Volvo Cars is a Swedish luxury vehicles company. It is headquartered on Torslanda in Gothenburg and is a subsidiary of Chinese automotive company Geely. The company manufactures and markets sport utility vehicles, station wagons, sedans and compact executive sedans. The Volvo Group was founded in 1927 as a subsidiary of the ball bearing manufacturer SKF. When AB Volvo was introduced on the Stockholm stock exchange in 1935, SKF sold most of the shares in the company.
Volvo ÖV 4 was the first car built by Volvo. The designation ÖV 4 stands for "Öppen Vagn 4 cylindrar" in Swedish, which means Open Carriage 4 cylinders. The model ÖV 4 was often referred to as "Jakob" but that was just a name for one of the 10 pre-series ÖV 4 that was ready on 25 July, Jakob's name-day