Volvo was founded as a subsidiary of SKF (the ball bearing manufacturer) in 1915. First in 1924 the idea to built a car, for the rough roads and cold
temperaturs in Sweden, was carried out by a sales man and an engineer of SKF. In 1927 the first car leaves the factory, followed by the first truck one year later. Volvo means
"I roll" and refereces to the ball bearings of SKF. To Volvo Trucks belong Renault, Mack and UD Trucks (Nissan Diesel Trucks), these are subsidiaries and mostly parts are
exchanged. Next to trucks is the Volvo Group also producing construction machinery, busses, diesel engines and cars. In the meantime Volvo is now one of the biggest truck
manufacturers in the world and produces about 100,000 trucks per year.