Ford Motor Company is a well-known American multinational automaker that produces a wide range of vehicles, including cars, trucks, and SUVs.
One of the questions that often comes up is whether Ford owns Volvo, a Swedish luxury car brand. The answer is no, Ford no longer owns Volvo.
Ford acquired Volvo in 1999 for $6.45 billion, but the economic recession of the late 2000s led to a decline in sales.
As a result, Ford sold Volvo to Geely Holding Group, a Chinese multinational automotive company, in 2010 for $1.8 billion. Since then, Volvo has been under Geely’s ownership, and the company has flourished with a renewed focus on safety and sustainability.
Today, Volvo is known for its sleek design, advanced technology, and commitment to environmental responsibility.
While Ford no longer owns Volvo, the two companies did collaborate on several projects during their time together, including the development of the Volvo XC90 SUV.
Despite no longer being under the same ownership, both Ford and Volvo continue to be major players in the automotive industry, each with their own unique strengths and offerings.
Where Are Volvo Cars Made?
Volvo is a Swedish car manufacturer that has been producing cars since 1927. The company has a reputation for building safe, reliable, and high-quality vehicles.
While Volvo is a Swedish company, not all of its cars are made in Sweden.
Volvo has production plants in several countries around the world, including China, Belgium, and the United States.
The company’s largest production facility is located in Gothenburg, Sweden, where the company was founded.
This plant produces a wide range of Volvo models, including the XC90, XC60, and S90.
In addition to the Gothenburg plant, Volvo has several other production facilities in Europe.
The company’s plant in Ghent, Belgium, produces the V40, V40 Cross Country, and XC40 models.
Volvo also has a plant in Torslanda, Sweden, which produces the V90, V90 Cross Country, and S90 models.
Outside of Europe, Volvo has production plants in China and the United States. The company’s plant in Chengdu, China, produces the S90, XC60, and XC90 models.
Volvo’s plant in Ridgeville, South Carolina, is the company’s first manufacturing facility in the United States and produces the S60 sedan.
Overall, Volvo has a global presence and produces cars in several countries around the world.
While the company is based in Sweden, its production facilities are located in strategic locations to serve different markets and meet demand.
Volvo is a Swedish car manufacturer known for its high-quality vehicles.
One of the key components of any car is its engine, and Volvo has a long history of producing its own engines.
In this section, we will explore whether Volvo uses Ford engines and who makes Volvo engines.
Does Volvo Use Ford Engines?
Up until 2014, Volvo used a mixture of Ford engines and its own five-cylinder turbo units.
However, all the engines began to be replaced by Volvo’s new family of Swedish-designed and built four-cylinder turbo engines in 2014.
This means that Volvo no longer uses any Ford engines in its vehicles.
Who Makes Volvo Engines?
Unlike some other car manufacturers, Volvo designs and produces its own engines in-house.
Volvo has spent the last few years designing and developing new engines, which are produced at its Skovde engine facility at a pace of 2000 units per week.
The engines are part of Volvo’s new family of four-cylinder turbo engines, which are known for their high performance and fuel efficiency.
Volvo’s engines are highly regarded in the automotive industry, with the D4 diesel engine being considered the best in its class. The engines are known for their reliability, durability, and low emissions.
Geely has allowed Volvo to continue designing and producing its own engines, with a new-generation straight-6 engine introduced in 2006.
In conclusion, Volvo no longer uses any Ford engines in its vehicles and designs and produces its own engines in-house.
The engines are highly regarded in the industry for their performance, efficiency, and reliability.
Volvo Ownership History
Volvo, the Swedish car company, has had a complex ownership history over the years.
The company was founded in 1927 and was owned by AB SKF, a Swedish ball-bearing manufacturer, until 1935 when it was acquired by a group of investors led by Gustaf Larson and Assar Gabrielsson.
In 1999, Volvo sold its car division to Ford Motor Company for $6.45 billion. This move was part of Volvo’s strategy to focus on its core business of heavy trucks and construction equipment.
Ford’s ownership of Volvo Cars lasted until 2010 when it was sold to Zhejiang Geely Holding Group, a Chinese multinational automotive company.
Who Owns Volvo Trucks?
Volvo Trucks, on the other hand, has always been a part of the Volvo Group, which is a separate entity from Volvo Cars.
The Volvo Group was formed in 1927 and includes several divisions, including Volvo Trucks, Volvo Construction Equipment, Volvo Penta, and Volvo Financial Services.
As of 2023, the Volvo Group is still an independent company and is not owned by Ford or any other major automotive manufacturer.
The company is headquartered in Gothenburg, Sweden, and has operations in more than 190 countries around the world.
In recent years, the Volvo Group has made significant investments in electric and autonomous vehicle technology, positioning itself as a leader in the industry.
The company’s commitment to sustainability and innovation has helped it maintain its position as one of the world’s largest producers of heavy trucks and construction equipment.
Car Companies Owned by Geely
Geely is a Chinese automotive group based out of Hangzhou, Zhejiang. The company owns several car brands, including Volvo, Lotus, and Polestar.
Geely acquired Volvo Cars from Ford Motor Company in 2010. Volvo Cars is a Swedish luxury car brand known for its safety features.
Since Geely took over, Volvo has been able to expand its global reach and has introduced several new models, including the XC40 and the S90.
Lotus is a British car manufacturer known for its lightweight sports cars. Geely acquired a controlling stake in Lotus in 2017.
Since then, Lotus has been working on developing electric sports cars and has announced plans to build a new factory in China.
Polestar is a Swedish performance car brand owned by the Volvo Car Group as part of the Geely arrangement.
The company only started delivering its first cars in 2020 but managed to deliver 29,000 cars in 2021.
Polestar benefits from the technology and engineering expertise of both Volvo and Geely, and the company is focused on developing electric performance cars.
In summary, Geely is a major player in the automotive industry, owning several well-known car brands.
The company’s ownership of Volvo has allowed the Swedish carmaker to expand its global reach, while its ownership of Lotus and Polestar has given it a foothold in the luxury and performance car markets.
Jack is the owner, chief editor, and senior writer of this website.
Machinery, engines, and farming have always been a passion of his since he was a young boy. Growing up on a small farm in rural America, he learned the value of hard work and dedication from an early age.
After completing his degree in Engineering, he decided to follow his dream and became a farmer in 2009.
Since then, he has gained a wealth of knowledge and experience in the field. He has grown a variety of crops, tended to farm animals, and worked with all sorts of farming machinery. Continue reading…