Post Tagged with: "Volvo"

Read By

Volvo stars in new Avicii video

Volvo stars in new Avicii video

After having partnered with Swedish House Mafia, Volvo seems to be on a roll for making videos with electronic music artists. The Swedish carmaker has recently joined famous electro pop DJ and producer Avicii for making a new video for a song called “Feeling Good.” The song is due to […]

Volvo Cars CEO: We expect 5 percent growth in 2014

Volvo Cars CEO: We expect 5 percent growth in 2014

Volvo Car Corp.’s Chief Executive Håkan Samuelsson, during a press conference in Sweden told reporters that new car sales are expected to grow by 5 percent this year, thanks to new products and continued growth in China and the United States. Last year Volvo Cars sold 427,840 new vehicles worldwide […]

Geely says it’s happy with Volvo’s management

Geely says it’s happy with Volvo’s management

China’s Zhejiang Geely Holding Group Co. dismissed concerns that it’s unhappy with the direction of its Swedish car-making unit Volvo Cars. The comments came after Friday in a report Reuters said sources described the 87-year-old Swedish carmaker, acquired by Geely in 2010 to be torn between a desire to hang […]

Volvo returned to profit in 2013

Volvo returned to profit in 2013

Volvo Car Corp Chief Executive Hakan Samuelsson said the Swedish automaker returned to operational profitability in the year just ended after fixing its business in China and making cost cuts. Volvo is expected to announce its financial results for the year in March. For the first half of 2013, the […]

Volvo details SPA, to underpin new XC90

Volvo details SPA, to underpin new XC90

Volvo has released some new details on the SPA, which will underpin the future generation of the popular XC90 SUV. According to the Swedish based automaker, the SPA (Scalable Product Architecture) is made from mild steel, from extra high steel, ultra high steel, high strength steel and very high strength […]

Volvo joins autonomous cars race

Volvo joins autonomous cars race

Swedish-based Volvo Car Group has joined the race to develop self-driving cars, saying it plans to build 100 such vehicles in a pilot project. The Chinese-owned automaker said yesterday in a statement it would test its “autonomous” cars on 30 miles of selected roads in the Swedish city of Goteborg, […]

Volvo to receive loan of $800 million from China

Volvo to receive loan of $800 million from China

Volvo Car Corp. has announced it has signed an $800 million loan agreement with the China Development Bank that will help it finance the development of new cars for the local market. The first drawdown under the loan agreement will take place in 2013, with further drawdowns planned during 2014 […]

Volvo Trucks could fire around 500 workers

Volvo Trucks could fire around 500 workers

Due to the harsh economic situation in the European region and downsize of the market for its trucks, Volvo would fire almost 500 hired labor employees from two of its Swedish factories. Volvo announced it would let go 380 employees at the plant in Umeå, Sweden; the first 300 employees […]