This article discusses the similarities between Volvo and VW. Volvo is owned by the Zhejiang Geely Holding Group, which also owns other car brands. VW has more than 3 million active connected cars across the globe, and is expected to report revenues of about 500 million crowns in 2018. Volvo intends to focus on commercial vehicles after selling Volvo Cars in 1999. – Zhejiang Geely Holding Group bought the company in 2010, and since then Volvo Cars has been owned by the Chinese automobile manufacturer. In 2019, Volvo also bought a majority stake in WirelessCar from Ford Motor Company. This acquisition gave Volvo ownership of its vehicles’ connected services, allowing it to further develop its vehicles for active connected car services. According to a statement from Volvo, this move is part of a plan to focus its core business on commercial vehicles and report revenues through those products.
This move has led to questions about the relationship between Volvo and Volkswagen. While both companies have manufactured Volvo vehicles, they have been completely separate entities since 2010 when Chinese company Zhejiang Geely Holding purchased the Swedish carmaker from Ford Motor Company. In addition, Volvo was previously owned by Ford Motor Company, which had acquired it in 1999 from longtime owner AB Volvo. Following the acquisition of Volvo by Zhejiang Geely Holding, the company sold its own entity, which was then known as Geely Automobile Holdings and later became part of the larger Geely Holding Group. At that time, Volkswagen was still a separate entity and had not yet acquired any of its other vehicle makers such as Land Rover, Jaguar or its longstanding Mercury division.
So the answer to the question “Is Volvo and VW the same?” is no. Although Volvo is owned by the Volkswagen Group, it is still considered a separate entity. The Volkswagen Group is a German luxury car company that includes brands such as Bentley, Audi, Lamborghini and Bugatti. On the other hand, Volvo was originally a Swedish brand and is now owned by Geely Automobile Corporation of China.
Volvo does not belong to Volkswagen Group. The Genesis brand was founded in 2015 and mainly produces cars of luxury classes. Audi, Porsche, Bentley, Ford, Skoda Auto and Volvo are all part of Volkswagen Group. Volkswagen Group sells vehicles under these brands as well as some other brands such as Lamborghini, Scania and Ducati. The majority of the company’s sales come from its core brands such as Audi, Porsche, Bentley and Ford. A vast majority of the cars sold by the group are Skoda models. However, despite its vast presence around the world with many popular car brands under its umbrella including Lamborghini, Bentley and Porsche to name a few; Daimler AG is a separate entity from VW Group and owns Mercedes-Benz which is quite different from Volvo’s vehicles in terms of design and technology.
Volvo has built its brand around safety and its loyal consumers appreciate the quarterly balance sheet that comes out with the sales of its diesel vehicles. For decades Volvo has been known as one of the safest cars on the road, enabling car owners to have that peace of mind when driving their families around. This is due to Volvo’s innovative 3-point safety harness back in 1959 which was open for use by other car manufacturers which earned them respect from both consumers and regulators. This is also a testament to their commitment in putting safety over ownership as they created this open patent for the good of the world.