Volvo
AB Volvo is a Swedish builder of commercial
vehicles, including trucks, buses and construction
equipment. Volvo also supplies marine and industrial
drive systems, aerospace components and financial
services. Although Volvo was incorporated in 1915
as a subsidiary of AB SKF, a Swedish ball bearing
manufacturer, the auto manufacturer considers itself
officially founded on 14 April 1927, when the first
car, the Volvo OV 4 series, affectionately known
as "Jakob", rolled out of the factory
in Hisingen, Gothenburg.
Volvo means "I roll" in Latin, conjugated
from "volvere", in relation to ball bearing.
The name Volvo was originally registered in May
1911 as a separate company within SKF AB and as
a registered trademark with the intention to be
used for a special series of ball bearing, but this
idea was only used for a short period of time and
SKF decided to use "SKF" as the trademark
for all its bearing products.
In 1924, Assar Gabrielsson, a SKF Sales Manager,
and Engineer Gustav Larson, the two founders, decided
to start construction of a Swedish car. Their vision
was to build cars that could withstand the rigors
of Sweden's rough roads and cold temperatures. This
has become a feature of Volvo products ever since.
Volvo Cars is the passenger vehicle maker using
the Volvo trademark, owned by Zhejiang Geely Holding
Group.
(Source: Wikipedia.org)
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