Volvo has been around since 1927. Volvo Cars sells its cars in approximately 100 countries, sales in 2015 totaled 503,127 cars. Volvo Cars was part of the Volvo Group (Sweden), and in 1999 it was acquired by the American company Ford Motor Company. In 2010, Volvo Cars was acquired by Geely Holding.
As of December 2015, Volvo Cars had over 29,000 employees worldwide. Volvo Cars headquarters, product development, marketing and administrative functions are concentrated in Gothenburg (Sweden). Volvo Cars’ China Development Headquarters is located in Shanghai, China. The main production enterprises of the company are located in Gothenburg (Sweden), Ghent (Belgium) and Chengdu (China). Engines for Volvo cars are produced at the factory in Schövd (Sweden) and Zhangjiakou (China), body parts are produced at the factory in Olofström (Sweden).