
Three years earlier, two employees of ball bearing manufacturer AB SKF, Assar Gabrielsson and Gustaf Larson, decided that Sweden needed a car industry. So, they founded Volvo – Latin for ‘I roll’ – as a subsidiary of AB SKF. The company went on to produce their first truck in 1927; in 1934, they manufactured their first bus; and after World War II, a very successful line of tractors.
For more information about Volvo through the years, see the history page on their web site.