The Volvo Car Group is owned by the Chinese multinational automotive company Geely Holding Group, which bought it from Ford Motors in 2010. The Geely Holding Group was founded in 1986 and has since grown to become one of the top automakers in China, today owning a number of brands such as Lotus Cars and Proton. In addition to its car manufacturing operations, the group also manufactures trucks, buses, engines and construction equipment.
As of 2020 Volvo Car Corporation is headquartered in Gothenburg Sweden with additional offices located all around the world. With its strong commitment to safety and quality standards Volvo cars have become some of the most popular vehicles on roads all over Europe, Asia and North America.
Volvo Car Company is owned by Chinese automotive manufacturing company Geely Holding Group, who purchased Volvo from Ford Motor Company in 2010. The company has since been dedicated to producing vehicles that focus on safety, quality, and sustainability – all things that Volvo has become known for over its many years of production.
Volvo is KISSING its Chinese Ownership Goodbye ?!
Who Owns Volvo Trucks
Volvo Trucks is a global truck manufacturer owned by Volvo Group, the Swedish-based multinational manufacturing company known for its production of buses, construction equipment and marine and industrial engines. The Volvo Group has been producing trucks since 1928, when the first model – the LV Series 1 – was launched. Today, the company produces medium to heavy-duty trucks that are sold in more than 130 countries around the world.
Who is Volvo Owned By?
Volvo is a Swedish car manufacturer owned by the Chinese multi-national automotive company Geely. Volvo was founded in 1927 and has since become one of the world’s leading suppliers of luxury vehicles, trucks, buses and construction equipment. Geely acquired Volvo from Ford Motor Company in 2010 for $1.8 billion USD and has been its owner ever since.
In addition to owning Volvo Cars, Geely also owns several other automotive brands including Lotus, Proton, Lynk & Co., LEVC (London Electric Vehicle Company), Polestar and Terrafugia Flight Systems. With such an extensive portfolio under their control they are sure to bring continued success to all their companies as well as redefining how we view modern automobiles with cutting edge technology like autonomous driving capabilities and more efficient powertrains that will hopefully lead us into a new era where sustainability isn’t just an option but a necessity for our planet’s future.
Is Volvo Owned by China?
No, Volvo is not owned by China. The company was founded in Sweden more than 90 years ago and is still based there today. It’s part of the Zhejiang Geely Holding Group, a Chinese automotive manufacturing company that acquired Volvo Cars from Ford Motor Company in 2010.
However, despite this change in ownership, Volvo remains an independently operated Swedish brand that has retained its heritage and values since its founding days. With production plants around the world (including one in Chengdu, China), Volvo produces cars for global markets but its headquarters are still located in Gothenburg, Sweden with Chief Executive Officer Hakan Samuelsson at the helm. In recent years they’ve made big strides to become a leader in safety technology and have continued to be pioneers when it comes to electric vehicles as well – reinforcing their commitment to being sustainable both environmentally and economically.
Who Did Ford Buy Volvo From?
Ford Motor Company purchased Volvo Cars in 1999, from the Swedish automaker AB Volvo. The acquisition was part of a larger move by Ford to expand its global presence and add new product lines to its portfolio. Prior to being acquired by Ford, Volvo had been an independent company since 1927 and was one of the few remaining European automakers not owned by a major international auto conglomerate.
The purchase price for Volvo was $6.45 billion—the largest investment ever made by an American carmaker at that time. After acquiring Volvo in 1999, Ford kept it as a separate brand within their portfolio until 2010 when they sold off all of their shares for approximately $1.8 billion to Chinese automotive giant Geely Holding Group Co., Ltd..
Does Ford Still Own Volvo?
Yes, Ford still owns Volvo. The American automaker purchased the Swedish carmaker in 1999 as part of its Premier Automotive Group (PAG) initiative. Since then, Volvo has become an integral part of Ford’s operations and portfolio.
Although the two companies operate independently from each other, they share a common parent company and cooperate on certain projects such as platform sharing and parts procurement. Ford previously sold off several PAG brands such as Jaguar and Land Rover but held onto Volvo despite offers to buy it back in 2009. In 2010, Ford invested heavily in the brand with a $11 billion investment plan that included updating models and increasing production capacity to meet customer demand for their vehicles worldwide.
Today, Volvo continues to be one of the most popular luxury automakers globally thanks largely in part to this commitment from its parent company — Ford Motor Company — ensuring that it will remain so for many years into the future.
Conclusion
It is clear that Volvo Car Company has had a long and interesting history, being owned by several different companies over the years. Currently, it is owned by Geely Holding Group, a Chinese automotive company. While Volvo’s ownership has changed many times in its lifetime, one thing remains constant – Volvos are known for their safety and reliability.
This makes them an excellent choice for car buyers who want peace of mind when they get behind the wheel.
