page_title: Volvo Trucks
section_title: History
hierarchical_section_title: Volvo Trucks / History
caption_attribution_description: Volvo LV63 Truck 1929
context_page_description: Volvo Trucks Corporation, stylized as VOLVO, is a global truck manufacturer based in Gothenburg, Sweden, owned by AB Volvo. In 2016, it was the world’s second largest manufacturer of heavy-duty trucks.
  Volvo Group was reorganised on 1 January 2012 and as a part of the process, Volvo Trucks ceased to be a separate company and was instead incorporated into Volvo Group Trucks, with Volvo’s other truck brands, Renault Trucks, Mack Trucks and UD Trucks.
  The first Volvo truck rolled off the production lines in 1928, and in 2016 Volvo Trucks employed more than 52,000 people around the world. With global headquarters in Gothenburg, Sweden, Volvo manufactures and assembles its trucks in eight wholly owned assembly plants and nine factories owned by local interests. Volvo Trucks produces and sells over 190,000 units annually.
  In 2017, Chinese company Geely purchased a 14% share of Volvo Trucks.
context_section_description: When Volvo manufactured its first automobiles in 1927, the first truck was already on the drawing table. In early 1928, the LV series 1 was presented to the public. Though by modern standards it was merely a truck, it was an immediate success and 500 units were sold before the summer. It had a 2.0 L 4-cylinder engine rated at 28 hp (21 kW).
caption: Volvo LV63 Truck 1929
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