Volvo is a global leader in the manufacture of commercial transport and construction equipment and an internationally acclaimed automotive brand. It was founded in 1927 by Gustav Larsson and Arthur Gebrsen in Gothenburg, Sweden. Volvo's activities include the manufacture and sale of trucks, passenger cars, construction equipment, drive systems for marine and industrial applications and components for aviation engines, with a complete range of financial and after-sales solutions. In 1999, Volvo Group sold its sedan business to the United States, and then in 2010, it was acquired by Zhejiang Geely Holding Group in China. In 1999, Volvo Group sold its car business to the United States, and in 2010, it was acquired by Zhejiang Geely Holding Group in China;