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Volvo Automotive Company, or Volvo Personvagnar AB, is a Swedish luxury vehicle manufacturer, owned by the Chinese Zhejiang Geely Holding Group, previously of Swedish ownership. Volvo Automobile Company was founded in 1927, in Gothenburg, Sweden. Volvo was originally formed as a subsidiary firm to the ball bearing maker SKF. When Volvo AB was introduced on the Swedish inventory alternate in 1935, SKF offered most of the shares in the firm. Volvo Automobiles was owned by AB Volvo until 1999, when it was acquired by the Ford Motor Firm as a part of its Premier Automotive Group. Geely Holding Group then acquired Volvo from Ford in 2010.
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