The History of Volvo Car: A Swedish Automobile Manufacturer
Volvo automotive Corporation or AB Volvo is a Swedish premium automobile manufacturer, headquartered in Goteborg and it owned by Zhejiang Geely Holding cluster of China. AB Volvo is a world-leading Swedish manufacturer of economic vehicles, trucks, buses and construction instrumentation, drive systems for marine and industrial applications and monetary services. However, it did begin out as an automaker supported by Assar Gabrielsson and Gustaf Larsson.
Volvo automotive Corporation was supported in 1927 originally as a subsidiary to the ball bearing maker SKF. Once Volvo AB was introduced on the Swedish exchange in 1935, SKF sold-out most of the shares within the company. Volvo Cars was in hand by AB Volvo till 1999, once it absolutely was owned by the Ford Motor Company as a part of its Premier Automotive cluster. Geely Holding cluster then acquired Volvo Cars from Ford in 2010. Volvo Cars manufactures and markets machine vehicles, station wagons, sedans, compact executive sedans and coupes. Volvo Cars’ largest markets are in the U.S., Sweden, China and Belgium.
The first series created Volvo automobile referred to as ‘ÖV4’ left the plant on fourteen April 1927. Simply 996 cars were created between1927-1929. ‘ÖV4’ was replaced by model PV651 in April 1929. Its success on the market helped Volvo purchase their engine manufacturer and so become a heavy automotive producer. By 1931, it was already returning its initial dividend to shareholders.
The Second World War considerably restricted Volvo’s production of cars, however, by the time of 1944 the corporate had unveiled one amongst its most vital cars – the PV444. Volvo’s initial “true” little automotive, its fashionable style combined American aptitude with European size and it was an instant success. The PV444 and also the PV544 would dominate Volvo production through to the middle 1960’s and be the primary models to realize Volvo a slice of the necessary U.S. market throughout the 1950’s. Another stylish model was the Volvo 120 introduced in 1956. Volvo’s initial sports automotive were the P1800, showed in 1960, thought-about to be a wonderful automobile with its sleek machine lines. Safety and quality were still predominant for Volvo and that is why the 240 series that replaced the 140 had even additional safety innovations therein department. In conjunction with the smaller 340 models, they might work most of the sales throughout the 70s and 80s for Volvo.
A completely new and totally different Volvo was launched to the globe in June 1991. The Volvo 850 was Volvo’s initial front wheel drive executive automotive, with a crosswise, five-cylinder engine. This forced the corporate to hunt new promoting ways and that is however the sleeker S40 and V40 models were introduced within the factory’s assembly line. With the Volvo S80 sedan of 1998 and also the V70 wagon of 1999, all of this new engineering and style was brought along during a cars that each Gustaf Larson and Assar Gabrielson would have recognized as Volvo’s that described their needs for safe, quality product, however which will hold a fascination and want for purchasers in today’s refined automotive market.
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