Volvo

History of Volvo

The Swedish manufacturer traces its origins back to 1924, when it was founded in the city of Gothenburg. Just three years later, in 1927, the first mass-produced car — the OV4 model — rolled off the assembly line, marking the beginning of the brand’s journey in global automotive manufacturing.

Since then, the manufacturer has steadily expanded its product range and strengthened its presence in international markets. From passenger and sports cars, it progressed to producing buses, trucks, construction equipment, and power systems. Today, Volvo Group is one of the world’s leading manufacturers of heavy machinery and engineering solutions.

Key Milestones

• 1928 — Establishment of the first overseas subsidiary in Helsinki, Finland;
• 1929 — Launch of the 6-cylinder PV651 sedan, which gained popularity among taxi fleets;
• 1930 — The company introduced hydraulic brakes and began producing seven-seater vehicles;
• 1955 — Entry into the U.S. market with the Volvo Sport model;
• 1963 — Launch of Volvo’s initial overseas plant, located in Halifax, Canada;
• 1971 — Market leadership in the UK, U.S., and Scandinavian countries;
• 1999 — Transfer of rights to produce passenger vehicles to Ford Motor Company;
• 2000 — Formation of a joint venture with Renault to develop and produce commercial vehicles;
• 2002 — Launch of the first SUV, the Volvo XC90;
• 2005 — Introduction of the V8 engine for the XC90, developed in partnership with Yamaha;
• 2020s — Active development of electric mobility, autonomous technology, and sustainable innovations.

Today, Volvo Group’s manufacturing operations span 18 countries, with a distribution network covering over 190 nations. The company employs more than 100,000 people worldwide and maintains leadership in segments such as buses, heavy-duty trucks, marine engines, industrial power systems, and construction equipment.

Through its partnership with TechCom, customers gain access to original Volvo machinery, certified spare parts, and expert technical support — ensuring reliable and efficient operation in all conditions.