Volvo

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The Volvo is a Swedish multinational company manufacturing and headquartered in Gothenburg, Sweden. The Volvo main activity is manufacturing, distribution and sale of trucks, buses and the construction equipment. Volvo also offers marine and industrial drive systems, and provides the financial services. Although the Volvo founded in 1915 as the subsidiary of AB SKF, a manufacturer Swedish ball bearing, the auto manufacturer considers it officially founded on 14 April 1927, when the first car, Volvo 4 series, affectionately known as “Jakob”, rolled out of the factory in Hisingen, Gothenburg.

The Volvo name originally registered in May 1911 as a separate company within SKF AB and as a registered trademark with the intention to be used for a special series of ball bearing. This idea was only used for the short period of time and SKF decided to use “SKF ‘as a symbol for all of its heavy products. In 1924, Essar Gabrielsson, SKF Sales Manager, and Gustav Larson Engineer, the two founders, decided to start the construction of the Swedish car. Their vision was to build cars that could withstand the rigors of Sweden’s rough roads and cold temperatures. The Volvo AB had no activities until 10 August 1926. After a year of preparations involving the production of ten prototypes, was set up to make the car-manufacturing business within the SKF group. The Volvo AB was introduced at the Stockholm Stock Exchange in 1935 and SKF then decided to sell its shares in the company. Volvo delisted in June 2007 from the Nasdaq, but will remain listed on the Exchange Stockholm.

In 1999, Volvo sold its car division Volvo Cars to Ford Motor Company for $ 6.45 billion. The Volvo trademark was shared between AB Volvo, which is used in the automotive and heavy, and the unit of Ford, where it was used on cars. Volvo took advantage of it to send in 2005, and in 2008, Ford decided to sell its interest in Volvo Cars.

In August 2010, Ford completed its sale of Volvo Cars of Chinese motor manufacturer Geely Automobile for $ 1.8 billion. 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 in the year. The first truck, the “Series 1”, debuted in January 1928, as an immediate success and the eyes of the outside world. In 1930, Volvo sold 639 cars, and trucks in Europe started soon after; the tank was not known outside Sweden until after World War II. Pentaverken, newly manufactured engines for Volvo, acquired in 1935, and the provision of safe food of engines and marine engine market.

The first bus, named B1, was launched in 1934, and aircraft engines were added to a growing range of products at the beginning of the 1940s. In 1963, the Volvo opened Volvo Halifax Council of plant, the first of the company’s assembly plant in history outside of Sweden in Halifax, Canada. In 1999, European Union blocked a merger with Scania AB.

Volvo Group sold its car division Volvo Car Corporation to Ford Motor Company for $ 6.45 billion by the middle of 2000, placed on the inside of the Premier Automotive Group alongside Jaguar, Aston Martin and Land Rover. Volvo engineering resources and were not used in the various parts of the products Ford, Land Rover and Aston Martin, with the second generation of the Land Rover Freelander is built on the same platform in the second generation Volvo S80. The Volvo T5 petrol engine used in the Ford Focus ST and RS models, satellite navigation system Volvo’s used on Aston Martin vanquish, DB9 and V8 o0 you. Volvo Trademark Holding AB is equally owned by AB Volvo and Volvo Car Corporation.

The company’s main activity is to own, maintain, protect and restore the Volvo trademarks on behalf of the owners and license the rights to its owners. Day-to-day work is focused on maintaining the position of the registration of the trademark and sufficient to extend the amount of the protection of registered trademarks and Volvo. Main business is also to act against unauthorized registration and use of similar trademarks or trade such as the Volvo.

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