It wasn’t until 1935 that Volvo AB became a standalone company. Volvo Cars was owned by the Volvo Group until 1999 when it was subsequently sold to Ford.
The ÖV4, which stands for in Swedish ‘Öppen Vagn 4 cylindrar’ (Open Carriage 4 cylinders) was produced in a limited run of just 996 cars and only one of the cars remains to this day at a Volvo museum in Sweden. It featured a 2.0L four-cylinder engine with 28hp and weighed in at 1,170kg.