High Quality Content by WIKIPEDIA articles! Volvo City Taxi was a concept car built by Volvo in 1977 as Volvo's response to a challenge from the New York office of transport and the Museum of Modern Art. The City Taxi was powered by a six cylinder diesel engine driving the front wheels. It was also designed to be able to fit a wheel chair inside, but not the wheel chair's occupant.Volvo Cars, or Volvo Personvagnar AB, is a Swedish automobile manufacturer founded in 1927, in the city of Gothenburg, Sweden, and is currently owned by Ford Motor Company. 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.