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On 28 March 2010, Ford sold Volvo Cars at a loss to Geely Holding for $1.8 billion; the deal closed in August 2010. [4] [5] 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.
The first Volvo car, a Volvo ÖV 4, left the assembly line on 14 April 1927. The brand name Volvo was originally registered as a trademark in May 1911, with the intention to be used for a new series of SKF ball bearings. It means "I roll" in Latin, conjugated from "volvere". The idea was short-lived, and SKF decided to simply use its initials ...
The Volvo EM90 shares the platform with the Zeekr 009 with the front and rear end restyled exclusively for the Volvo brand. It offers six seats in 2+2+2 layout with a Sofaro first-class airline seats included headrest speakers, ventilation, massage, and heating functions to enhance comfort, it also equipped with a roof-mounted 17-inch OLED rear screen and 21 Bowers & Wilkins speakers.
Volvo Cars—the motor vehicle manufacturer of Sweden. Owned by the Swedish Volvo Group (1927−1999), American Ford Motor Company (1999−2010), ...
On 28 October 2009, Ford named Geely the preferred buyer of Volvo Cars. [ 13 ] [ 14 ] On 23 December 2009, Ford confirmed that all substantive commercial terms for the sale to Geely had been settled. Geely signed a deal with Ford to acquire Volvo Cars for $1.8 billion on 28 March 2010 and closed the deal on 2 August 2010.
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The following is a List of Volvo passenger cars indexed by year of introduction. Model history. Production Model Class Image 1920s. 1927–1929: ÖV4/PV4:
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