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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 ...
Volvo Group – a manufacturer of trucks, buses and construction equipment (among others) owned by Swedish interests; Volvo Car Group or Volvo Cars – a manufacturer of automobiles owned by Ford Motor Company; Volvo Group completed its 5% deal with Mitsubishi in November 1999, but sold its stake back to Mitsubishi Heavy Industries in March ...
In March 2020, Li was in talks to merge Volvo with Geely in a move to create a global automaker. Both Volvo and Geely were owned by Li's investment fund Zhejiang Geely Holding Group, but operated as separate entities. [10] In September 2022, Shufu's group acquired a 7.6% stake in Aston Martin. [11]
Volvo Trucks (Swedish: Volvo Lastvagnar) is a truck manufacturing division of Volvo based in Gothenburg, Sweden. Volvo Trucks was a separate company within Volvo. The Volvo Group was reorganised on 1 January 2012 and as a part of the process, Volvo Trucks ceased to be a separate company and was instead incorporated into Volvo Group Trucks along ...
Volvo Group (6.8% stake) In 2017, Geely acquired an 8.2% stake of Volvo AB, which is also about 15% of votes. [130] [131] In January 2024, Geely announced to reduce its holdings in Volvo Group by 685 million USD. The stake has been lowered from 8.2% to 6.8%. Despite the reduction, Geely remains the second-largest shareholder in Volvo Group. [132]
Zhejiang Geely Holding Group also owns the Swedish carmaker Volvo. In September, Volvo scrapped its plans to only sell electric cars by 2030. Both Geely Auto and Volvo own stakes in Polestar, ...
Polestar's showroom in Oslo, Norway. In October 2017, Volvo Cars and Geely Holding announced that Polestar would become a standalone brand focusing on electric cars. [27] The brand introduced the Polestar 1 on 17 October 2017, a 2+2 coupé inspired by Volvo's Concept Coupé introduced in 2013, which includes influences from the Volvo P1800.
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