Volvo Cars, or Volvo Personvagnar AB, is a Swedish automobile manufacturer founded in 1927 in the city of Gothenburg, Sweden, and currently owned by Ford Motor Company. The name Volvo, Latin for "I roll" was thought to be a good trademark for a ball bearing as well as for an automobile. The Volvo symbol is an ancient chemistry sign for iron. The iron sign is used to symbolize the strength of iron used in the car as Sweden is known for its quality iron. The diagonal line across the grille came about to hold the actual symbol, a circle with an arrow, in front of the radiator. Volvo was... originally formed as a subsidiary company to the ball bearing maker SKF. It was not until 1935 when Volvo AB was introduced on the Swedish stock exchange that SKF sold most of the shares in the company. Volvo Cars was owned by AB Volvo until 1999, when it was acquired by the Ford Motor Company as part of its Premier Automotive Group. Volvo produces models ranging from SUVs, wagons, and sedans to compact executive sedans and coupes.