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The Volvo Group is a Swedish supplier of commercial transport solutions providing products such as trucks, buses and construction equipment, drive systems for marine and industrial applications, aerospace components and financial services. The then auto manufacturer was founded on April 14, 1927 in the city of Gothenburg, as a spin-off from the roller ball bearing maker SKF. Volvo delisted from NASDAQ in June, 2007, but remains listed on the Stockholm exchange. Volvo means "I roll" in Latin, conjugated from "volvere". The name Volvo was originally registered in May 1911 as a separate company within SKF AB and as a registered trademark with the intention to be used for a special series of ball bearing, but this idea was only used for a short period of time and SKF decided to use "SKF" as the trademark for all its bearing products. The company AB Volvo had no activities until 10 August, 1926 when the SKF Sales Manager Assar Gabrielsson and Engineer Gustav Larson, after one year of preparations involving the production of ten prototypes, set up the car-manufacturing business Volvo AB within SKF group. Volvo AB was introduced at the Stockholm stock exchange in 1935 and SKF then decided to sell its shares in the company. The first series produced Volvo automobile, the Volvo OV 4, left the factory on 14 April, 1927 which became the official date for the founding of Volvo. In 1998 Volvo sold its car division to Ford. Repeated reports in the media about Ford selling off its Volvo brand have been refuted by the company. 
The Volvo brand, which has been built up over decades, is one of the world's best known and respected brand names. Volvo Group's purchase of Renault Trucks and Mack Trucks in 2001 created Europe's largest and the world's second largest producer of heavy trucks with a broad product program. Mack is one of the most well known truck brands in North America while Renault Trucks holds a special position in Southern Europe. Nissan Diesel is one of the world's leading manufacturers of trucks and buses. Prevost Car, owned by Volvo Bus Corporation, is the leading North American manufacturer of premium touring coaches and bus shells for high-end motorhomes and specialty conversions. Nova Bus, part of Prevost, stands as a North American leader in the design, production and marketing of urban transit buses. 
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