Who is the biggest shareholder of Volvo?
The real owner of Volvo is Chinese automaker Geely. The company acquired the Swedish automaker from Ford in 2010 for $1. While Volvo completed an initial public offering in 2021, it remains a public subsidiary of Geely, which owns a majority stake in the company (78. Since 2010 Volvo Cars has been owned by the automotive company Geely Holding Group. Both AB Volvo and Volvo Cars share the Volvo logo and cooperate in running the World of Volvo museum in Gothenburg, Sweden.The real owner of Volvo is Chinese automaker Geely. The company acquired the Swedish automaker from Ford in 2010 for $1. While Volvo completed an initial public offering in 2021, it remains a public subsidiary of Geely, which owns a majority stake in the company (78.Zhejiang Geely Holding Group (Geely Holding), China’s largest private-owned automotive group, has made the decision to release more of its shareholdings in Volvo Cars in accordance to its long-term strategy to enhance the value of the Nasdaq Stockholm listed Swedish carmaker through an increase of liquidity and offer .Following a restructuring of Geely, ZGH was established as a holding company largely owned by Li Shufu in March 2003. ZGH acquired the Swedish passenger car maker Volvo Cars from Ford Motor Company in 2010.
Is Volvo better than BMW?
Volvo XC90: Is Volvo More Reliable than BMW? Volvo is generally considered more reliable, with 3. RepairPal rating. BMW has only 2. Volvo cars last up to 250,000 miles with about 20 years of extensive use. A: Some of the most prevalent issues with Volvo vehicles include excessive oil consumption, particularly in the S60 model, and transmission failure, which is common in the 2001 V70 and 2005 XC90.Which Years Were the Worst for Volvo XC90? The early model years of the Volvo XC90, particularly 2003 to 2007, are widely considered problematic. Among these, the 2007 XC90 is infamous as the worst year due to its persistent mechanical issues.Volvo XC90: Is Volvo More Reliable than BMW? Volvo is generally considered more reliable, with 3. RepairPal rating. BMW has only 2. Volvo cars last up to 250,000 miles with about 20 years of extensive use.Complex Electronic Issues Volvos come loaded with tech, but that means more things can go wrong. Touchscreen glitches, sensor malfunctions, and electrical gremlins are common complaints. The S90 and XC60, for example, have had issues with their infotainment systems freezing or failing.Volvo, struggling in an automotive market undermined by weak sales, Chinese competition and tariff upheavals, needs solid sales from core models like XC60 SUV and the electric EX30 and EX40 (see review) to return to profitability.
Is Volvo making money?
For the full year 2024, Volvo Car Group recorded a record-breaking core operating profit of SEK 27 billion. Revenue in 2024 amounted to an all-time high of SEK 400. The average Volvo Group salary ranges from approximately ₹ 4,50,566 per year for Purchaser to ₹ 20,79,664 per year for Product Owner.Volvo is currently owned by the Zhejiang Geely Holding Group, a company which owns over 15 other vehicle makers. Even with the wide array of brands that they own, the Zhejiang Geely Holding Group pays close attention to the unique aspects of each vehicle, continually working to make them better for drivers worldwide.Volvo Cars is owned 78. ZGH (post Volvo Cars IPO). ZGH acquired Volvo Cars from Ford Motor Company in 2010.Volvo Cars largest shareholder is Geely Sweden Holdings AB holding approximately 78. Company.Volvo Group salaries can vary greatly by role, ranging from ₹11,00,000 per year (or ₹529 per hour) for Engineer to ₹15,00,000 per year (or ₹721 per hour) for Senior Software Engineer. This is based on 1310 salaries submitted on Glassdoor by Volvo Group employees as of October 2025.
Is Volvo a good stock to buy now?
The consensus rating for Volvo B is Buy, based on insights from 16 analysts. Ask the average driver to take a guess whether Volvo or BMW is more reliable, and chances are they’ll pick Volvo. The general perception is that Volvos might not be as exciting to drive as BMWs, but they’re sound, reliable family vehicles, where BMWs are known for expensive repairs.However, as you compare the Audi vs. Volvo reliability, you’ll find the Volvo takes the lead with superior safety ratings, better fuel economy, and enhanced durability.Volvo is not well. The Swedish automaker, once known for the safety and quirkiness of its boxy wagons, just posted its worst sales figures for this year. Last month, Volvo sold 49,273 cars globally, a 14% drop year-over-year and the lowest volume so far in 2025.According to RepairPal, Volvo earns a reliability score of 3. However, repair costs, at around $769 per year, are slightly higher than the industry average.Volvo cars are quite safe and stylish but have some disadvantages. Firstly, their maintenance and repair costs are a bit higher, parts are costly and less available, especially in India.
Is Volvo 100% owned by Geely?
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. Who makes the engines for Volvo Cars? Since 2013, all petrol and diesel engines are proudly made by Volvo Cars at their Skövde, Sweden facility. This family of VEA engines (Volvo Engine Architecture) is produced for nearly all global markets.The estimated total pay range for a Director at Volvo Group is ₹21. L–₹71. L per year, which includes base salary and additional pay. The average Director base salary at Volvo Group is ₹32. L per year.On average, maintaining a Volvo costs about $1,051 annually, which is higher than the industry average of $891 for vehicle repairs and maintenance but still more affordable than some luxury competitors like BMW. Over a 10-year period, Volvo owners can expect to spend around $10,073 on maintenance and repairs.Volvo Cars sold 175,194 fully electric cars, an increase of 54%, and 177,593 plug-in hybrid cars, a 16%. Sales of electrified models accounted for 46% of all Volvo cars sold globally during 2024. China and the USA were the largest market for Volvo. The top-selling model was again the XC60.
Is Volvo better than Mercedes?
Is a Volvo SUV better to buy than a Mercedes-Benz SUV? Volvo automobiles tend to offer drivers better value for their hard-earned money than Mercedes-Benz vehicles. Volvo Cars imbue its cars with incredible safety technology, impressive performance capabilities, and efficient engines. When comparing the Subaru brand to the Volvo brand, Subaru has the advantage in the areas of new car pricing, used car pricing, depreciation, fuel efficiency and retained value. Volvo has the advantage in the areas of horsepower, towing capacity, overall quality, reliability, safety and variety of models offered.Volvo is the safest car brand in the world because it has consistently proven itself in safety testing, been a leader in safety innovations for decades, focused on accident prevention through features and handling, and prioritized the safety of everyone on the road.In conclusion, Toyota and Subaru both offer exceptional vehicles with a range of features and capabilities, Subaru stands out as the superior choice for drivers seeking a blend of safety, reliability, versatility, and value.Volvo is generally considered more reliable, with 3. RepairPal rating. BMW has only 2. Volvo cars last up to 250,000 miles with about 20 years of extensive use.