72-455: Geartronic is Volvo Cars ' name for its manumatic automatic transmission , similar to Porsche's Tiptronic . It is available in 4-, 5-, 6-, and 8-speed models, and is controlled by a microprocessor . The microprocessor automatically shifts to the next gear if a user in manual mode red lines the engine. Manual shifting is allowed with the gear stick in the manual mode. The gear stick can also be used just like any other automatic gearbox, where
144-667: A vehicle subscription offering called Care by Volvo , which offers the Volvo XC40 for a monthly payment that includes insurance and maintenance. Care by Volvo is offered in several European markets, such as Germany, the UK and Italy, as well as in the U.S. In February 2020, Volvo and Geely announced that they had started formal discussions about a merger of business. Geely had owned 100% of Volvo, but Volvo Cars had largely been allowed autonomy with its resources. These merger talks were later halted, and 18% of Volvo Cars shares were listed on
216-495: A Swedish bearing and seal manufacturing company founded in Gothenburg , Sweden , in 1907. The company manufactures and supplies bearings, seals, lubrication and lubrication systems, maintenance products, mechatronics products, power transmission products, condition monitoring systems and related services globally. SKF is the world's largest bearing manufacturer and employs 44,000 people in 108 manufacturing units. It has
288-409: A Volvo spokesman, denied that the company's vehicles were any less safe than the institute's top-rated vehicles, adding that It's just a philosophy on safety that is different from building cars to pass these kinds of tests. In 2006, Volvo's Personal Car Communicator (PCC) remote control was launched as an optional feature with the all-new Volvo S80 . Before a driver enters their car, they can review
360-603: A joint venture with Geely. In 2023, Volvo removed conventional engines as an option, meaning mild hybrids are the base engine option in the US. Volvo Cars owns 18% of Polestar and 50% of NOVO Energy ( electric vehicle batteries ), 100% of Zenseact (AD and ADAS software), and 100% of HaleyTek (Android-based infotainment systems). As of 2022, Volvo Cars has production plants in Torslanda in Sweden, Ridgeville, South Carolina in
432-757: A loss to Geely Holding for $ 1.8 billion; the deal closed in August 2010. Volvo Cars was publicly listed on the Nasdaq Stockholm stock exchange in 2021, though Geely Holding still retains majority ownership. Volvo Cars and AB Volvo share the Volvo logo, and cooperate in running the Volvo Museum . In March 2021, Volvo Cars announced that it would be a fully electric brand by 2030, with vehicles sold exclusively online. In June 2021, Volvo Cars and Swedish battery developer and manufacturer Northvolt announced
504-511: A pan India footprint consisting of 6 manufacturing facilities, 3 part of other SKF Units in India. SKF runs its own business excellence program for continuous improvement (Kaizen) of its business processes in all parts of the company. The program is based on previous initiatives like TQM and integrates with lean management also statistical methods of Six Sigma along with related project management . Many elements of this SKF program remind of
576-592: A shared ownership of Volvo Cars, as part of a larger consortium. Other rumored candidates to purchase Volvo Cars included BMW AG of Germany, Investor AB of Sweden, Chinese investors, and Russian investors. Although it was rumoured that Volkswagen would buy Volvo Cars, and despite initial denials, the company Geely Holding Group was ultimately selected to take over the Swedish automaker. Geely Holding allegedly bid about US$ 1.5 billion to take over Volvo, with Goldman Sachs investing HK$ 2.59 billion (US$ 334 million) in
648-671: A total net sales of 81.73 billion kr. SKF India, established in 1961, is the company's Indian subsidiary. SKF India is publicly listed on the National Stock Exchange of India and the Bombay Stock Exchange . The company has a large presence in the Indian bearing industry. As of 2021, SKF India has 3 manufacturing facilities and 12 offices across India. SKF India employs 1762 people, more than 1900 suppliers and 455 authorized distributors. In total SKF has
720-554: A variety of machine industry sectors. In 1917–1919 Arvid Palmgren, who started working as a research engineer in SKF, invented and patented the first design of the double-row self-aligning roller bearing (spherical roller bearing ), the production of which continues to this day. He graduated in civil engineering at KTH Royal Institute of Technology in Stockholm in 1916 and became a Doctor of Technology in 1930 with dissertation thesis on
792-544: Is Latin for 'I roll') was first registered by SKF on 11 May 1915 with the intention to use it for a special series of ball bearing for the American market but it was never used for this purpose (however in the application for the trademark, it was also designated for the purpose of automobiles ). The SKF trademark as it looks today was used instead for all the SKF-products. Some pre-series of Volvo-bearings stamped with
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#1732798704587864-757: Is a sponsor of F1. Then SKF became sponsor of Team Penske in the NASCAR Cup Series since 2012, Then in 2017 SKF became as Brad Keselowski sponsor in #2 Ford Fusion and #22 Ford Mustang in Xfinity Series , Previously, it is Sponsor of Richard Childress Racing , and Roush Fenway Racing , SKF is Sponsor of Ducati Corse in MotoGP since 2015. Another focus area is the energy sector, including wind turbines which generate electricity. By 2011, SKF Industrial Market, Regional Sales and Services, made up about 40% of SKF's total sales. In 2021, SKF had
936-841: Is a stub . You can help Misplaced Pages by expanding it . Volvo Cars Volvo Car AB , trading as Volvo Cars ( Swedish : Volvo personvagnar , styled VOLVO in the company's logo) is a Swedish multinational manufacturer of luxury vehicles . Volvo is headquartered in Torslanda , Gothenburg . The company manufactures SUVs , station wagons , and sedans . The company's main marketing revolves around safety and its Swedish heritage and design. Volvo Cars has been separate from its former parent conglomerate and producer of heavy trucks , buses , and construction equipment (among others) AB Volvo since 1999 when AB Volvo sold its automobile division Volvo Cars to Ford Motor Company for US$ 6.47 billion. On 28 March 2010, Ford sold Volvo Cars at
1008-555: The Blind Spot Information System (BLIS), which detects vehicles entering the vehicle's blind spot with a side-view-mirror-mounted camera, and alerts the driver with a light. That year also saw Volvos sold in all markets equipped with side-marker lights and daytime running lights. Also, since 2004 all Volvo models except for the coupes ( C70 and C30 ) are available with an all-wheel drive system developed by Haldex Traction of Sweden. In 2005, Volvo presented
1080-509: The Dutch government had participated in a joint venture at the former DAF plant in Born , Netherlands since 1991). Ford saw advantages in acquiring a profitable prestige mid-size European automobile manufacturer, well renowned for its safety aspects, as an addition to its Premier Automotive Group. The buyout of Volvo Cars was announced on 28 January 1999, and in the following year the acquisition
1152-812: The Nasdaq Stockholm stock exchange in October 2021. In early 2021 the company announced plans to completely stop selling fossil fuel-based cars by 2030, switching to electric-powered cars. The plan includes phasing out fossil-fuel-only cars by 2025, manufacturing only electric cars or hybrids. In 2021, Volvo Cars set up a joint venture with Geely for its hybrid engine operations. The new business, Aurobay will develop and market powertrain solutions, and as of 2022, includes Volvo Cars' engine plants in Skövde and Zhangjiakou , together with its powertrain research and development operations in Gothenburg . In June 2023, Ukraine blacklisted Geely due to its refusal to leave
1224-633: The Scalable Product Architecture (SPA) , and re-introduced an expanded -90 series of models, including the S90 sedan and Volvo V90 wagon in addition to a redesigned XC90 SUV. In 2015, Volvo sold more than half a million cars for the first time in its 89-year history. Volvo reported strong sales from all three core global regions. Sales in Europe rose 10% in 2015 to 269k, representing over 50% of total global volume. Volvo's revival in
1296-640: The Uddevalla plant in Sweden was opened, which was jointly operated by Volvo Car Group and Pininfarina Sverige AB from 2005 to 2013. In the early 1970s, Volvo acquired the passenger car division of the Dutch company DAF , and marketed their small cars as Volvos before releasing the Dutch-built Volvo 340 , which went on to be a big seller in the UK market in the 1980s. In 1986 Volvo sold 113,267 cars in
1368-680: The United Kingdom . Manufacturing operations were later established in multiple countries. In 1906, Sven Wingquist patented the self-aligning ball bearing , and in 1907, the multi-row self-regulating radial ball bearing (spherical ball bearing). He graduated Örebro Technical Elementary School in 1894, whereafter he started working as an engineer in Swedish textile factories, respectively Jonsereds Fabriker AB from 1896 to 1899 and Gamlestadens Fabriker AD from 1899 onwards. As an operations engineer responsible for repairs and maintenance at Gamlestadens Fabriker AD he sought opportunities to improve
1440-614: The seal manufacturer Chicago Rawhide . Since its founding, SKF's company headquarters have been located in Gothenburg. One recent acquisition was that of Economos, part of Salzer Holding , an Austria -based seal company, Jaeger Industrial and ABBA, Taiwanese manufacturers of linear actuators . The company's clients include General Electric , Rolls-Royce plc and Pratt & Whitney . It also supplies bearings for Ferrari racing vehicles, used in Formula One races, and
1512-438: The 740/940 (from 1982 on) in the 15% better than average category, the second from the top category. In 2005, when the American non-profit, non-governmental Insurance Institute for Highway Safety (IIHS) released its first annual "Top Safety Picks" vehicles list, none of Volvo's offered vehicles in the US were included on the list. According to Russ Rader, a spokesman for IIHS, Volvo lagged behind its competitors. Dan Johnston,
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#17327987045871584-541: The C70 featured a head-protecting airbag deploying upwards from the door, avoiding this problem. It has been stated by many testing authorities that side head protecting curtain airbags can reduce the risk of death in a side impact by up to 40% and brain injury by up to 55%, as well as protect occupants during a rollover. In 1998, Volvo introduced its Whiplash Protection System (WHIPS), a safety device to prevent injury to front seat users during collisions. In 2002, Volvo pioneered
1656-469: The City Council (1923– ); co-founder, donor and first chairman of Carlanderska hospital (1927– ), as well as board member of other companies, banks, associations and foundations established for the benefit of business and society. SKF grew as a global company because of his successful industrial and corporate managerial strategies for its startup and growth during the first 30 years - for example in 1930
1728-717: The PAG, the company significantly expanded its range of vehicles. Ford, in turn, attempted with little market success to leverage synergies from Volvo, namely by sharing a re-engineered platform and many safety features from the Volvo S80 with the Ford Five Hundred (et al.). After Ford sold Jaguar Land Rover to Tata Motors of India in 2008, the company initially decided to keep Volvo Cars despite mounting losses and major economic downturns. Ford decided to restructure plans for Volvo Cars, pushing it further upmarket, alongside
1800-671: The Russian market. In this regard, the Swedish authorities began to discuss the possibility of a boycott of Volvo Cars. The discussion was initiated by the Ministry of Defense of Sweden. In November 2023, Volvo Cars announced the launch of an Energy Solutions business, beginning with a vehicle-to-grid (V2G) pilot programme in Gothenburg along with local power utility Goteborg Energi. In 2024, Volvo Cars scrapped its goal of becoming fully electric by 2030, adjusting its strategy due to industry challenges. In November 2024, Volvo Cars announced
1872-558: The US gained momentum, with sales up 24% in 2015, while China was flat amid a challenging sales environment, but sales were up 11% in the fourth quarter. In July 2017, the automaker announced that beginning in 2019, all of its new models will include an electric motor in their powertrain. Implementation of the announcement could mean Volvo becoming the first manufacturer to end production of internal combustion -only vehicles, with all vehicles hybrid or electric powered. Between 2019 and 2021, Volvo plans to launch three electric cars under
1944-478: The US marking a record year for the company. The appearance of Japanese brands like Acura and Lexus and the growing popularity of Subaru station wagons in subsequent years meant the loss of a significant market share for Volvo, one which they have never regained. Volvo's long-time CEO Pehr G. Gyllenhammar saw early on that Volvo was too small to survive in the future, and attempted several times to merge with other manufacturers. Volvo nearly merged with Saab in
2016-622: The United States, Ghent in Belgium, and Daqing in China. Volvo was founded upon the concept of safety in 1927, in Gothenburg , Sweden: Cars are driven by people. The guiding principle behind everything we make at Volvo, therefore, is and must remain, safety. The company was created as a subsidiary to SKF . Assar Gabrielsson was appointed managing director and Gustav Larson technical manager . The trademark Volvo (which
2088-430: The Volvo 745 was recalled as the front seatbelt mounts could break in a collision. In 1998, Volvo installed a head-protecting airbag, which was made standard in all new models as well as some existing models. The IC head-protecting airbag was not available on the 1997 C70 since the initial design deployed the airbag from the roof, and the C70, being a convertible, could not accommodate such an airbag. A later version of
2160-663: The Volvo Museum, which opened in a permanent location in Arendal at Hisingen on 30 May 1995. For several years, the collection had been housed at the Blue Hangar, at the then closed Torslanda Airport . In 1999, Volvo Group decided to sell its automobile manufacturing business in order to concentrate on commercial vehicles, and to buy a 5% stake in Japanese automaker Mitsubishi Motors (with which Volvo Group along with
2232-454: The Volvo brand and two more under the Polestar performance brand. Volvo is one of the proponents of autonomous vehicles. On 20 November 2017, Uber announced that it planned to buy up to 24,000 Volvo cars designed to accept autonomous technology between 2019 and 2021. This non-binding intent includes a plan for Uber Advanced Technologies Group to design and build the self-driving system in
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2304-476: The XC90 SUV. In 2016, the companies announced that they planned to collaborate on the design and financing of cars with self-driving systems. Such vehicles require a different type of steering and braking mechanism, as well as sensors. The CEO of Volvo Cars, Håkan Samuelsson, made this comment in an interview: "We get support developing this car ... It’s also a big commercial deal." Also in 2017, Volvo announced
2376-426: The board of leading companies in Gothenburg, as co-owner and board member of the trade and textile company Johansson & Carlander and Gamlestadens Fabriker AB; co-founder and first chairmen of the board of SKF (1907– ); co-founder and first chairman of the board of shipping companies Swedish American Mexico Line ‘SAML’ (1911– ) and Swedish American Line ‘SAL’ (1914– ); board member of AB Volvo (1917– ); chairman of
2448-420: The board. His board members include vice-chairman Hans-Olov Olsson , a former president and chief executive of Volvo Cars, and Håkan Samuelsson , formerly chief executive of MAN . Under Geely ownership, Volvo has refocused its product lineup. The manufacturer has developed a new line of 3- and 4-cylinder diesel and petrol engines while eliminating larger engines. It has also developed a new vehicle platform ,
2520-429: The brand name 'Volvo' were manufactured but never released to the market, and it was not until 1927 that the trademark was used again, now as a trademark and company name for an automobile. The first Volvo car left the assembly line on 14 April 1927, and was called Volvo ÖV 4 . After this the young company produced closed top and cabriolet vehicles, which were designed to hold strong in the Swedish climate and terrain. In
2592-405: The capacity of ball bearings. The startup and growth of SKF depends not only on technical inventions but also on industrial and corporate management strategies and power. Axel Carlander was a co-founder of SKF as a co-owner and member of the board of Gamlestadens Fabriker AB, which corporate policy provided conditions for experimenting with the new bearing models and the startup of SKF, and also he
2664-423: The company had 12 factories with 21,000 employees, two-thirds outside Sweden. The main corporate strategies of SKF have always been focused on the development and maintenance of the manufactured bearings and the manufacturing bases. As an exception, in 1917 AB Volvo was established at SKF to construct an innovative type of car with the implementation of new bearings. In 1926, the subsidiary automobile company Volvo
2736-618: The company's history outside of Sweden, in Halifax, Nova Scotia, Canada . In 1964, Volvo opened its Torslanda plant in Sweden, which currently is one of its largest production sites (chiefly large cars and SUVs). Then in 1965, the Ghent , Belgium plant was opened, which is the company's second largest production site. This was also Volvo's first location producing cars within the European Economic Community . In 1989,
2808-432: The development of a virtual crash test dummy representing a midsized pregnant female. It was named Linda and was modeled in her 36th week of pregnancy to analyze the effects of high-speed impact on the womb, placenta, and fetus. Collaborating with Chalmers University of Technology , they also crafted a computer model of an average-sized female to advance their Whiplash Protection System (WHIPS). In 2004, Volvo introduced
2880-473: The doors and into the safety cage. In 1994, to add to its SIPS, Volvo was the first to introduce side airbags and installed them as standard equipment in all models from 1995. At the start of the 1995 model year, side impact protection airbags were standard on high trim-level Volvo 850s, and optional on other 850s. By the middle of the production year, they were standard on all 850s. In model year 1995, SIPS airbags became standard on all Volvo models. In 1995,
2952-520: The efficiency and endurance of the ball bearings used at the time. Due to that, he was interested in a comparative study from 1902 about ball and plain bearings by professor Richard Stribeck of the Institute of Technology in Dresden , Germany. Sven Wingquist invented the first design of combined self-aligning spherical ball bearing. It was a revolutionary upgrade of the first ball bearing design which
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3024-493: The first rear-facing child seat in 1964 and introduced its own booster seat in 1978. In 1991, the 960 introduced the first three-point seat belt for the middle of the rear seat and a child safety cushion integrated in the middle armrest. Also in 1991, it introduced the Side Impact Protection System (SIPS) on the 700 , 940 / 960 and 850 models, which channels the force of a side impact away from
3096-499: The founders of Volvo AB in 1926. In the beginning, the company functioned as a subsidiary automobile company within the SKF group. SKF funded the production run of the first thousand cars, built at Hisingen in Gothenburg , beginning in 1927. SKF used one of the company's trademarked names: AB Volvo, which derives from the Latin "I roll", with its obvious connotations of bearings in motion. The ownership of Volvo lasted until 1935, when
3168-558: The guidance of co-owners and members of the board Axel Carlander and Knut Johansson Mark, following the invention of the spherical ball bearing by engineer Sven Gustaf Wingquist . He was an operations engineer in Gamlestadens Fabriker AB and was then appointed CEO and technical manager in SKF. Industrialist Axel Carlander was the first chairman of the board of SKF from 1907 to 1937 during which time he implemented successful industrial and corporate managerial strategies for
3240-478: The holding company. Ford Motor Company offered Volvo Cars for sale in December 2008, after suffering losses that year. On 28 October 2009, Ford confirmed that, after considering several offers, the preferred buyer of Volvo Cars was Geely Holding Group, the parent of motor manufacturer Geely Automobile . On 23 December 2009, Ford confirmed the terms of the sale to Geely had been settled. A definitive agreement
3312-454: The industrial managerial experience and strategies of Axel Carlander. Sven Wingqvist , at the time a thirty-year-old plant engineer responsible for repairs and maintenance at Gamlestadens Fabriker, was dissatisfied with the performance of the ball bearings then in use. In spring 1907, Wingquist presented a breakthrough: a double row self-aligning ball bearing with a spherical raceway in the outer ring, shared by both rows of balls. This allowed
3384-439: The inner ring to align freely in relation to the outer ring, with no negative impact on the function of the bearing. The new bearing solved the problem associated with misalignment of the shafts and thus did away with the frequent production stops. Self-alignment was particularly useful in the less-than-perfect machinery of the times and in buildings with subsidence problems, which was the case at Gamlestadens Fabriker, since much of
3456-513: The intention to establish a 50/50 joint venture consisting of a battery gigafactory and R&D (research and development) center. In December 2021, it was revealed the battery R&D center would be located in Gothenburg. In February 2022, Gothenburg was also chosen as the location for the battery gigafactory. During 2021 and 2022, Volvo Cars transferred its hybrid engine research and production capabilities in Skövde and Zhangjiakou to Aurobay , in
3528-406: The land on which Gothenburg has been built is clay. On 16 February 1907, Wingqvist applied for Swedish patent No. 25406, a multi-row self-aligning radial ball bearing . The Patent was granted on 6 June in Sweden coinciding with patents in 10 other countries. The new ball bearing was successful from the outset. Three years after SKF was founded, the company had 325 employees and a subsidiary in
3600-482: The largest industrial distributor network in the industry, with 17,000 distributor locations encompassing 130 countries. SKF is one of the largest companies in Sweden and among the largest public companies in the world. The development of SKF is a significant part of the Swedish and global machine industry development. AB SKF was established in Gothenburg in 1907 with the initial capital and startup project for ball bearing manufacturing of Gamlestadens Fabriker AB, under
3672-654: The last shares were divested. During the Second World War , Sven Wingvist was CEO of SKF and Jacob Wallenberg was member of the company's board of SKF directors. The Wallenberg-owned ball-bearing multinational, SKF, supplied the German military with ball-bearings and ball-bearing machines, and had a monopoly on it in Europe. SKF also supplied the Allies with ball-bearings. SKF's ball-bearings were Sweden's most important strategic contribution to German war production. In
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#17327987045873744-597: The late seventies, while in 1978 an aborted affair would have seen the Norwegian state take over 40 percent of the company. In return, Volvo would receive 200 million SEK and a ten percent concession in the Oseberg oil field . Major institutional actors in Sweden opposed the deal and blocked it. A deal to merge with Renault was blocked in 1993, mainly opposed by a Swedish stockholders' association. A collection of Volvo's most important historical vehicles are now housed in
3816-490: The lingua franca of multinational corporations. In the 1970s SKF embarked on a massive production rationalisation program in Europe. A visionary project, "Production Concept for the 80s" was launched with the aim to run the night shifts practically unmanned. To increase productivity and safeguard the product quality, a continuous, automatic flow of bearing rings was needed, so SKF developed the FlexLink brand. FlexLink created
3888-448: The lower end of Mercedes and BMW sedans, wagons, and SUV crossovers. The outcome was the luxurious second generation Volvo S80 and the new small premium crossover Volvo XC60 . When the global economic crisis of 2008 threatened the US automakers, Swedish authorities became concerned about the fate of Volvo, should Ford file for bankruptcy. These concerns mounted after repeated mass-layoffs at Volvo. In December 2008, Ford announced that it
3960-502: The multiflex plastic chain conveyor system to solve the business requirements. SKF divested FlexLink as a separate company in 1997. Today, SKF Group continues to be a global leader in the manufacture and maintenance of increasingly advanced bearings, such as the SKF Explorer and SKF Energy Efficient (E2). SKF sells products within five technology platforms: The SKF Group currently consists of approximately 150 companies, including
4032-549: The profitable American market. The first Volvos arrived in the United States in 1955, after the hardware wholesaler Leo Hirsh began distributing cars in California. Later, Texas was added, and in 1956, Volvo themselves began importing cars to the US. North America has consistently provided Volvo with their main outlet since. In 1963, Volvo opened the Volvo Halifax Assembly plant, the first assembly plant in
4104-547: The registration application for Volvo logotype in 1927, they simply made a copy of the entire radiator for ÖV4, viewed from the front. The round logo with the arrow pointing to the right ( ♂ ) is the Greek alchemical symbol for iron . Presented in 1944, the Volvo PV444 passenger car only entered production in 1947. It was the smallest Volvo yet and became the most produced car that Volvo made, and spearheaded Volvo's move into
4176-501: The sale of its 30&% stake in Lynk & Co to Zeekr , at a price of RMB 5.4 billion. Volvo cars have long been marketed as safe and the company has stressed their historic reputation for solidity and reliability in marketing campaigns. Volvo uses high-tech safety systems as standard equipment in new vehicles. Prior to strong government safety regulation Volvo had been at the forefront of safety engineering. In 1944, laminated glass
4248-555: The second generation of Volvo C70 , which came with extra stiff door-mounted inflatable side curtains (the first of its kind in a convertible) dubbed 'DMIC'. Volvo's safety systems remained standard on all Volvo vehicles while under ownership of Ford Motor Company. Volvo had patented many of its safety innovations, including SIPS , WHIPS , ROPS , DSTC , and body structures. Some of these systems were fitted to other Ford and Premier Automotive Group vehicles in forms similar to those of Volvo systems. A 2005 Folksam report, put
4320-400: The security level and know whether they had set the alarm and if the car is locked. Additionally, a heartbeat sensor warns if someone is hiding inside the car. The S80 was also the first Volvo model to feature adaptive cruise control (ACC) with Collision Warning and Brake Support ( CWBS ). SKF AB SKF ( Swedish : Svenska Kullagerfabriken , 'Swedish Ball Bearing Factory') is
4392-571: The spring of 1944, the Swedish government, along with the Wallenbergs, promised the Allies that the export of ball-bearings would cease. However, SKF continued to export. When this could not be done legally, the ball-bearings were smuggled to Germany. As late as 1945, SKF sold ball-bearing steel and ball-bearing machines to Hitler. It has been estimated that the supply of ball-bearings prolonged World War II by two years. SKF actively worked to cut off
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#17327987045874464-452: The startup and growth of SKF and the establishment of its factories outside Sweden. Historically, the machine industry development and industrial production of innovative technical models depend on both engineering and industrial leaders, on the base of their educational, research and professional experience. In this context, the startup and growth of SKF has become possible due to the engineering experience and inventions of Sven Wingquist and
4536-520: The supply of ball-bearings to the defense industry in the US and instead supplied products from its American factories to Nazi Germany through subsidiaries in South America. In order to expand its international business, SKF decided in 1966 it needed to use the English language. Senior officials, although mostly still Swedish, all learned English in all major internal documents were in English,
4608-548: The transmission will shift automatically. Geartronic is offered on Volvo vehicles with engine displacements of 2.0 liters or greater. Geartronic transmissions are manufactured in Japan by Aisin AW . They require the use of automatic transmission fluid that meets the JWS 3309 specification. The MY2011 6-speed requires AW1 . This article about an automotive part or component
4680-539: Was completed at a price of US$ 6.45 billion. As a result of the divestiture , the Volvo trademark was used by two separate companies: Volvo Group completed its 5% deal with Mitsubishi in November 1999, but sold its stake back to Mitsubishi Heavy Industries in March 2001. Volvo Car Group was part of Ford Motor Company's Premier Automotive Group (PAG), along with Jaguar , Aston Martin and Land Rover . While part of
4752-441: Was considering selling Volvo Cars. Initially, a sale price of US$ 6 billion was reported. Ford said it was also looking into the possibility of spinning off Volvo as an independent company. The Swedish government was asked to look into a possible state ownership of Volvo, or a financial bailout for Volvo Cars and SAAB of GM. Former parent AB Volvo agreed to help Volvo cut costs through partnerships, and suggested taking part in
4824-497: Was founded as an engineering project by Assar Gabrielsson, Bjorn Prytz and Gustaf Larson, and separated as an independent company in 1935. With this innovative startup project, SKF once again contributed to the Swedish and global machine industry development. Axel Carlander was CEO of SKF from 1907 to 1937 and died in 1939. Sven Wingqvist was CEO of SKF from 1938 to 1953. Sven Wingqvist and Marcus Wallenberg were co-founders of Svenska Aeroplane Aktiebolaget (SAAB AB). By 1912, SKF
4896-460: Was introduced in the PV model. After Vattenfall engineers presented their pioneering work to Volvo in the 1950s, Volvo engineer Nils Bohlin invented and patented the modern three-point safety belt , which became standard on all Volvo cars in 1959, and then made this design patent open in the interest of safety and made it available to other car manufacturers for free. Additionally, Volvo developed
4968-411: Was invented and patented by Welsh iron-maker Philip Vaughan in 1794 and the first design of self-aligning spherical plain bearing which was invented by Scottish engineer James Nasmyth around 1840. The historical development of the bearing’s design is a result of revolutionary inventions and upgrades for improvement of their efficiency and endurance as well as broadening the scope of their application to
5040-809: Was represented in 32 countries and by 1930, a staff of over 21,000 were employed in 12 manufacturing facilities worldwide with the largest in Philadelphia , United States. SKF began its operations in India in 1923 by establishing a trading outpost in Calcutta . The early operations involved the importing of automotive bearings. SKF India Ltd was incorporated in 1961 following a collaboration between AB SKF, Associated Bearing Co. Ltd and Investment Corp. of India Ltd. In 1963, SKF set up its first bearing factory in Pune , Maharashtra. Assar Gabrielsson , SKF sales manager, and Björn Prytz , Managing Director of SKF, were
5112-644: Was signed on 28 March 2010, for US$ 1.8 billion. The European Commission and China's Ministry of Commerce approved the deal on 6 and 29 July 2010, respectively. The deal closed on 2 August 2010 with Geely paying $ 1.3 billion cash and a $ 200 million note. Further payments are expected with a later price "true-up". It is the largest overseas acquisition by a Chinese automaker. Stefan Jacoby , formerly chief executive of Volkswagen of America , became Volvo Car Group's president and chief executive on 16 August 2010, replacing Stephen Odell, who became chief executive of Ford Europe . Li Shufu became Volvo Cars' chairman of
5184-519: Was the first chairman of the board of SKF who applied successful managerial strategies to the company startup and its development during the first 30 years. He graduated from the Gothenburg Trade Institute in 1886 and he is second generation industrialist with education and significant managerial experience in the field of economics, trade and industry. He developed his industrial and corporate strategies as co-founder and chairmen of
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