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Volvo Facts for Kids. Kiddle Encyclopedia.
Volvo facts for kids
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| Type | Public (OMX: VOLV B) |
|---|---|
| Industry | Commercial vehicles |
| When it was created | 1927 by SKF |
| Headquarters | Gothenburg, Sweden |
| Area served | Worldwide |
| Key people | Finn Johnsson (Chairman of the board), Leif Johansson (President and CEO) |
| Things made | Trucks, buses, construction equipment, marine and industrial power systems, aerospace components, financial services |
| Money earned | SEK 303,667 million (2008) |
| Operating income |  SEK 15,851 million (2008) |
| Profit | SEK 9,942 million (2008) |
| Total assets | SEK 372,419 million (2008) |
| Total equity | SEK 84,640 million (2008) |
| Employees | 101,400 (2008) |
| Website | VolvoGroup.com |
Volvo is a Swedish car and truck maker founded in 1927.
Ford bought the Volvo car company in 1999. In 2010 Geely bought the Volvo Car Company.
Today there are two companies. 1: Volvo Cars that produces standard size cars. 2: Volvo Group that produces trucks, boat engines, buses and more.
Volvo is now the leading producer in what most people would call safe family cars.
One of the Volvo's cars, the Volvo S60 is used by police departments in some parts of Europe and the United Kingdom.
In March 2010, Ford signed a deal to sell Volvo to Chinese car maker Geely for $1.8 billion.
Models
Images for kids
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The first Volvo car that left the assembly line on 14 April 1927.
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A [[Bangalore Metropolitan Transport Corporation
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Volvo Car showroom in Vijayawada
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The Volvo B7RLE in Chennai. These buses are extensively used in public transportation systems.