Volvo
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 with its subsidiary Volvo Trucks.
| Company type | Aktiebolag |
|---|---|
| Nasdaq Stockholm: VOLV B | |
| ISIN | SE0000115446 |
| Industry | Automotive |
| Founded | 1927 |
| Founders | Assar Gabrielsson and Gustav Larson |
| Headquarters | Gothenburg, Sweden |
Area served | Worldwide |
Key people |
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| Products | Trucks, buses, construction equipment, marine and industrial engines, customer financing, insurance and related services, product related services |
| Brands |
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| Revenue | 473.479 billion kr (2022) |
| 45.712 billion kr (2022) | |
| 32.969 billion kr (2022) | |
| Total assets | 629.064 billion kr (2022) |
| Total equity | 166.236 billion kr (2022) |
| Owners |
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Number of employees | 102,155 (2022) |
| Subsidiaries |
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| Website | www |
| Footnotes / references | |
Volvo was founded in 1927. Initially involved in the automobile industry, Volvo expanded into other manufacturing sectors throughout the twentieth century. 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 automotive company Geely Holding Group. Both AB Volvo and Volvo Cars share the Volvo logo and cooperate in running the Volvo Museum in Gothenburg, Sweden.
The corporation was first listed on the Stockholm Stock Exchange in 1935, and was on the NASDAQ indices from 1985 to 2007. Volvo is one of Sweden's largest companies by market capitalisation and revenue.