AB Volvo

History

Year	Detail
1927	Volvo was founded and started the first series-manufacturing of the Volvo car, the Volvo ÖV4, and rolled off the production line on the island of Hisingen, Göteborg.
1941	Volvo acquired a majority shareholding in Svenska Flygmotor, later renamed Volvo Aero.
1969	Volvo acquired the Olofström plant, a company founded as early as 1735 (though later renamed Volvo Olofströmsverken), which has supplied bodies and components to Volvo since the early days.
2000	Volvo AB has taken control of North America’s oldest trucking company, acquiring century-old Mack Trucks with its $2-billion takeover of parent company Renault VI’s trucking business.
2006	Volvo Construction Equipment (Volvo CE) acquired 70% of Shandong Lingong Construction Machinery Co (Lingong), a large Chinese construction equipment manufacturer, forming a joint venture and establishing a dual-brand approach in China, comprising Volvo CE and SDLG.
2012	AB Volvo divested its Volvo Aero subsidiary to the British global engineering company GKN for $1 billion.
2013	AB Volvo signed an agreement with the Chinese vehicle manufacturer Dongfeng Motor Group Company Limited (DFG) to acquire 45% of DFCV, a new subsidiary focused on medium- and heavy-duty commercial vehicles.
2024	Volvo Buses established partnerships with Optibus and Stoneridge to make Optibus’ public transport management software and Stoneridge’s data and artificial intelligence fuel advice solution available to Volvo Buses’ customers in selected markets as pilot modes.