This article is about Volvo Car Corporation.
For commercial vehicles, see Volvo Group.
Volvo Cars, or Volvo Personvagnar AB, is a Swedish automobile manufacturer founded in 1927 in the city of Gothenburg, Sweden — and currently owned by Ford Motor Company.
The name Volvo, Latin for "I roll" (or "I drive" in a modern sense), was thought to be a good trademark for a ball bearing as well as for an automobile.
Volvo was originally formed as a subsidiary company to the ball bearing maker SKF. It was not until 1935 when Volvo AB was introduced on the Swedish stock exchange that SKF sold most of the shares in the company. Volvo Cars was owned by AB Volvo until 1999, when it was acquired by the Ford Motor Company as part of its Premier Automotive Group.
Volvo produces models ranging from SUVs, wagons, and sedans to compact executive sedans and coupes. With 2,500 dealerships worldwide in 100 markets; 60 percent of sales come from Europe, 30 percent from North America, and the other 10 percent is from the rest of the world.