Volvo Car Manufacturing Malaysia Sdn Bhd is eyeing a bigger export market in the Asian region this year following the restructuring of its plant in Shah Alam that will expand its production capacity, reports Bernama. Its managing director Fredrik Karlsson said the five new export markets would be Vietnam, Myanmar, Philippines, Indonesia and Taiwan, where… Read More
Volvo Car Corporation, or Volvo Personvagnar AB, is a Swedish premium automobile manufacturer, headquartered in the VAK building in Gothenburg, and owned by Zhejiang Geely Holding Group of China. Volvo Car Corporation was founded in 1927, in Gothenburg, Sweden, originally as a subsidiary company to the ball bearing maker SKF. When Volvo AB was introduced on the Swedish stock exchange in 1935, SKF sold most of the shares in the company. Volvo Cars was owned by AB Volvo until 1999, when it was acquired by the Ford Motor Company as part of its Premier Automotive Group. Geely Holding Group then acquired Volvo Cars from Ford in 2010. Volvo Cars manufactures and markets sport utility vehicles, station wagons, sedans, compact executive sedans, and coupes. With approximately 2,300 local dealers from around 100 national sales companies worldwide, Volvo Cars’ largest markets are the United States, Sweden, China, Germany, the United Kingdom, and Belgium. In 2011, Volvo Cars recorded global sales of 449,255 cars, an increase of 20.3% compared to 2010.