Is Volvo still a Swedish company?
Today, Volvo is one of the most well-known and respected car brands in the world with sales in about 100 countries. Volvo Car Group (Volvo Cars) is owned by Zhejiang Geely Holding (Geely Holding) of China. Volvo Cars formed part of the Swedish Volvo Group until 1999, when the company was bought by Ford Motor Company.
Is Volvo owned by the Swedish government?
Volvo Group – a manufacturer of trucks, buses and construction equipment (among others) owned by Swedish interests. Volvo Car Corporation or Volvo Cars – a manufacturer of automobiles owned by Ford Motor Company.
Which country owns Volvo?
Swedish
The Volvo Group (Swedish: Volvokoncernen; legally Aktiebolaget Volvo, shortened to AB Volvo, stylized as VOLVO) is a Swedish multinational manufacturing corporation headquartered in Gothenburg.
Is Volvo owned by Geely?
Volvo Cars, or Volvo Personvagnar AB, is a Swedish automobile manufacturer founded in 1927, in the city of Gothenburg, Sweden, and is currently owned by Chinese Zhejiang Geely Holding Group. Volvo was originally formed as a subsidiary company to the ball bearing maker SKF .
Is Volvo owned by Chinese company?
No. AB Volvo is not owned by a Chinese company. Volvo is mostly owned by Swedish owned or controlled investment companies. Volvo is a company employing about 85 000 persons world wide and manufactures everything from buses and trucks to marine and industrial engines.
Is Polestar owned by Volvo?
Now Polestar is becoming its own wholly owned Volvo subsidiary, following in the footsteps of Mercedes which released the AMG-branded GT sports car a couple years ago. The new Polestar Production Center is under construction in Chengdu , China.
Where are Volvos manufactured now?
Today, Chinese automotive giant Geely owns Volvo. It has also morphed the company’s Polestar performance sub-brand into a separate electric vehicle brand and is currently building the first Polestar factory in China.