The Crayfish Pact
Assar Gabrielsson (1891â1962) was a sales manager at SKF, the Swedish bearing manufacturer. In August 1924, he met an old friend, engineer Gustaf Larson, at a restaurant in Stockholm. Over a plate of crayfish, they made a pact to build a Swedish car. Gabrielsson provided the business acumen and secured the funding from SKF, while Larson handled the engineering.
Swedish Steel for Swedish Roads
Gabrielsson noticed that imported American cars were shaking apart on Sweden's rough, frozen, potholed gravel roads. He insisted that Volvo (Latin for "I Roll") cars must be built tougher than anything else on the market. This obsession with durability led to the first car, the ÃV 4 (nicknamed "Jakob"), rolling out of the factory in 1927.
The Safety Mandate
Gabrielsson gave Volvo its soul. He established the core philosophy that guides the company to this day: "Cars are driven by people. The guiding principle behind everything we make at Volvo, therefore, is and must remain, safety." He wasn't just selling cars; he was selling the protection of human life.