Hannah Lutz revealed and article in Automotive Information entitled Another Purpose to Pitch the Worth of Service Contracts. Volvo Car Corporation, or Volvo Personvagnar AB, is a Swedish luxurious car producer, owned by the Chinese Zhejiang Geely Holding Group, formerly of Swedish ownership. Volvo Automotive Corporation was founded in 1927, in Gothenburg, Sweden. Volvo was originally fashioned as a subsidiary firm to the ball bearing maker SKF. When Volvo AB was launched on the Swedish inventory change in 1935, SKF offered many of the shares in the firm. Volvo Vehicles was owned by AB Volvo till 1999, when it was acquired by the Ford Motor Company as a part of its Premier Automotive Group. Geely Holding Group then acquired Volvo from Ford in 2010.
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