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Volvo plans to sell 1 million cars a year after 2020


Volvo Car Group, the maker of luxury vehicles plans to sell more than 1 million cars a year in the long-term, CEO Li Shufu said in an interview with Swedish business daily Dagens Industri. Li Shufu, the CEO of Geely Automobile – the company that booth Volvo Cars from Ford in 2010 said the Swedish automaker aims to sell about 800,000 vehicles by 2020 ...
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More volvo cars articles

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 ...
Volvo and Geely open new R&D Centre
Not so long ago, Geely announced it would use in the future technology and car platforms developed by Volvo for its own products, and now a new step towards that ...
After releasing the Volvo jointly developed models, Geely targets U.S. and Europe exports in 2016
We reported earlier this week that Geely Automobile Holdings Ltd, now parent of Volvo Cars intends to profit from its acquisition by developing with the Swedish automaker new models for ...
Volvo Cars receives clearance for Chinese manufacturing
Chinese-owned automaker Volvo Car Group issued a statement today saying it had received the long-awaited approval to begin manufacturing in China at its plants in Daqing and Zhangjiakou. "As a result, ...
Geely will offer in 2015 models jointly developed with Volvo
Geely Automobile Holdings Ltd. has bought Volvo Cars in 2010 and will now bear the fruits of the acquisition, delivering jointly developed cars from 2015 in order to compete on ...
Volvo shows latest safety technology in UK
Volvo Cars is showcasing the latest applications of its world-renowned safety technology in an exhibition at SMMT’s Westminster headquarters. Displayed in UK’s Society of Motor Manufacturers and Traders showroom are the ...
China July sales up 10.5%
Based on wider dealer discounts, offered to clear inventory and increased production by the automakers, China’s passenger-vehicle sales rose 10.5% last month. The wholesale deliveries of cars, MPV’s and SUV’s climbed ...
Volvo Car Group posts 14% retail sales growth for July, mainly due to rising numbers in China and Europe
For the month of July, Volvo Car Group (Volvo Cars) has reported selling 33,650 cars, which is a healthy increase of 14% over the same month of 2012. China is ...
Volvo may export “made-in-China” vehicles
Three years after being under control of Geely Holding Group, Volvo Cars will begin production of vehicles at its first factory in China, a move that will allow the automaker ...

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