Volvo Owner: History & Current
Discover the **Volvo** owner and its transformation from a Swedish brand to a global automotive giant. Learn about its history and current ownership.
The Volvo brand has been a trusted name in the automotive industry for decades, renowned for its safety features. However, its ownership saga has been quite interesting over the decades.
Introduction & Concept Overview
Volvo was founded in 1927 by Assar Gabrielsson, a businessman and sales specialist, and Gustaf Larson, an auto engineer. The two friends had the idea during a lunch in the Swedish capital and decided to make a car firm together. The word "Volvo" indeed comes from the Latin which means "I roll".
Complete List of Key Owners
| Owner | Year | Description |
|---|---|---|
| Assar Gabrielsson and Gustaf Larson | 1927 | Founders of Volvo |
| Ford Motor Company | 1999 | American car giant that acquired Volvo |
| Zhejiang Geely Holding Group | 2010 | Chinese automotive union that acquired Volvo |
Historical Timeline & Evolution
The Volvo brand has undergone significant changes over the years. In 1999, the car part was sold to Ford Motor Company. However, Ford eventually opted to sell Volvo Cars in 2010 to the Zhejiang Geely Holding Group in China for approximately $1.8 billion.
Key Facts & Figures to Memorize
- Volvo was founded in 1927 by Assar Gabrielsson and Gustaf Larson.
- Volvo was sold to Ford Motor Company in 1999.
- Volvo was acquired by Zhejiang Geely Holding Group in 2010.
- Li Shufu is the billionaire owner and chairman of Geely.
- Hakan Samuelsson is the current CEO of Volvo Cars.
Memory Tricks & Mnemonics
To remember the Volvo ownership saga, use the acronym "FGZ"
- Ford, Geely, Zhejiang.
Frequently Asked in Exams
- Volvo is often asked in exams as a part of general knowledge or business studies.
- Questions may include the history of Volvo, its founders, or its current ownership.
Frequently Asked Questions
Q: Who is the current owner of Volvo?
A: The current owner of Volvo is the Zhejiang Geely Holding Group, a Chinese automotive union. As of 2025, it owns around 78.65% of the shares of Volvo, under Geely Sweden Holdings AB.
Q: Who founded Volvo?
A: Volvo was founded by Assar Gabrielsson, a businessman and sales specialist, and Gustaf Larson, an auto engineer, in 1927.
Q: What does the word Volvo mean?
A: The word "Volvo" indeed comes from the Latin which means "I roll".
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