No, Volvo is not owned by Ford. While Ford Motor Company did own Volvo Cars for several years, the ownership of Volvo Cars has since changed. Currently, Volvo Car Group is owned by Zhejiang Geely Holding, a company based in China [[8]].
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What car brands are owned by Ford?
Ford Motor Company: Ford, Lincoln, Troller. General Motors: Cadillac, GMC, Chevrolet, Holden. Renault-Nissan-Mitsubishi Alliance: Renault, Nissan, Infiniti, Dacia, Datsun, Samsung Renault, Lada, Mitsubishi. Hyundai Motor Group: Hyundai, KIA.
Is Volvo a Ford company?
Renowned for their years of leadership in automotive safety, Volvo Cars was purchased by the Ford Motor Company and remained part of their Premier Automotive brands from 1999 to 2010. The automaker is now owned by Geely Automobile, a major automotive brand based in China.
When did Ford sell Volvo?
28 March 2010
On 28 March 2010, Ford sold Volvo Cars at a loss to Geely 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 still retains majority ownership.
What luxury car does Ford own?
Lincoln
Lincoln is the luxury automotive brand of Ford Motor Company, committed to creating compelling vehicles with an exceptional ownership experience to match.
Is Volvo and Volkswagen made by the same company?
Volkswagen AG (Germany) owns Audi, Bentley, Lamborghini, Porsche, Scout, and Volkswagen. Zhejiang Geely Holding Group (ZGH, China) owns Lotus, Polestar, and Volvo.
When did Ford buy out Volvo?
1999
Who owns Volvo Cars? The Ford Motor Company purchased Volvo Cars in 1999, then sold them to Geely Automobile in 2010.
Is Volvo using Ford engines?
Until 2014, Volvo Cars used some engines of its own and others from Ford. Now, however, the Volvo Engine Architecture (VEA) set of engines is found in all Volvo vehicles. This family of three- and four-cylinder engines are entirely designed by the Scandinavian company.
What luxury car brand does Ford own?
Lincoln
Lincoln is the dedicated luxury brand of the American Ford Motor Corporation which, as the title indicates, is also home to the Ford vehicle brand.
Who is Volvo owned by?
Zhejiang Geely Holding of China
Volvo Car Group is owned by Zhejiang Geely Holding of China. The head office, product development operations, marketing, and administrative efforts are still mainly located in Gothenburg, the birthplace of Volvo Cars.
Why did Ford buy Volvo?
As with the merger of the former Daimler-Benz AG and Chrysler Corp., Ford and Volvo were a natural fit. Ford had cash and a gap in its product line. Volvo was a small player in need of a wealthy parent.
