ɪn nˈaɪntiːnhˈʌndɹɪd fˈɪfti ðə mˈeɪn ʃˈɛɹhoʊldɚ hˈændɪlsbˌæŋkən sˈoʊld ɪts ʃˈɛɹz tə vˈɑːlvoʊ hˌuː tˈɜːnd ðə kˈʌmpəni ˌɪntʊ ɐ sʌbsˈɪdjɚɹi.
In 1950 the main shareholder Handelsbanken sold its shares to Volvo who turned the company into a subsidiary.