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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 […]

Volvo and Geely open new R&D Centre

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 goal has just completed: a new research center in Gothenburg has begun operations. The new Gothenburg R&D Centre will have […]

Volvo Cars receives clearance for Chinese manufacturing

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, Volvo Cars’ full Chinese industrial footprint, including Chengdu, has been approved,” the company, owned by Zhejiang Geely Holding Group, […]

Volvo shows latest safety technology in UK

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 Volvo XC60 and V60, which both benefit from the Swedish manufacturer’s latest safety technology, including City Safety, Adaptive Cruise […]

China July sales up 10.5%

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 to 1.24 million units last month, according to the state-backed China Association of Automobile Manufacturers announcement made today. “There […]

Volvo may export “made-in-China” vehicles

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 to avoid a 25 percent import tax. In addition, according to CEO Hakan Samuelsson, the company may eventually export some […]

Ericsson to help Volvo connect its cars to the Internet

Ericsson to help Volvo connect its cars to the Internet

Volvo Cars and Ericsson will join their forces to develop innovations for automotive internet services. Volvo Cars’ expertise in driver behavior and traffic security requirements, along with Ericsson’s consulting and systems integration expertise, will be used to define and select services. Ericsson will provide a Managed Service in all markets […]

Volvo’s operating profit down 84 percent in H1

Volvo’s operating profit down 84 percent in H1

Volvo Cars Corporation announced on Wednesday that its operating profit fell 84 percent in the first half of 2012 compared to the same period last year. The Swedish carmaker owned by China’s Zhejiang Geely said the diminishing profit was caused by tough competition and the global economic downturn. Volvo’s H1 […]