History of Volvo in Evansville, Indiana
History of Volvo
One of the most famous luxury car brands in the world today, Volvo started in 1927 in a city called Gothenburg in Sweden. Only 280 cars were built in 1927, but the next year, in 1928, Volvo released its first truck, called the Series 1, and became popular even internationally.
Volvo continued producing cars, and soon after 1930 started producing cars to send to other parts of Europe for the war. In 1935 Volvo acquired its engine producer so engine supply was always reliable, and throughout the 1930s and 1940s Volvo produced the first Volvo bus, called B1, as well as aircraft engines.
Volvo didn’t become well-known until World War II was over. In 1963, the company opened a plant in Halifax, Canada, called the Volvo Halifax Assembly, their first outside Sweden. Production continued as normal for decades until Volvo sold its car division to Ford Motor Company in 2000 for $6.45 billion, and Volvo started producing parts for other luxury Ford divisions like Jaguar and Aston Martin.
Volvo also acquired Renault Vehicles in 2001, which they renamed to Renault Trucks. Volvo now has a variety of trucks in its lineup as well as selling marine engine systems and buses, and it has an Information Technology subsidiary, among others.
Ford started selling off its luxury brands in the late 2000s, starting with Aston Martin in 2007 and Jaguar Land Rover in 2008. It sold Volvo in 2010, but Volvo cars are still sold and represent the highest quality of automotive engineering and style.