO) is a Swedish multinational manufacturing corporation headquartered in Gothenburg. 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.Automobile manufacturer Volvo Cars, also based in Gothenburg, was part of AB Volvo until 1999, when it was sold to the Ford Motor Company. Since 2010 Volvo Cars 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.
The corporation was first listed on the Stockholm Stock Exchange in 1935, and was on the NASDAQ indices from 1985 to 2007.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).
1927Apr, 14
The first Volvo car premieres in Gothenburg, Sweden.
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Events on 1927
- 10Jan
Metropolis (1927 film)
Fritz Lang's futuristic film Metropolis is released in Germany. - 23Feb
Uncertainty principle
German theoretical physicist Werner Heisenberg writes a letter to fellow physicist Wolfgang Pauli, in which he describes his uncertainty principle for the first time. - 5May
Virginia Woolf
To the Lighthouse by Virginia Woolf is first published. - 27May
Ford Model T
The Ford Motor Company ceases manufacture of the Ford Model T and begins to retool plants to make the Ford Model A. - 26Jun
Coney Island
The Cyclone roller coaster opens on Coney Island.