Friday, August 29, 2014

A Quick History - Volvo

Volvo Logo
Volvo Logo
Volvo was created in 1927 by the Swedish ball bearing company, SFK. The name is Latin for “I roll”.
The first car was produced that year and the company continued to grow and open new plants around the world.

1927 Volvo PV4
1927 Volvo PV4
Volvo Group decided to sell their car division in 1999 to concentrate more on their commercial vehicles. Ford purchased the company. 

Volvo Commerical Trucks
Volvo Truck Commercial with Jean-Claude Van Damme

 Later, in 2008, Ford was experiencing tough times from the economic crisis. At first, even though Volvo was causing losses, they wanted to try to keep the company and restructure it. However, later that year, it became apparent that they would have to sell Volvo.

2008 Volvo C30 T5
2008 Volvo C30
Sweden at the time was very concerned about Volvo's future. With mounting layoffs, they wondered what would happen to their country's company if Ford declared bankruptcy. When Ford put it on the market, Sweden actually considered buying it for state ownership. There were many interested (rumored) buyers, but Geely Holding Group of China became the new owners of Volvo.

Click to see our 2011 Volvo S60
2011 Volvo S60 - Click to See!

Sources: Wikipedia,; Car,; Conceptcarz,,13470/1927-Volvo-PV4_photo.aspx; Car and Driver,;  Car Scoops,

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