Volvo is a Swedish multinational manufacturing company headquartered in Gothenburg. Founded in 1927 Volvo cars are now sold in around 100 countries. In 2015 Volvo was the world’s tenth largest manufacturer of motor vehicles with sales of over 502000 vehicles.
Volvos have always been marketed as premium vehicles and are therefore more expensive than other cars in the same class. For example a Volvo V70 wagon start at around $38000 while a Toyota Camry wagon starts at around $26000.
Some people mistakenly believe that because Volvo is Swedish it must be a foreign car. However Volvo is actually part of the Ford Motor Company which is based in the United States. Ford purchased Volvo in 1999 for $6.45 billion.
Volvo is considered a foreign car in the United States for two main reasons:
1. The company is headquartered in Sweden.
2. Most of the vehicles sold in the United States are assembled in Belgium or Sweden.
Despite being owned by an American company Volvos are still considered foreign cars in the United States. This is because Volvo cars are not manufactured in the United States. In fact very few Volvos are actually sold in the United States. In 2015 Volvo only sold around 79000 cars in the United States which is just a fraction of the company’s overall sales.
If you’re looking for a foreign car Volvo is a good option. However if you’re looking for an American car you might want to consider other options.
Is a Volvo a foreign car?
Yes Volvo is a foreign car.
Volvo Cars is a Swedish multinational manufacturing company headquartered in Gothenburg.
Where is Volvo Cars headquartered?
Volvo Cars is headquartered in Gothenburg Sweden.
What type of company is Volvo Cars?
Volvo Cars is a Swedish multinational manufacturing company.
When was Volvo Cars founded?
Volvo Cars was founded on April 14 1927.
Who founded Volvo Cars?
Volvo Cars was founded by Assar Gabrielsson and Gustaf Larsson.
What was the first car ever made by Volvo Cars?
The first car ever made by Volvo Cars was the Volvo ÖV 4 which was released in 1927.
What do the letters “ÖV” stand for in Volvo ÖV 4?
The letters “ÖV” in Volvo ÖV 4 stand for “Open Car”.
What was the original purpose of the Volvo ÖV 4?
The original purpose of the Volvo ÖV 4 was to be a car that could withstand the rigors of the Swedish climate and roads.
How many cars did Volvo Cars sell in its first year?
Volvo Cars sold 10000 cars in its first year.
What was the price of the Volvo ÖV 4 when it was first released?
The price of the Volvo ÖV 4 was 3825 Swedish kronor.
What is the current price of a Volvo ÖV 4?
The current price of a Volvo ÖV 4 is unknown as they are no longer in production.
When did production of the Volvo ÖV 4 end?
Production of the Volvo ÖV 4 ended in 1929.
How many Volvo ÖV 4s were produced?
A total of 8444 Volvo ÖV 4s were produced.
What was the last car produced by Volvo Cars before it was sold to Ford?
The last car produced by Volvo Cars before it was sold to Ford was the Volvo S80.
When was Volvo Cars sold to Ford?
Volvo Cars was sold to Ford on January 28 1999.