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Volvo or the Volvo Group is a Swedish public company that manufactures trucks, buses, construction equipment and formerly, cars. The sub-company Volvo Cars was sold to a Chinese company in August 2010, for a value of $1.8 billion. Volvo was formerly Sweden's largest car manufacturing company and Volvo-produced cars are the most common automobiles in the country, and even one of the most used in the world. Cars manufactured by Volvo are renowned for having a very small number of accidentally caused deaths, compared to foreign-produced cars. 11 December 2010

Volvo Group
VOLVO symbol
The VOLVO logo

Type

Public company

Industry

Heavy equipment

Founded

1927

Founder

SKF

Headquarters

Göteborg, Sweden

Area served

Worldwide

Products

Trucks, buses, construction equipment, aerospace components

Employees

115,000 (2011)

Revenue

SEK 310.4 billion

Subsidiaries

Mack Trucks, Renault Trucks, UD Trucks, Volvo Construction Equipment, Volvo Buses, Volvo Trucks, Volvo Aero, Volvo Penta

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