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).

Volvo is a Swedish car and truck maker founded in 1927. It has two parts:

• Volvo Cars (Swedish: Volvo personvagnar), which produces standard size cars, and was owned by the Ford Motor Company 1999 to 2010.
• Volvo Group, which produces trucks, boat engines, buses and more.

AB Volvo

Company type	Aktiebolag
Traded as	OMX: VOLV B
ISIN	SE0000115446
Industry	Automotive
Founded	1927; 98 years ago (1927)
Founders	Assar Gabrielsson and Gustav Larson
Headquarters	Gothenburg, Sweden
Area served	Worldwide
Key people	Carl-Henric Svanberg (Chairman) Martin Lundstedt (President and CEO)
Products	Trucks, buses, construction equipment, marine and industrial engines, customer financing, insurance and related services, product related services
Brands	Volvo, Volvo Penta, Rokbak, Renault Trucks, Prevost, Arquus, Nova Bus, Mack (group brands) Eicher, Dongfeng Truck, SDLG, Milence, Cellcentric (partnership brands)
Revenue	473.479 billion kr (2022)
Operating income	45.712 billion kr (2022)
Net income	32.969 billion kr (2022)
Total assets	629.064 billion kr (2022)
Total equity	166.236 billion kr (2022)
Owners	AB Industrivärden (8.9%; 27.8% votes) Geely (8.2%; 16.0% votes)
Number of employees	102,155 (2022)
Subsidiaries	Volvo Trucks Mack Trucks Renault Trucks Volvo Construction Equipment Volvo Buses Volvo Penta Arquus Volvo Financial Services VE Commercial Vehicles Limited (50%)
Website	www.volvogroup.com
Footnotes / references [1][note 1]

Volvo 240

Volvo is now the leading producer in what most people would call safe family cars.

One of the Volvo's cars, the Volvo S60 is used by police departments in some parts of Europe and the United Kingdom.

In March 2010, Ford signed a deal to sell Volvo Cars to the Chinese automaker Geely for $1.8 billion.^[2] Volvo cars has is making all of it's cars zero emission by the year 2030.^[3]

Models

• Volvo C30
• Volvo S60
• Volvo S80
• Volvo V70
• Volvo S60
• Volvo S40
• Volvo V50
• Volvo V40
• Volvo FH
• Volvo XC40
• Volvo XC90

Notes

1. It includes financial information attributable to both AB Volvo proper and its consolidated and non-consolidated affiliates (such as subsidiaries and joint ventures), collectively known as the Volvo Group.