About Volvo Car

Company Description

Volvo Cars is a Swedish multinational manufacturer of luxury vehicles headquartered in Torslanda, Gothenburg. The company manufactures SUVs, station wagons, and sedans. The company's main marketing arguments are 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 Ford Motor Company. In 2010, Ford sold loss-making Volvo Cars to the company Geely. Volvo Cars was publicly listed on the Nasdaq Stockholm stock exchange in 2021, though Geely still retains majority ownership. Volvo Cars and AB Volvo both share the Volvo logo, and cooperate in running the Volvo Museum.

Year founded

1927

Served area

Worldwide

Headcount

41,000

Headquarters

Gunnar Engellaus vรคg 8, 41878 Gothenburg โ€“ Sweden

Shareholder information

Shares outstanding

2,979,524,179

IPO

Oct. 28, 2021

Stock exchange(s)

Nasdaq Stockholm

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