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Volvo The history of


The Volvo Group has its origin in 1927, when the first Volvo car rolled off the production line at the factory in Gothenburg. Only 280 cars were built that year. The first truck, the "Series 1"", debuted in January 1928, as an immediate success and attracted attention outside the country. In 1930, Volvo sold 639 cars, and the export of trucks to Europe started soon after. The first bus, named B1, was launched in 1934, and aircraft engines were added to the growing range of products at the beginning of the 1940s. In 1963, Volvo opened the Volvo Halifax Assembly plant, the first assembly plant in the company's history outside of Sweden in Halifax, Nova Scotia, Canada. In ’80-s Volvo introduced the Volvo 360 3_D, the 360 Saloon, the 760 Estate, 460 and 480. In 1999, the European Union blocked a merger with Scania AB. That same year, Volvo Group sold its car division Volvo Car Corporation to Ford Motor Company. Volvo engineering resources and components would be used in various Ford, Land Rover and Aston Martin products, with the second generation Land Rover Freelander designed on the same platform as the second generation Volvo S80. The Volvo T5 petrol engine was used in the Ford Focus ST and RS performance models, and Volvo's satellite navigation system was used on certain Aston Martin Vanquish, DB9 and V8 Vantage models. Ford sold the Volvo Car Corporation in 2010 to Geely Automobile of China. Renault Véhicules Industriels (which included Mack Trucks, but not Renault's stake in Irisbus) was sold to Volvo during January 2001, and Volvo renamed it Renault Trucks in 2002. Renault became AB Volvo's biggest shareholder with a 19.9% stake (in shares and voting rights) as part of the deal. Renault increased its shareholding to 21.7% by 2010. AB Volvo acquired 13% of the shares in the Japanese truck manufacturer UD Trucks (the former Nissan Diesel) from Nissan Motor Co Ltd (part of the Renault-Nissan Alliance) during 2006, becoming a major shareholder. In 2010’s Volvo introduced the Volvo S40, V50, C30, XC90."
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