Who Owns Volvo?

Volvo was founded in 1927 in Gothenburg, Sweden, by Assar Gabrielsson and Gustaf Larson. The company's first car, the Volvo ÖV 4, rolled off the production line on April 14, 1927, establishing Volvo as a Swedish automotive manufacturer.

Throughout the 1930s and 1940s, Volvo expanded beyond passenger cars to include trucks and buses, establishing its reputation for quality and safety. The company's focus on safety innovations led to the introduction of the three-point seatbelt in 1959, which became a standard safety feature worldwide.

In 1999, Volvo Group sold its passenger car division Volvo Cars to Ford Motor Company while retaining the commercial vehicle business. Volvo Group continued to focus on trucks, buses, construction equipment, and marine/industrial engines.

In 2010, Ford sold Volvo Cars to Geely Holding, creating the current structure where Volvo Group owns the commercial vehicle business and the Volvo trademark, while Geely owns Volvo Cars for passenger vehicles.