Volvo is a Swedish luxury automobile maker. It is headquartered in Torslanda, in Gothenburg, Sweden. The company manufactures and markets sport utility vehicles (SUVs), station wagons, sedans and compact executive sedans. The Volvo Group was founded in 1927 as a subsidiary of the ball bearing manufacturer SKF. When AB Volvo (now a separate company) was introduced on the Stockholm stock exchange in 1935, SKF sold most of its shares in the company. Its cars are marketed as being safe, solidly built and reliable while emphasizing their Swedish heritage and design. The heavy truck and construction equipment conglomerate AB Volvo and Volvo Cars have been independent companies since AB Volvo sold Volvo Cars to the Ford Motor Company in 1999. Volvo Cars has been majority-owned since 2010 by the Geely Holding Group. Both AB Volvo and Volvo Cars share the Volvo logo, and cooperate in running the Volvo Museum. With approximately 2,300 local dealers from around 100 national sales companies worldwide, Volvo Cars' largest markets are China, the United States, Sweden and other countries in the European Union. Most of its worldwide employees are based in Sweden. Volvo is a subsidiary of the automotive company Geely. In 2019, Volvo announced that it plans to produce only electrified cars from the year 2040 onward. This article uses material from the Wikipedia article, which is released under the Creative Commons Attribution-Share-Alike License 3.0.