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Volvo

This article is about the Volvo Group (AB Volvo). For the separate manufacturer of passenger automobiles, see Volvo Cars. For other uses, see Volvo (disambiguation).

AB Volvo
Company typeAktiebolag
Nasdaq Stockholm: VOLV A, Nasdaq Stockholm: VOLV B
ISINSE0000115446
IndustryAutomotive
Founded1927 (1927)
FoundersAssar Gabrielsson and Gustav Larson
HeadquartersGothenburg, Sweden
Area served
Worldwide
Key people
ProductsTrucks, buses, construction equipment, marine and industrial engines, customer financing, insurance and related services, product related services
Brands
RevenueIncrease 552.764 billion kr (2023)
Increase 66.784 billion kr (2023)
Increase 49.932 billion kr (2023)
Total assetsIncrease 674.068 billion kr (2023)
Total equityIncrease 180.739 billion kr (2023)
Owners
  • AB Industrivärden (9.1%; 27.9% votes)
  • Geely (6.8%; 15.5% votes)
Number of employees
Increase 104,000 (2023)
Subsidiaries
Websitewww.volvogroup.com
Footnotes / references
[1][note 1][2][3][4]

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.[5]

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.[6]

The corporation was first listed on the Stockholm Stock Exchange in 1935, and was on the NASDAQ indices from 1985 to 2007.[7] Volvo is one of Sweden's largest companies by market capitalisation and revenue.[8]

  1. ^ "Annual and Sustainability Report 2023" (PDF). AB Volvo. pp. 6, 57, 60–61, 81. Retrieved 5 March 2024.
  2. ^ "The foundations of Volvo Group". Volvo Group. 14 April 1927. Retrieved 12 December 2023.
  3. ^ "La historia de Volvo". Auto Bild España (in Spanish). 17 November 2013. Retrieved 12 December 2023.
  4. ^ "La historia de Volvo". Todas las noticias de coches (in Spanish). 23 February 2010. Retrieved 12 December 2023.
  5. ^ "Annual and Sustainability Report 2016" (PDF). Volvo. p. 1. Archived (PDF) from the original on 2 July 2017. Retrieved 8 June 2017.
  6. ^ "Home". Volvo Museum. Retrieved 28 October 2023.
  7. ^ "Volvo to quit Nasdaq". Toronto Star. 14 June 2007. Archived from the original on 20 October 2017. Retrieved 15 June 2017.
  8. ^ "Largest Swedish companies by market capitalization". companiesmarketcap.com. Retrieved 28 October 2023.


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