Volvo Cars

About Volvo Cars

Volvo Car AB (Swedish: [ˈvɔlːvʊ kɑːr oːˈbeː]), trading as Volvo Cars (Swedish: Volvo personvagnar, pronounced [ˈvɔlːvʊ pæˈʂuːnˌvɑŋːnar]; styled VOLVO in the company's logo), is a Swedish multinational manufacturer of luxury vehicles. Volvo is headquartered in Torslanda, Gothenburg. The company manufactures SUVs, station wagons, and sedans. The company's main marketing revolves around safety and its Swedish heritage and design. Volvo Cars has been separate from its former parent conglomerate and producer of heavy trucks, buses, and construction equipment (among others) AB Volvo since 1999 when AB Volvo sold its automobile division Volvo Cars to the Ford Motor Company for US$6.47 billion. On 28 March 2010, Ford sold Volvo Cars at a loss to Geely Holding for $1.8 billion; the deal closed in August 2010. Volvo Cars was publicly listed on the Nasdaq Stockholm stock exchange in 2021, though Geely Holding still retains majority ownership.