[4][5] Volvo Cars was publicly listed on the Nasdaq Stockholm stock exchange in 2021, though Geely Holding still retains majority ownership.

[10] During 2021 and 2022, Volvo Cars transferred its hybrid engine research and production capabilities in Skövde and Zhangjiakou to Aurobay, in a joint venture with Geely.

[12] Volvo Cars owns 18% of Polestar[13][14] and 50% of NOVO Energy (electric vehicle batteries), 100% of Zenseact (AD and ADAS software), and 100% of HaleyTek (Android-based infotainment systems).

[15] As of 2022, Volvo Cars has production plants in Torslanda in Sweden, Ridgeville, South Carolina in the United States, Ghent in Belgium, and Daqing in China.

After this the young company produced closed top and cabriolet vehicles, which were designed to hold strong in the Swedish climate and terrain.

[19] In 1964, Volvo opened its Torslanda plant in Sweden, which currently is one of its largest production sites (chiefly large cars and SUVs).

The appearance of Japanese brands like Acura and Lexus and the growing popularity of Subaru station wagons in subsequent years meant the loss of a significant market share for Volvo, one which they have never regained.

Volvo nearly merged with Saab in the late seventies, while in 1978 an aborted affair would have seen the Norwegian state take over 40 percent of the company.

Ford saw advantages in acquiring a profitable prestige mid-size European automobile manufacturer, well renowned for its safety aspects, as an addition to its Premier Automotive Group.

After Ford sold Jaguar Land Rover to Tata Motors of India in 2008, the company initially decided to keep Volvo Cars despite mounting losses and major economic downturns.

Ford decided to restructure plans for Volvo Cars, pushing it further upmarket, alongside the lower end of Mercedes and BMW sedans, wagons, and SUV crossovers.

When the global economic crisis of 2008 threatened the US automakers, Swedish authorities became concerned about the fate of Volvo, should Ford file for bankruptcy.

Although it was rumoured that Volkswagen would buy Volvo Cars, and despite initial denials, the company Geely Holding Group was ultimately selected to take over the Swedish automaker.

It has also developed a new vehicle platform, the Scalable Product Architecture (SPA), and re-introduced an expanded -90 series of models, including the S90 sedan and Volvo V90 wagon in addition to a redesigned XC90 SUV.

This non-binding intent includes a plan for Uber Advanced Technologies Group to design and build the self-driving system in the XC90 SUV.

[47] These merger talks were later halted, and 18% of Volvo Cars shares were listed on the Nasdaq Stockholm stock exchange in October 2021.

At the start of the 1995 model year, side impact protection airbags were standard on high trim-level Volvo 850s, and optional on other 850s.

[67] In 1998, Volvo introduced its Whiplash Protection System (WHIPS), a safety device to prevent injury to front seat users during collisions.

It was named Linda and was modeled in her 36th week of pregnancy to analyze the effects of high-speed impact on the womb, placenta, and fetus.

[68] Collaborating with Chalmers University of Technology, they also crafted a computer model of an average-sized female to advance their Whiplash Protection System (WHIPS).

[87][88] However, according to the IIHS, in recent years Volvo cars have still managed to maintain their high class safety ratings as seen in test results.

[101] In the United States, Volvo paid $19.6 million in fines for missing its Corporate Average Fuel Economy targets for the 2010–2014 model years.

[106] Volvo's Accident Research Team, however, has been collecting real-world collision data since the 1970s, ensuring representation for both men and women.

"XC" stands for "cross country" originally added to a more rugged V70 model as the V70XC and indicates all wheel drive paired with a raised suspension to give it an SUV look.

In 1961, Gran Premio de Argentina Gunnar Andersson was appointed Volvo's competition department manager, signing a number of drivers, including Carl-Magnus Skogh, Tom Trana and Ewy Rosqvist, though he himself still continued to compete in rallies.

In the 1984 European Touring Car Championship, the Swedish team Sportpromotion won the EG Trophy at Zolder circuit, followed by placing second in the Mugello.

This team included defending champion Lindström, joined by ex-Formula One and Grand Prix motorcycle racer Johnny Cecotto, as well as Ulf Granberg and Anders Olofsson.

Volvo also saw success in the Deutsche Tourenwagen Meisterschaft (German Touring Car Championship), with a 240 Turbo driven by Per Stureson winning the 1985 DTM.

In 2010, its programme was expanded to include the SCAA Pro Racing World Challenge, where it won both the drivers' and manufacturers' championships in the GT class.

[135] Following ten pole positions and four race wins, Scott McLaughlin finished fifth in the championship and was awarded the Barry Sheene Medal.