Volvo

Aktiebolaget Volvo ([ˈakːsɪɛbʊˌlɑːɡɛt ˈvɔlːvʊ]; shortened to AB Volvo [ˈoːˈbeː ˈvɔlːvʊ]), doing business as Volvo Group (Swedish: Volvokoncernen, pronounced [ˈvɔlːvʊkɔnˌsæːɳɛn]; stylized as VOLVO) is a Swedish multinational manufacturing corporation headquartered in Gothenburg. While its core activity is the production, distribution and sale of trucks, buses and construction equipment, Volvo also supplies marine and industrial drive systems and financial services. In 2016, it was the world's second-largest manufacturer of heavy-duty trucks through its subsidiary Volvo Trucks. Volvo was founded in 1927. Initially involved in the automobile industry, Volvo expanded into other manufacturing sectors throughout the twentieth century. Automobile manufacturer Volvo Cars, also based in Gothenburg, was part of AB Volvo until 1999, when it was sold to the Ford Motor Company. Since 2010 Volvo Cars has been owned by the automotive company Geely Holding Group. Both AB Volvo and Volvo Cars share the Volvo logo and cooperate in running the World of Volvo museum in Gothenburg, Sweden. The corporation was first listed on the Stockholm Stock Exchange in 1935, and was listed on the American NASDAQ from 1985 to 2007. Volvo is one of Sweden's largest companies by market capitalisation and revenue.