Volvo is currently owned by the Zhejiang Geely Holding Group, a company which owns over 15 other vehicle makers. Even with the wide array of brands that they own, the Zhejiang Geely Holding Group pays close attention to the unique aspects of each vehicle, continually working to make them better for drivers worldwide. Learn more about who owns Volvo and who makes the Volvo models in this guide from Volvo Cars Waterloo.
The Zhejiang Geely Holding Group is based in Hangzhou, which is located in south-east China’s Zhejiang Province. The company launched their automotive business in 1997 and eventually took over ownership of the Swedish-made Volvo brand in 2010. So, the Zhejiang Geely Holding Group owns the brand, but who makes Volvo cars? After being a part of the Ford Motor Company for a brief period of time, Volvo vehicles are now manufactured by the Geely Holding Group.
The Volvo car line and Volvo truck line have been separate entities since 1999, but the Zhejiang Geely Holding Group, who currently owns the car lineup, has invested an 8.2 percent stake in the truck lineup with the goal of reuniting them. Though no changes are expected to be coming immediately, the transition is planned to occur sometime in the future.
Cambridge-area drivers can still expect the exquisite Scandinavian design, human-centric innovation, and cutting-edge technology that have come to be synonymous with the Volvo brand. With recent advancements in both production and design, Volvo vehicles are becoming more sustainable and safe. Eco-friendly Volvo models are being equipped with the latest safety technologies to add an extra level of confidence to your Waterloo region or Kitchener commute. Whether you choose a Volvo XC90 SUV or a sleek Volvo S60 Sedan, you can count on driving a vehicle that is luxurious, safe, well-equipped, and capable of delivering quality performance.
Eager to try out a new Volvo? Head on over to Volvo Cars Waterloo. In our terrific new Volvo inventory, you’ll find all of the latest models, and with our new vehicle specials you’ll be able to take advantage of our current money-saving offers. Whether you’re planning an epic road trip, or just heading out to enjoy the fun things to do in Waterloo, a new Volvo will get you there safely and in style. We also carry a great selection of used cars as well as low-mileage, like-new Certified Pre-Owned Volvo Vehicles. If you have any questions, or would like to schedule a test drive, please don’t hesitate to contact us.
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