Volvo was established in 1915 as a subsidiary of SKF, the ball bearing manufacturer; however the Volvo Group and Volvo Cars consider themselves to have been officially founded on 14 April 1927, when the first car, the Volvo ÖV 4 series, nicknamed as "Jakob", rolled out of the factory in Hisingen, Gothenburg.[4] The building remains (57°42′50″N 11°55′19″E﻿ / ﻿57.71389°N 11.92194°E﻿ / 57.71389; 11.92194).