How can you buy Volvo shares?
Volvo is a well-known Swedish car brand. Especially in economically good times people buy many cars: an investment in a car brand like Volvo can therefore be a good idea. In this article we look at how to buy Volvo shares. You can also find the latest stock price of Volvo here.
When you have confidence in the economy, it can be smart to buy Volvo shares. When people have a lot to spend, they are more likely to buy a new car. It is important to keep a close eye on how the competitors are performing. When the brand loses popularity, it might be better to invest in another car brand. At eToro you can buy Volvo shares without paying commissions. Use the button below to open an account at eToro:
How can you actively invest in Volvo?
Do you have enough time and do you want to actively trade in the Volvo share? Then you can join the broker Plus500! Plus500 is a CFD broker. With CFD’s you can speculate in increases and decreases of the price of the Volvo share. You do not pay any fixed commissions, which makes it possible to achieve a favourable result with any amount. Would you like to try the possibilities for free with a demo? Use the button below to open a demo on Plus500:
What is Volvo’s stock price?
In the graph below you can follow the development of the Volvo stock price. You can also open a CFD position on the share directly with the buttons.
About the company Volvo
Volvo is a well-known Swedish car brand. The cars are produced by the Volvo Car Corporation. The brand was founded during a board meeting on May 10, 1926. At its foundation, the brand was owned by the ball bearing manufacturer SKF. The initiative to establish Volvo was taken by the head of sales Assar Gabrielsson and Gustaf Larson.
The ball bearing factory SKF
The history of Volvo doesn’t start with cars but with ball bearings. The AB Svenska Kullager Fabriken (SKF) was founded in 1907. In 1914, an employee of SKF was sent to the United States to investigate whether a cheap ball bearing named Volvo was viable: research showed that this was the case. In 1915, Volvo was registered as a trademark by SKF. The brand name Volvo, Latin for I roll, applied to ball bearings and later to cars.
The Volvo passenger cars
The very first Volvo, the Volvo 04, was shown to the world on April 14, 1927. Volvo grew steadily after their introduction of this first passenger car.
A big step in the passenger car market was taken after the Second World War by introducing the Volvo P444. From 1956, under the leadership of Gunnar Engellau, Volvo really started to grow. Volvo set foot on the American market. They also opened new factories in Gothenburg and in Ghent.
In 1974, the Dutch car manufacturer DAF was taken over. The DAF 66 became the Volvo 66. The successor developed by DAF came on the market as the Volvo 343. With the solid Volvo 240 and Volvo 740, Volvo did not have a sporty image in the eighties. That is why the sporty Volvo 480 ES was introduced in 1985. Other models followed, such as the Volvo 440 (1988) and the Volvo 460 (1989).
Volvo is a relatively small player in the automotive market. That is why Volvo decided to sell its passenger car division. The passenger car division was bought in 1999 by the American car brand Ford.
Volvo Car is sold to Geely
Ford decided to reconsider its future plans with Volvo. In 2010 Volvo was sold to Zhejiang Geely Holding Group Co. Ltd. For this Chinese company, Volvo is the second car market, as this company also owns the Chinese car brand Geely.
The 570,000 cars sold by Volvo in 2017 went to major markets including China, the United States and Sweden.
In Europe, Volvo’s factories are located in Ghent and Gothenburg. The factory in Gothenburg was expanded in 2015. The factory can now produce 300,000 cars per year. In China, from 2013 onwards, Volvo car factories have been located in Chengdu and Daqing. In the US, a new factory was built in Charleston (North Carolina). The first cars rolled out of the factory at the end of 2018.
Volvo and safety
In the field of safety, Volvo plays a pioneering role. The company is known for its many innovations in the area of safety. For example, an engineer working at Volvo invented the three-point belt in 1959. Wearing a three-point belt increases the chance of surviving an accident by 50%.
When I was 16, I secretly bought my first stock. Since that ‘proud moment’ I have been managing trading.info for over 10 years. It is my goal to educate people about financial freedom. After my studies business administration and psychology, I decided to put all my time in developing this website. Since I love to travel, I work from all over the world. Click here to read more about trading.info! Don’t hesitate to leave a comment under this article.