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Volvo Cars, or Volvo Personvagnar, is a swedish automobile maker founded in 1927 in the city of Gothenburg in Sweden.
Volvo was formed as a subsidiary company to the ball bearing maker SKF. It was not until 1935 when Volvo AB was introduced on the Swedish stock exchange that SKF sold most of the shares in the company. Volvo Cars was owned by AB Volvo until 1999, when it was acquired by the Ford Motor Company and placed in its Premier Automotive Group. Volvo is a premium manufacturer and competes with Acura, Audi, BMW, Cadillac , Infiniti , Lexus, Mercedes-Benz and Saab producing cars ranging from luxury SUV's and wagons, mid size and entry level luxury sedans to compact executive sedans and coupes. Volvo has 2,500 dealerships worldwide in 100 markets; 60 percent of sales come from Europe, 30 percent from North America, and the other 10 percent is from the rest of the world.
The Volvo brand has a reputation for comfort, solidity and longevity, but the cars are often compared with tractors, partially because Volvo also make tractors, but also because the cars are considered slow and heavy. Volvo owners are often proud of achieving prodigious mileages. According to Norwegian figures the average age at scrapping of Volvos is second only to Mercedes at 19.8 years. More recent models have moved away from the boxy styles favoured in the 1970s and 1980s (satirised in the film Crazy People with the slogan "they're boxy, but they're good") and have also acquired a reputation for sporting performance, following on from the racing success of the 850 series. Reliability is currently somewhat better than average. In the USA Volvo dealers are listed by Forbes as one of the best among all carmakers (9th)and luxury carmakers (6th). Brand loyalty has historically been high.
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