





Volvo (Volvo), the famous Swedish luxury car brand, has been translated as rich. The brand was founded in 1927 in Gothenburg, Sweden. [214]
The Volvo Group now owns Volvo Trucks, Volvo Buses, Volvo Construction Equipment and other related brands. [210] Volvo Cars is no longer part of the Volvo Group and was acquired by China's Geely Holding Group in 2010.
In 1999, Volvo Group sold its Volvo Cars business to Ford Motor Company of the United States. In 2010, Chinese auto maker Zhejiang Geely Holding Group bought the Volvo car business from Ford, giving it ownership of the Volvo car brand.