AB Volvo Type Publicly traded Aktiebolag Traded as Nasdaq Stockholm: VOLV B Industry Heavy equipment Founded 1927 (1927) Founders Assar Gabrielsson and Gustav Larson Headquarters Gothenburg, Sweden Area served Worldwide Key people Carl-Henric Svanberg (Chairman) Martin Lundstedt (President and CEO) Products Trucks, Buses, Construction equipment, Marine and industrial engines, Financial services Revenue 334.748 billion kr (2017)[1] Operating income 30.327 billion kr (2017)[1] Net income 21.283 billion kr (2017)[1] Total assets 412.494 billion kr (2017)[1] Total equity 109.011 billion kr (2017)[1] Number of employees 94,914 (2016)[2] Subsidiaries Volvo Trucks, Mack Trucks, Renault Trucks, UD Trucks, Dongfeng Commercial Vehicles (45%), VE Commercial Vehicles (Eicher) (45.6%), Volvo Construction Equipment, Terex Trucks, SDLG (70%), Volvo Buses, Nova Bus, Prevost Car, Volvo Penta Website volvogroup.com