Volvo Cars in the context of Automotive safety


Volvo Cars in the context of Automotive safety

⭐ Core Definition: Volvo Cars

Volvo Car AB (Swedish: [ˈvɔlːvʊ kɑːr oːˈbeː]), trading as Volvo Cars (Swedish: Volvo personvagnar, pronounced [ˈvɔlːvʊ pæˈʂuːnˌvɑŋːnar]; styled VOLVO in the company's logo), is a Swedish multinational manufacturer of luxury vehicles. Volvo is headquartered in Torslanda, Gothenburg. The company manufactures SUVs, station wagons, and sedans. The company's main marketing revolves around 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 for US$6.47 billion. On 28 March 2010, Ford sold Volvo Cars at a loss to Geely Holding for $1.8 billion; the deal closed in August 2010. Volvo Cars was publicly listed on the Nasdaq Stockholm stock exchange in 2021, though Geely Holding still retains majority ownership. Volvo Cars and AB Volvo share the Volvo logo, and cooperate in running the Volvo Museum.In March 2021, Volvo Cars announced that it would be a fully electric brand by 2030, with vehicles sold exclusively online. In June 2021, Volvo Cars and Swedish battery developer and manufacturer Northvolt announced their intention to establish a 50/50 joint venture consisting of a battery gigafactory and R&D (research and development) center. In December 2021, it was revealed the battery R&D center would be located in Gothenburg. In February 2022, Gothenburg was also chosen as the location for the battery gigafactory.During 2021 and 2022, Volvo Cars transferred its hybrid engine research and production capabilities in Skövde and Zhangjiakou to Aurobay, in a joint venture with Geely. In 2023, Volvo removed conventional engines as an option, meaning mild hybrids are the base engine option in the US.

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Volvo Cars in the context of Ford Motor Company

The Ford Motor Company (commonly known as Ford, sometimes abbreviated as FoMoCo) is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles and commercial vehicles under the Ford brand, and luxury cars under its Lincoln brand. The company is listed on the New York Stock Exchange under the single-letter ticker symbol F and is controlled by the Ford family. They have minority ownership but a plurality of the voting power.

Ford introduced methods for large-scale manufacturing of cars and large-scale management of an industrial workforce using elaborately engineered manufacturing sequences typified by moving assembly lines. By 1914, these methods were known around the world as Fordism. Ford's former British subsidiaries Jaguar and Land Rover, acquired in 1989 and 2000, respectively, were sold to the Indian automaker Tata Motors in March 2008. Ford owned the Swedish automaker Volvo from 1999 to 2010. In the third quarter of 2010, Ford discontinued the Mercury brand, under which it had marketed upscale cars in the United States, Canada, Mexico, and the Middle East since 1938.

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Volvo Cars in the context of Gothenburg

Gothenburg or Göteborg (Swedish: Göteborg [jœtɛˈbɔrj] ) is the second-largest city in Sweden, after the capital Stockholm, and the fifth-largest in the Nordic countries. Situated by the Kattegat on the west coast of Sweden, it is the gubernatorial seat of Västra Götaland County, with a population of approximately 600,000 in the city proper and about 1.1 million inhabitants in the metropolitan area.

King Gustavus Adolphus founded Gothenburg by royal charter in 1621 as a heavily fortified, primarily Dutch, trading colony. In addition to the generous privileges given to his Dutch allies during the ongoing Thirty Years' War, e.g. tax relaxation, he also attracted significant numbers of his German and Scottish allies to populate his only town on the western coast; this trading status was furthered by the founding of the Swedish East India Company. At a key strategic location at the mouth of the Göta älv, where Scandinavia's largest drainage basin enters the sea, the Port of Gothenburg is now the largest port in the Nordic countries. The presence of the University of Gothenburg and Chalmers University of Technology has led Gothenburg to become home to many students. Volvo was founded in Gothenburg in 1927, with both Volvo Cars, and its original parent Volvo Group (today makers of trucks, buses and marine engines) still headquartered on the island of Hisingen in the city. Other key companies in the area are AstraZeneca, Ericsson, and SKF.

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Volvo Cars in the context of Volvo

The Volvo Group (Swedish: Volvokoncernen, pronounced [ˈvɔlːvʊˌkɔnˈsæːɳɛn]; legally Aktiebolaget Volvo ([ˈakːsɪɛbʊˌlɑːɡɛt ˈvɔlːvʊ]), shortened to AB Volvo ([ˈoːˈbeː ˈvɔlːvʊ]), stylized as VOLVO) is a Swedish multinational manufacturing corporation headquartered in Gothenburg. While its core activity is the production, distribution and sale of trucks, buses and construction equipment, Volvo also supplies marine and industrial drive systems and financial services. In 2016, it was the world's second-largest manufacturer of heavy-duty trucks through its subsidiary Volvo Trucks.

Volvo was founded in 1927. Initially involved in the automobile industry, Volvo expanded into other manufacturing sectors throughout the twentieth century. Automobile manufacturer Volvo Cars, also based in Gothenburg, was part of AB Volvo until 1999, when it was sold to the Ford Motor Company. Since 2010 Volvo Cars has been owned by the automotive company Geely Holding Group. Both AB Volvo and Volvo Cars share the Volvo logo and cooperate in running the World of Volvo museum in Gothenburg, Sweden.

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