1924-2003 Volvo History

1924-2003 Volvo History. These were finished in spring 1926. Some acquired nicknames, such as the light-green ‘Mermaid’, the attractive, red ‘Little Troll’ and the ‘Jakob’, commemorating the day that Volvo was ‘conceived’ by Gabrielsson and Larson in 1924. The covered car was nicknamed the ‘Grouse Hide’ because of its resemblance to the type of hide used in bird shoots. Three of the cars were driven to Gothenburg on what was to prove an adventurous journey, which included a collision with a Ford, a skid into a ditch and an electrical system breakdown in the middle of the night. SKF decided to assign the car manufacturing operation to its AB Volvo subsidiary, and appointed Gabrielsson and Larson to the board, the former as MD. In addition to its share capital of 200,000 kronor, the company was allocated a credit of one million kronor by SKF.

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