Volvo Car Corporation is a Swedish luxury automobile marque. It is headquartered in Torslanda in Gothenburg, Sweden. The company manufactures and markets sport utility vehicles (SUVs), station wagons, sedans and compact executive sedans. The Volvo Group was founded in 1927 as a subsidiary of the ball bearing manufacturer SKF. When Volvo AB was introduced on the Stockholm stock exchange in 1935, 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. Geely Holding Group then acquired Volvo Cars from Ford in 2010.