Though not in Swedish - in Latin.
Volvo AB was an offshoot of the Swedish ball-bearing manufacturer SKF (or Skefco) and the name was chosen to reflect the bearing business for a product that didn't materialise. When SKF started to produce vehicles (cars first, then trucks soon after) they used the name Volvo as the new company had already been formed (but was no longer needed).
And the very first car rolled out of the factory had the rear axle crown-wheel assembled the wrong way round and therefore had one forward gear and several reverse gears . . .