While its core activity is the production, distribution and sale of trucks, buses and construction equipment, Volvo also supplies marine and industrial drive systems and financial services.

[8] The brand name Volvo was originally registered as a trademark in May 1911, with the intention to be used for a new series of SKF ball bearings.

[9] In 1924, Assar Gabrielsson, an SKF sales manager, and Gustav Larson, a KTH educated engineer, decided to start construction of a Swedish car.

After one year of preparations involving the production of ten prototypes, the firm was ready to commence the car-manufacturing business within the SKF group.

[12] AB Volvo was introduced at the Stockholm Stock Exchange in 1935 and SKF then decided to sell its shares in the company.

[18] In the 1990s, Renault and Volvo deepened their collaboration and both companies partnered in purchasing, research and development and quality control while increasing their cross-ownership.

The deal was barely accepted in France, but it was opposed in Sweden, and the Volvo shareholders and company board voted against it.

[9] In 1991, the Volvo Group participated in a joint venture with Japanese automaker Mitsubishi Motors at the former DAF plant in Born, Netherlands.

The division was placed within Ford's Premier Automotive Group alongside Jaguar, Land Rover and Aston Martin.

[22][23][24] In November 1999, Volvo Group purchased a 5% stake in Mitsubishi Motors, as part of a partnership deal for the truck and bus business.

Renault became AB Volvo's biggest shareholder, with a 19.9% stake (in shares and voting rights) as part of the deal.

Volvo Group took complete ownership of Nissan Diesel in 2007 to extend its presence in the Asian Pacific market.

[10][30] Renault sold 14.9% of their stake in AB Volvo in October 2010 (comprising 14.9% of the share capital and 3.8% of the voting rights) for €3.02 billion.

[36] The project for selling the division was later abandoned and, in May 2018, Volvo reorganized Renault Trucks Defense and renamed it Arquus.

[40] The "final agreements" for the alliance were signed in October 2020, with UD Trucks sale pending on regulatory clearances.

[45] In December 2022, the joint venture (called Commercial Vehicle Charging Europe) began operations under the trade name Milence.

[54] Its first plant for vehicle assembly, on the Hisingen island, was owned by SKF until it was made part of the Volvo company in 1930.

[55] From the 1970s onwards, Volvo set up various facilities (Bengtsfors, Lindesberg, Vara, Tanumshede, Färgelanda,[55] Borås[59]), most of them within a 150 kilometer radius of Gothenburg,[55] and gradually acquired the Dutch DAF car plants.

[17] Starting in the late 1980s, Volvo expanded its limited bus production capabilities through acquisitions in various countries (Swedish Saffle Karroseri, Danish Aabenraa, German Drögmöller Karroserien, Canadian Prévost Car, Finnish Carrus, American Nova Bus, Mexican Mexicana de Autobuses).

In the late 1990s, after a short-lived joint venture with Polish manufacturer Jelcz, Volvo built its main bus production hub for Europe in Wroclaw.

[62] In 1998, the company opened an assembly facility for its three main heavy product lines (trucks, construction equipment, and buses) near Bangalore, India.

[60] Following the acquisition of Renault Véhicules Industriels[60] and Nissan Diesel[63] in the 2000s, Volvo gained various production facilities in Europe, North America, and Asia.

The goal of this campaign, titled "Epic Split," was to demonstrate the stability and precision of their "Dynamic Steering" model.

Conceptualized by the Swedish agency Forsman and Bodenfors, the widely shared video clip features Sophie using a remote control to navigate the truck through various obstacles, showcasing the vehicle's robustness and precision.