Who Owns Volvo?

2021 Volvo XC90 Gray

 

Volvo was known as one of the premier automakers out of Sweden, but who owns Volvo now? The luxury brand is now owned by the Zhejiang Geely Holding Group, a giant that also took over 15 other vehicle manufacturers over the years. If you’re curious about the history of this international brand, read on! Beach Automotive Group is here to tell you how Volvo models made their way from Sweden to China to Conway.

Who Makes Volvo Cars?

The Zhejiang Geely Holding Group debuted in the automotive business in 1997. They were named partially due to their location, as they were headquartered out of Hangzhou in China’s Zhejiang Province. In 2010, the company took over Volvo to move the brand in a new direction. So, who makes Volvo cars now? The original Swedish automakers have officially parted ways with the brand, so the Zhejiang Geely Holding Group is now the only manufacturer of Volvo vehicles.

What’s Next for Volvo Business?

Now that you know who owns Volvo and who makes Volvo, what’s next for this popular brand? The Zhejiang Geely Holding Group hopes to unite the car and truck branches – which have been separated since 1999. Though the company currently owns the entire car group, they have recently invested an 8.2 percent stake in the truck group as well. Though there is no timeline known to the public at the moment, the transition is expected in the future.

What’s Next for Volvo Vehicles?

Beyond the business side, the Volvo brand is focused on sustainability and safety. Not only is the brand creating new safety technologies for the Murrells Inlet roads, but they are also investing in eco-friendly models with new greener technology. This allows the company to create quality vehicles that protect both Florence drivers and the environment.

Test Drive a New Volvo at Beach Automotive Group

You’ve learned all about who makes Volvo cars, so why not experience the best of the brand in person? Beach Automotive Group would be happy to showcase everything that this brand has to offer. Contact us at Beach Automotive Group with any questions about the current Volvo inventory.

 

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