AB Volvo

Type	Publicly traded Aktiebolag (OMX: VOLV B)
Industry	Heavy equipment
Founded	1927 by SKF
Headquarters	Gothenburg, Sweden
Area served	Worldwide
Key people	Carl-Henric Svanberg (Chairman), Olof Persson (President and CEO)
Products	Trucks, buses, construction equipment, marine and industrial power systems, aerospace components, financial services
Revenue	SEK 264.75 billion (2010)[1]
Operating income	SEK 18.00 billion (2010)[1]
Profit	SEK 10.87 billion (2010)[1]
Total assets	SEK 318.01 billion (end 2010)[1]
Total equity	SEK 74.12 billion (end 2010)[1]
Employees	105,260 (end 2010)[1]
Subsidiaries	Mack Trucks, Renault Trucks, UD Trucks, Volvo Construction Equipment, Volvo Buses, Volvo Trucks, Volvo Aero, Volvo Penta
Website	volvogroup.com

AB Volvo is a Swedish builder of heavy equipments, including trucks, buses and construction equipment. Volvo also supplies marine and industrial drive systems, aerospace components and financial services. Although Volvo was incorporated in 1915 as a subsidiary of AB SKF, a Swedish ball bearing manufacturer, the auto manufacturer considers itself officially founded on 14 April 1927, when the first car, the Volvo ÖV 4 series, affectionately known as "Jakob", rolled out of the factory in Hisingen, Gothenburg.^[2]

Volvo means "I roll" in Latin, conjugated from "volvere", in relation to ball bearing. The name Volvo was originally registered in May 1911 as a separate company within SKF AB and as a registered trademark with the intention to be used for a special series of ball bearing, but this idea was only used for a short period of time and SKF decided to use "SKF" as the trademark for all its bearing products.

In 1924, Assar Gabrielsson, a SKF Sales Manager, and Engineer Gustav Larson, the two founders, decided to start construction of a Swedish car. Their vision was to build cars that could withstand the rigors of Sweden's rough roads and cold temperatures. This has become a feature of Volvo products ever since.^[3]

The company AB Volvo had no activities until 10 August 1926, after one year of preparations involving the production of ten prototypes, was set up to carry out the car-manufacturing business within the SKF group. AB Volvo was introduced at the Stockholm stock exchange in 1935 and SKF then decided to sell its shares in the company. Volvo was delisted from NASDAQ in June 2007, but remains listed on the Stockholm exchange.^[4]

In 1999, Volvo sold its car division Volvo Cars to Ford Motor Company for $6.45 billion. The Volvo trademark was shared between Volvo AB, where it is used on heavy vehicles, and the unit of Ford, where it was used on cars. Volvo stopped posting profits in 2005 and in 2008, Ford decided to sell its interest in Volvo Cars; in August 2010, Ford completed its sale of Volvo to the parent of Chinese motor manufacturer Geely Automobile for $1.8 billion.^[5][6]

History[link]

The Volvo Group has its origin in 1927 when the first Volvo car rolled off the production line at the factory in Gothenburg.^[7] Only 280 cars were built that year.^[8] The first truck, the "Series 1", debuted in January 1928, as an immediate success and attracted attention outside the country.^[9] In 1930, Volvo sold 639 cars,^[8] and the export of trucks to Europe started soon after; the cars did not become well-known outside Sweden until after World War II.^[8]

Marine engines have been part of the Group almost as long as trucks. Pentaverken, founded in 1907, was acquired in 1935. As early as 1929, however, the U-21 outboard engine was introduced. Manufacturing continued until 1962.

In early models, Volvos have also been known to explode due to the engine being too close to the gas tank and igniting the tank. This myth was very popular during 1940s.

The first bus, named B1, was launched in 1934, and aircraft engines were added to the growing range of products at the beginning of the 1940s. In 1963, Volvo opened the Volvo Halifax Assembly plant, the first assembly plant in the company's history outside of Sweden in Halifax, Canada.

On 28 January 1999 Volvo Group sold its business area Volvo Car Corporation to the Ford Motor Company for US$6.45 billion, with the resulting group largely set on commercial vehicles. Volvo Cars was then sold to China's Zhejiang Geely Holding Group in 2010. On 2 January 2001, Renault Véhicules Industriels (which included Mack Trucks, but not Renault's stake in Irisbus) was sold to Volvo, which renamed it Renault Trucks in 2002. As a result, former mother company Renault is AB Volvo's biggest shareholder with a 20% stake (in shares and voting rights).

The last ten years the company has undergone rapid growth in the service area with, for example, financial solutions supporting the sales of the manufacturing business units. In 2006, AB Volvo acquired from Nissan Motor Co Ltd, 13% of the shares in the Japanese truck manufacturer UD Trucks former Nissan Diesel, and became major shareholder. In 2007 the Volvo Group took complete ownership of Nissan Diesel to extend its expansion in the Asian pacific market.^[3][10]

Business[link]

The S80, one of the best-selling cars under the Volvo brand

Volvo Group's businesses are conducted in several companies—among them these subsidiaries:

• Volvo Trucks (midsize-duty trucks for regional transportation and heavy-duty trucks for long distance transportation, as well as heavy-duty trucks for the construction work segment)
• Mack Trucks (light-duty trucks for close distribution and heavy-duty trucks for long distance transportation)
• Renault Trucks (heavy-duty trucks for regional transportations and heavy-duty trucks for the construction work segment)
• UD Trucks (midsize-duty trucks)
• Eicher
• Volvo Construction Equipment (construction machines) (previously Volvo BM, see also AB Bolinder-Munktell)
• SDLG
• Volvo Buses (complete buses and bus chassis for city traffic, line traffic and tourist traffic)
• Volvo Penta (marine engine systems for leisure boats and commercial shipping, diesel engines and drive systems for industrial applications)
• Volvo Aero (high-tech components for aircraft and rocket engines as well as services for the aircraft industry)
• Volvo Financial Services (customer financing, inter-group banking, as real estate administration)

Trademark[link]

Volvo Trademark Holding AB is equally owned by AB Volvo and Volvo Car Corporation.^[11]

The main activity of the company is to own, maintain, protect and preserve the Volvo trademarks (including Volvo, the Volvo device marks (grille slash & iron mark) Volvo Aero and Volvo Penta) on behalf of its owners and to license these rights to its owners. The day-to-day work is focused upon maintaining the global portfolio of trademark registrations and to extend sufficiently the scope of the registered protection for the Volvo trademarks.

The main business is also to act against unauthorised registration and use (including counterfeiting) of trademarks identical or similar to the Volvo trademarks on a global basis.^[12]

Brands[link]

• Volvo
• Renault Trucks
• UD Trucks
• Prevost
• Mack Trucks
• Eicher
• Volvo Penta
• Volvo Aero
• Nova Bus
• Premier

References[link]

External links[link]

• Official website
• volvo.com—official site for Volvo-branded companies

v t e OMX Stockholm 30 companies of Sweden ABB Alfa Laval Assa Abloy AstraZeneca Atlas Copco Boliden Electrolux Ericsson Getinge Hennes & Mauritz Investor AB Lundin Petroleum Modern Times Group Nokia Nordea Sandvik SCA Scania SEB Securitas Skanska SKF SSAB Svenska Handelsbanken Swedbank Swedish Match Tele2 TeliaSonera Volvo

Little Red is a rock band from Melbourne, Australia consisting of Adrian Beltrame (guitar, vocals), Dominic Byrne (guitar, vocals), Quang Dinh (bass, vocals), and Taka Honda (drums).

Biography[link]

The band was formed in 2005 and were featured on Triple J Unearthed.^[1] The band won the 2008 Australia-wide 'Garage to V' competition held by Virgin Mobile to win a slot at all shows of the Australian V Festival in 2008,^[2] while the band has also performed at the Falls Festival, Meredith Music Festival, the Big Day Out, the Pyramid Rock Festival and the Laneway Festival.

Little Red's songs "Waiting", "Coca-Cola" and "Witch Doctor" have all received regular play on Australian nation-wide radio station Triple J,^[3] while "Coca-Cola" was also included on the official soundtrack of Australian TV series Underbelly, and was voted #47 on the 2008 Triple J Hottest 100.

The band independently released in Australia an album entitled Listen to Little Red on 28 June 2008,^[4] which debuted at number 29 on the ARIA Charts.^[5] The album was licensed for release outside of Australia by the UK independent Lucky Number Music^[6] and was released on 16 November 2009 in the UK and early 2010 internationally.

In September, 2010, the band released a second album, Midnight Remember, featuring their latest single, "Rock It" which gained a gold accreditation^[7] and second place in Triple J's Hottest 100 of 2010, with the album's second single "Slow Motion" securing 79th position.^[8]

On 21 April 2011 they released a music video to "All Mine," also from Midnight Remember on youtube, through the Liberation Music record label's account.

Touring[link]

• Headlined their 'All Mine' National Tour featuring Worlds End Press & Passport For Amy 2011
• Toured with Blondie and The Pretenders, Evening On The Green 2010
• Big Day Out 2011
• Pyramid Rock 2010/2011
• Splendour in the Grass July/August 2010
• Toured with Kasabian in July 2010
• Headline tour of Australia supported by Ground Components in April/May 2009
• Headline tour of Australia - University Tour - in October 2008
• Toured with Vampire Weekend on their national Australian tour in August 2008
• Headline tour of Australia - album tour - in August/September 2008 supported by The Holidays and Andy Bull
• Toured with The Panics on their national album tour in May 2008
• Toured with Spoon in January 2008
• Toured with Operator Please on their national Australian tour in April 2008
• Toured with Art of Fighting in September 2007

Discography[link]

Albums[link]

• Listen to Little Red — Hooch Hound/Shock (28 June 2008) AUS #29^[9] — Lucky Number/Lucky Number Music (2009)
• Midnight Remember — Liberation (September 2010) AUS #5^[9]

EPs[link]

• Get Ready! EP

Singles[link]

• "Coca Cola"/"It's Alright" — Neon Gold/Lucky Number/Lucky Number Music (2009)
• "Waiting"/"Wait Is Over" — Neon Gold/Lucky Number/Lucky Number Music (2009)
• "Rock It" (2010) AUS #19^[9]
• "Slow Motion" (2010)
• "All Mine" (2011)

References[link]

External links[link]

• Little Red on Myspace
• Little Red video interview @ VFestival