The Volvo Group (English: Volvo), a Swedish company that today produces passenger cars, trucks, buses, construction equipment, yachts and industrial engines, was founded in Gothenburg in 1927. The word Volvo is originally Latin and its original meaning is "rolling forward".
Volvo started out by producing cars. Its founders, Swedes Gustaf Larson and Assar Gabrielsson, originally worked for well-known Swedish companies. Ball bearing manufacturing.
Founders: Gustav Larsson and Asa Gebrsson of SKF, of which Larsson is an engineer and Gebrsson is an international marketing department manager with a background in economics. . Because of their forward-looking and passion for cars.
Working together, they successfully persuaded SKF’s board of directors in September 1925 to borrow the company’s factory in Torslanda for the assembly of trial vehicles, and on August 10, 1926 Get authorization.
Officially started mass production of new cars. Volvo's first product was the Volvo & Ouml V4 convertible, which was launched on April 14, 1927.
Due to its excellent sales performance and growing scale, Volvo officially separated from its parent company SKF in 1935 and continued to operate independently as Volvo Company. Until 1998, Volvo Cars was owned by Volvo Corporation (Volvo?[4]?). In addition to passenger cars, the company is also a world-renowned commercial vehicle manufacturer. Its products also include aerospace, aviation equipment and Various machinery.
Subsidiary brands:
1. Penta
The trademark "Penta" has a history of nearly 100 years. Volvo Penta is also the world's leading supplier of engines and power systems for marine and industrial applications. Its main businesses include yacht engines, commercial marine engines and industrial engines.
2. UD
UD brands include UD trucks and UD buses. UD Trucks was established in Japan in 1935. It mainly produces and operates light, medium and heavy-duty trucks. Its products are sold in Japan, Asia and other growing markets around the world. UD Bus is a new business launched in 2014, also targeting the growth market. Its products include city buses and long-distance buses.
3. Renault Trucks
The Renault Trucks in Mr. Martin’s photo has been committed to providing customers with commercial vehicles suitable for different scenarios since 1894. The fire trucks it produces help firefighters around the world conquer fires and ensure people's safety.
4. Terex Trucks
Terex trucks can be seen in the mining industry, quarries and infrastructure construction and other fields around the world. Whether it’s the Arctic or the desert, Terex trucks can handle the challenges of extreme environments and complete transportation tasks.
5. Prevost
Prevost, located in North America, is determined to pursue product quality and innovation. With endless pursuit of details, Prevost provides customers with high-end buses, RVs, and special-purpose modified buses.
Extended information
In the entire Volvo Group, except for the automobile sector acquired by Geely, Volvo actually has greater influence and profitability in the commercial vehicle field than in the pure sedan field. Much stronger.
The truck business of the Volvo Group involves the development, manufacturing and sales of various medium- and heavy-duty trucks (including Volvo, Mark, Renault and other truck brands). Its truck products are active and passive safety, autonomous driving , dynamic steering, remote control driving and other fields of research lead the world.
In addition, Volvo Bus Company is one of the world's largest manufacturers of buses and coach chassis, Volvo Engineering Equipment is a world-renowned construction equipment manufacturer, and Volvo Penta is the world's leading marine and industrial manufacturer. A manufacturer of engines and complete power systems, Volvo also has a dedicated Volvo Financial Services Company.
In 2017, the Volvo Group’s sales were 334 billion Swedish kronor (approximately 266.1 billion yuan), and its net profit was as high as 21 billion Swedish kronor (16.7 billion yuan), which was the Volvo Group’s highest profit in recent years, but it brought It is not the Volvo car segment that is highly profitable, but the operating profits of Volvo trucks, construction equipment, finance and other business branches have all reached record highs.