The Volvo car can trace its roots back to 1927 when the first Volvo car was produced with only 280 cars were built that year.
In 1930, Volvo sold 639 cars and their cars did not become well-known outside Sweden until after World War II.
Volvo Group sold its car division Volvo Car Corporation to Ford Motor Company for USD 6.45 billion during 2000, it was placed within the Premier Automotive Group alongside Jaguar, Land Rover and Aston Martin.
Volvo engineering resources and components would be used in various Ford, Land Rover and Aston Martin products
Ford sold the Volvo Car Corporation in 2010 to Geely Automobile of China for USD 1.8 billion, following on from their sale of Jaguar Land Rover in 2008 and Aston Martin in 2007.
In May 2015 the Chinese Geely group, manufacturer of the Volvo cars announced that it would open its first U.S based factory near Charleston, SC.
The new facility would cost USD 500 million and initially would be able to produce 100,000 vehicles per year.
Volvo has offered a rugged off-road estate car since the mid-1990s and has nearly had the market to itself. Yes, there has been the Subaru Legacy Outback, but sales of that car were hamstrung by its petrol-only range of engines for a long time, it only getting diesel options more recently.
Volvo estates have always been popular, thanks to their reputation as safe, practical and reliable family holdalls, but the company itself has never been in the same prestige league as Audi, BMW or Mercedes-Benz - something that CEO Håkan Samuelsson hopes to put right with a new range of vehicles based on Volvo’s Scalable Product Architecture (SPA).
The Swedish automaker is pushing the development of AD systems globally as part of its commitment no one will be seriously injured or killed in a new Volvo by 2020.
