Volvo Cars

Volvo Car AB, trading as Volvo Cars, is a Swedish multinational manufacturer of luxury vehicles. Volvo is headquartered in Torslanda, Gothenburg. The company manufactures SUVs, station wagons, and sedans. The company's main marketing revolves around safety and its Swedish heritage and design. Volvo Cars has been separate from its former parent conglomerate and producer of heavy trucks, buses, and construction equipment AB Volvo since 1999 when AB Volvo sold its automobile division Volvo Cars to the Ford Motor Company for US$6.47 billion. On 28 March 2010, Ford sold Volvo Cars at a loss to Geely Holding for $1.8 billion; the deal closed in August 2010. Volvo Cars was publicly listed on the Nasdaq Stockholm stock exchange in 2021, though Geely Holding still retains majority ownership. Volvo Cars and AB Volvo share the Volvo logo, and cooperate in running the Volvo Museum. Volvo Cars owns 18% of Polestar and 50% of NOVO Energy, 100% of Zenseact, and 100% of HaleyTek. As of 2022, Volvo Cars has production plants in Torslanda in Sweden, Ridgeville, South Carolina, in the United States, Ghent in Belgium, and Daqing in China.