Volvo Cars, the passenger vehicle manufacturer, is currently owned by the Chinese multinational company Zhejiang Geely Holding Group, which acquired it from Ford in 2010. Meanwhile, Volvo Group (AB Volvo), which manufactures trucks, buses, and industrial machinery, is a separate publicly traded company with various shareholders, including Geely as a significant partner but not the sole owner. Volvo Cars maintains autonomy as a European luxury brand with headquarters in Gothenburg, Sweden, and production facilities worldwide. Both entities keep the Volvo brand's heritage of safety, quality, and innovation despite being distinct companies operating in different segments of the automotive industry.
