Volvo Cars or Volvo Personvagnar AB was founded in 1927. "Volvo" is Latin for "I roll" (~I drive). Volvo Cars
was part of the Volvo Group, which also produces trucks, buses, construction equipment and more. In 1999 Volvo Cars was sold to the Ford Motor Company.
In 2010 the Chinese Geely Automobile took over Volvo.