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On 28 March 2010, Ford sold Volvo Cars at a loss to Geely Holding for $1.8 billion; the deal closed in August 2010. [4] [5] Volvo Cars was publicly listed on the Nasdaq Stockholm stock exchange in 2021, though Geely Holding still retains majority ownership. Volvo Cars and AB Volvo share the Volvo logo, and cooperate in running the Volvo Museum.
Volvo Cars—the motor vehicle manufacturer of Sweden. Owned by the Swedish Volvo Group (1927−1999), American Ford Motor Company (1999−2010), and Chinese Zhejiang Geely Holding Group (2010−present).
The first Volvo car, a Volvo ÖV 4, left the assembly line on 14 April 1927. The brand name Volvo was originally registered as a trademark in May 1911, with the intention to be used for a new series of SKF ball bearings. It means "I roll" in Latin, conjugated from "volvere". The idea was short-lived, and SKF decided to simply use its initials ...
Volvo, owned by China’s Geely, reported deliveries surged in 2023 to 708K cars, resulting in SEK 399.3 billion ($38.37 billion) in revenue, a 21% jump from a year ago.
Try This: 5 New 2025 Car Models That Last Longer Than You Think and Are Worth the Money. Volvo XC90. Baseline price: $57,400. A luxury SUV, Fix said the Volvo XC90, as it had a huge price drop ...
Volvo XC60 Plug-in Hybrid. With a shaky CR reliability score of 21 out of 100 for its 2024 model, Volvo’s 2025 mid-size hybrid SUV has garnered impressive reviews from the industry’s heavy ...
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