Volvo is a premium automotive brand with unique appeal
and has a world-class reputation for safety, quality, durability and environmental
In January 1999, Ford Motor Company reached an agreement with AB Volvo to buy its worldwide passenger vehicle business, Volvo Cars, for a
price of $6.45 billion. The truck business still remains independent.
Volvo Cars is member of Ford Premier Automotive Group with Aston Martin,
Jaguar, Land Rover and Lincoln.