Volvo Press Conference at New York International Auto Show-Twenty Fourteen
Volvo is a Swedish multinational manufacturing company headquartered in Gothenburg, Sweden. Its principal activity is the production, distribution and sale of trucks, buses, and construction equipment. Volvo also supplies marine and industrial drive systems, and provides financial services. Although Volvo was established in 1915 as a subsidiary of AB SKF, a Swedish ball bearing manufacturer, the auto manufacturer considers itself officially founded on 14 April 1927, when the first car, the Volvo ÖV 4 series, affectionately known as “Jakob”, rolled out of the factory in Hisingen, Gothenburg.
Volvo means “I roll” in Latin, conjugated from “volvere”, in relation to ball bearing. 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 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.
In 1924, Assar Gabrielsson, an SKF Sales Manager, and Engineer Gustav Larson, the two founders, decided to start construction of a Swedish car. Their vision was to build cars that could withstand the rigors of Sweden’s rough roads and cold temperatures.
The company AB Volvo had no activities until 10 August 1926. After one year of preparations involving the production of ten prototypes, was set up to carry out the car-manufacturing business within the SKF group. AB Volvo was introduced at the Stockholm stock exchange in 1935 and SKF then decided to sell its shares in the company. Volvo was delisted from NASDAQ in June 2007, but remains listed on the Stockholm exchange.
In 1999, Volvo sold its car division Volvo Cars to Ford Motor Company for $6.45 billion. The Volvo trademark was shared between AB Volvo, where it is used on heavy vehicles, and the unit of Ford, where it was used on cars. Volvo stopped posting profits in 2005, and in 2008, Ford decided to sell its interest in Volvo Cars.
In August 2010, Ford completed its sale of Volvo Cars to the Chinese motor manufacturer Geely Automobile (Zhejiang Geely Holding Group) for $1.8 billion.
Ford Press Conference for Focus and 50 years of Ford Mustang
Ford Motor Company debuts the 2015 Ford Focus and 2015 Ford Focus Electric at its New York Auto Show press conference on April 16.
The Focus range was updated slightly with a new engine option and additional tech features. One of the most notable is the inclusion of a back-up camera standard on all models. It will appeared either on a 8-inch screen that also features an advanced SYNC AppLink system. The system will allow users to link to more than 60 apps available through either the Apple App Store or Android Market.
Consumers can also choose from a new SE Sports Package that includes new body treatments, paddle shifters for automatic transmission, a sports suspension and 17-inch black gloss aluminum wheels.
2015 Mustang 50 Year Limited Edition in Wimbledon White unveiled at Ford’s press conference at the 2014 New York International Auto Show.
Fifty years after the introduction of the Ford Mustang at the World’s Fair, today the company will celebrate the milestone with events happening around the globe.
Ford Mustang will become the newest member of a very exclusive club – vehicles in continuous production for 50 years. In its first 49 years, Mustang has gained a worldwide base of avid fans, including more than 5 million see articles and videos about the Ford Mustang and celebration of 50 years of continuous production.
World Liberty TV, Motor Team was on hand at the Ford Press Conference ,Where The Ford Focus Debuted as well as the Mustang, presentations were done by Executive Chairman and the Great Grandson of Henry Ford, Bill Ford, Jr and Mark Fields COO, of Ford Motor Company.