Sort by :
Information about Volvo:
Volvo is a Swedish vehicle production company, it produces cars of all kinds, passenger cars and heavy cars, the company was established in 1972 and pursues a dual philosophy which makes it the pioneer in the safety aspect of car. As it is the first to innovate the idea of the seat belt, and to implement it in its car versions. Volvo means "I ride" in Latin.
Many sub-brands belong to this Swedish company, including the truck manufacturer Mack, Renault, UD and Nova Bus, and the famous American brand Ford was part of its group. But a separation occurred between them in 2010. In this same year, Volvo included the famous “Zhejiang Geely Holding”.
The company was established in the Swedish city of Gothenburg, its first automotive product was an open car in the year of its establishment in 1972. After a short time, the company launched family-friendly sedans, it expanded into spread very quickly, achieving excellent sales.
The safety and security measures that the Swedish company designed and ensured are among the pioneers in the automotive industry in its time and today, as it introduced rear seats for children inside the car, with door locks for them. It was in the seventies of the last century.
In 1971 the Swedish company entered into a cooperation between 4 companies: DID, Volvo and Margin Drizzt. This alliance launches buses and trucks, and does not produce ordinary passenger vehicles.
The company buys the American "Brevot Bus" and adds it to its brands, to become the first company among the manufacturers of tourist buses that can accommodate around fifty people.
Thus, the Swedish automotive industry has strongly imposed itself on the market, and won a global mediator. This spread was not only for cars - it coincided with a leadership in the metal industry - but also, Swedish industry was famous for its ability to develop six-cylinder engines, this engine was used in the aircraft industry and dynamo devices, and wells. Many powerful and pioneering companies used it.
The company eventually severed the partnership with Ford in 1999, selling its remaining stake for $6.5 billion, then splitting off from Geely in 2010, and selling its stake for $1.8 billion, to remain owned by Zhejiang Geely. Holding Company. Then in 2013 She sold her factory in America for $1.7 billion.
Facts and figures:
- The Volvo Cars Group recorded a profit of 14.06 crowns (Swedish currency) in 2017.
- Its profit in 2016 was estimated at 11.01 billion crowns.
- Statistics indicate that it has sold, since its inception until 2017, a total number of cars estimated at 571,500 vehicles, achieving a huge increase from the previous year 2016.
- The company has taken financial and structural measures that have enabled it to achieve this progress.
- According to data reported in 2017, approximately 38,000 employees work for the company globally.
- The company's head office is located in Shanghai, China.
Some Volvo models:
- Station 850.
- Station 960.
- 850 Sedan.
- 960 Sedan.
- Station 940.
- Station 742.
- 740 Sedan.
- Station 760.
- 760 Sedan.
- 360 5-D.