Overview
Description
Volvo Car AB is recognized as a prominent entity within the automotive industry, known for manufacturing premium vehicles that prioritize safety, innovation, and sustainability. Founded in 1927 and headquartered in Gothenburg, Sweden, Volvo Car AB focuses on producing a range of vehicles, including sedans, SUVs, and wagons. The company is famed for its commitment to safety innovations, having pioneered numerous safety technologies that are now standard across the industry.
Volvo's dedication to sustainability is evident in its push towards electrification, intending for half of its global sales to consist of fully electric cars by 2025. This transformation underlines its role in shaping the future of transportation. The company also invests heavily in intelligent mobility solutions through advanced connectivity features and automated driving technologies, thus impacting the broader tech and automotive sectors.
Volvo Car AB operates globally, with significant market presence in Europe, Asia, and the Americas. Its integration of Scandinavian design with a focus on reducing emissions aligns with overall industry trends towards greener, more efficient vehicles. As such, Volvo Car AB holds a critical position in the global transition towards sustainable automobile manufacturing.
About
CEO
Mr. Hakan Samuelsson
Employees
43500
Address
Gunnar Engellaus väg 8
Gothenburg, 418 78
Gothenburg, 418 78
Phone
46 31 59 00 00
Website
Instrument type
Common stock
Sector
Consumer Cyclical
Industry
Auto Manufacturers
Country
Germany
MIC code
XBER