Volvo Cars, now a part of the Ford Motor Company, was originally a subsidiary company of SKF, a ball bearing manufacture. The name Volvo actually translates in Latin to "I roll", a clear illustration of the company's early involvement in the ball bearing making business. Volvo, founded in 1927 in Sweden, became an independent from SKF when the company was floated on the stock exchange market in Sweden. 1999 saw Volvo Cars bought by Ford Motor Company, previously being owned by AB Volvo. Volvo, currently in today's car market, holds much of its sales in Europe. It has been reported that sixty percentage of all Volvo sales are from European dealerships, with another thirty percent from northern America, where its market share is reducing. Data published by Volvo Cars shows the United States is the number one seller of Volvo cars, with over one hundred thousand units sold in 2007. It is believed Volvo is performing well in emerging economies, including China and India, although these sales are said to only make up ten percent of world wide Volvo sales. Early models produced by Volvo are often referred to as being big, heavy and brick like; a connection between Volvos car manufacturing and the construction equipment it also produced. Modern day models are much sleeker, with a reputation for great performing success. Volvos are also well known for their high mileage threshold, with the cars being reliable and well built.