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Volvo facts for kids

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AB Volvo
Public (OMX: VOLV B)
Industry Commercial vehicles
Founded 1927 by SKF
Headquarters Gothenburg, Sweden
Area served
Worldwide
Key people
Finn Johnsson (Chairman of the board), Leif Johansson (President and CEO)
Products Trucks, buses, construction equipment, marine and industrial power systems, aerospace components, financial services
Revenue SEK 303,667 million (2008)
Operating income
Increase SEK 15,851 million (2008)
Increase SEK 9,942 million (2008)
Total assets SEK 372,419 million (2008)
Total equity SEK 84,640 million (2008)
Number of employees
101,400 (2008)
Volvo 240 sedan 2
Volvo 240

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

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Volvo Facts for Kids. Kiddle Encyclopedia.