page_title: Gustaf Larson
section_title: Economic problems
hierarchical_section_title: Gustaf Larson / Volvo / Economic problems
caption_attribution_description: English: Bronze statue of the 1920s founders of the Volvo company — Gustav Larson (left) and Assar Gabrielsson (right). Displayed in the Volvo Museum, in Göteborg, western Sweden.
context_page_description: Erik Gustaf Larson was a Swedish automotive engineer and the co-founder of Volvo. He held a Master of Science degree in Mechanical Engineering from the Royal Institute of Technology in Stockholm.
context_section_description: The new company did not show any profit for the first couple of years and SKF invested more money to keep the company running. In 1928 the production of trucks began with the basic chassis components from ÖV4. The production of trucks was on a small scale, but the concept was successful from start.
  However, in late 1929 SKF nearly sold the company to Charles Nash, president of Nash Motors in the United States. Björn Prytz and Gabrielsson managed to convince the SKF board to call the deal off, just one day before Charles Nash arrived by boat in Gothenburg.  At the end of 1930 AB Volvo showed a small profit for the first time. In 1935 SKF came to the conclusion that Volvo now was ready to stand on its own feet. Volvo was introduced on the Stockholm stock exchange and SKF sold most of its shares. SKF could now concentrate on their core business, development and manufacturing of bearings, and still are, more than 100 years after the company was founded in 1907.
caption: Bronze statue of founders Gustav Larson and Assar Gabrielsson in the Volvo Museum in Gothenburg.
exif: {"Image Make": "Canon", "Image Model": "Canon PowerShot A710 IS", "Image XResolution": "180", "Image YResolution": "180", "Image ResolutionUnit": "Pixels/Inch", "Image DateTime": "2007:06:16 15:00:07", "Image YCbCrPositioning": "Centered", "Image Tag 0x1001": "3072", "Image Tag 0x1002": "2304", "Image ExifOffset": "268", "Image CustomRendered": "Normal", "Image ExposureMode": "Auto Exposure", "Image WhiteBalance": "Auto", "Image DigitalZoomRatio": "1", "Image SceneCaptureType": "Standard", "Thumbnail Compression": "JPEG (old-style)", "Thumbnail XResolution": "180", "Thumbnail YResolution": "180", "Thumbnail ResolutionUnit": "Pixels/Inch", "Thumbnail JPEGInterchangeFormat": "3190", "Thumbnail JPEGInterchangeFormatLength": "3835", "EXIF ExposureTime": "1/60", "EXIF FNumber": "14/5", "EXIF ExifVersion": "0220", "EXIF DateTimeOriginal": "2007:06:16 15:00:07", "EXIF DateTimeDigitized": "2007:06:16 15:00:07", "EXIF ComponentsConfiguration": "YCbCr", "EXIF CompressedBitsPerPixel": "3", "EXIF ShutterSpeedValue": "189/32", "EXIF ApertureValue": "95/32", "EXIF ExposureBiasValue": "0", "EXIF MaxApertureValue": "95/32", "EXIF MeteringMode": "Pattern", "EXIF Flash": "Flash fired, auto mode", "EXIF FocalLength": "321/50", "EXIF FlashPixVersion": "0100", "EXIF ColorSpace": "sRGB", "EXIF ExifImageWidth": "2304", "EXIF ExifImageLength": "3072", "EXIF FocalPlaneXResolution": "2304000/169", "EXIF FocalPlaneYResolution": "40960/3", "EXIF FocalPlaneResolutionUnit": "2", "EXIF SensingMethod": "One-chip color area", "EXIF FileSource": "Digital Camera"}