Volvo Volvo 960 Volvo Volvo was originally part of another Swedish company, SKF . The first intention was merely to produce a car that would contain the roller bearings produced by SKF, but business expanded and eventually the independent company Volvo was born. Today, Volvo is a global company and has a strong position on the private car market.
Key words are safety, concern for the environment, and quality.
Volvo is also the world's second largest manufacturer of heavy trucks and buses. Another section of the company is Volvo Penta, which produces drive systems for ships and pleasure-boats, as well as for the industry. Volvo Aero produces aircraft engines and is also involved in the European space project. Volvo also holds 11 percent of the French car manufacturer Renault. This part will also be sold, since the alliance between Volvo and Renault was dissolved in 1994.