By Editor The Volvo Group, officially known as Aktiebolaget Volvo, or simply AB Volvo, is a worldwide manufacturing company based in Sweden. In Latin, it is the conjugation of “volvere” and means “I roll”. The headquarters of AB Volvo (publ), a Swedish company founded in 1915, are located in Gothenburg. Volvo provides financial services as well as industrial and marine drive systems in addition to its primary business of manufacturing, distributing, and selling trucks, buses, and construction equipment. The business uses a network of dealers to sell its goods and services.
Volvo– Quick Overview
| Details | Info |
| Origin Country | Sweden |
| Founded | 1927 |
| Founder | Assar Gabrielsson and Gustav Larson |
| Headquarters | Gothenburg, Sweden |
| MD/CEO | Jim Rowan |
| Hubs | Global manufacturing and R&D hubs in Sweden, Belgium, USA, China, and other regions |
| Subsidiary | Polestar (minority stake), Zenseact, HaleyTek |
| Owner | Zhejiang Geely Holding Group (majority owner) |
| Net Worth (Approx.) | ~$20–25 billion market capitalization |
| Official Website | https://www.volvocars.com/ |
Net Worth and Market Cap
As of February 13, 2026, AB Volvo’s market capitalization, or net worth, is 708.05 billion. In just one year, its market capitalization has grown by 18.62%. The company is worth 882.69 billion.
Corporate Leadership
About 99 years ago, in 1927, Assar Gabrielsson and Gustav Larson established Volvo. The company’s chairman is Pär Boman, and its president and chief executive officer is Martin Lundstedt.
Overview of Services
Prior to its 1999 sale to the Ford Motor Company, the Gothenburg-based automaker Volvo Cars was a part of AB Volvo. Through its subsidiary Volvo Trucks, it was the second-largest heavy-duty truck manufacturer in the world in 2016.
The company sells city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands; heavy-duty trucks for construction and long-distance driving; and light-duty trucks for distribution under the Volvo, Mack, Renault Trucks, Eicher, and Dongfeng Trucks brands.
Additionally, it offers road construction equipment, wheel loaders, excavators, haulers, and compact equipment under the Volvo, SDLG, and Rokbak brands. Under the Volvo Penta brand, the corporation also provides engines and power solutions for commercial vessels, recreational boats, and yachts, as well as for industrial off-highway applications and power production.
In addition, it offers financing, attachments, leasing, machine control systems, customer support agreements, insurance, rentals, spare parts, preventive maintenance, repairs, uptime and service agreements, and assistance services.
Scale of Operations
The business is divided into several segments, including Financial Services, Group Functions & Other, Volvo Penta, Construction Equipment, Trucks, and Buses. In Europe, South America, North America, Asia, Africa, and Oceania, AB Volvo (publ) and its subsidiaries produce and market trucks, construction equipment, buses, and marine and industrial engines.