Volvo cars through the years
AB Volvo is a multi-national auto manufacturer based in Gothenburg, Sweden and owned by China's Geely Automobile. Volvo began as a subsidiary of AB SFK, a Swedish company that produced ball bearings. In 1924, Volvo founders Assar Gabrielsson (who worked as a SFK sales manager) and engineer Gustav Larson decided to create a Swedish automobile -- three years later the first Volvo, the ÖV4, was introduced. Volvo was an overnight success and began to distribute automotive parts in addition to cars, trucks, buses and construction equipment. Volvo is well-known for its sturdy vehicles, which are reputed to be among the safest in collision situations.