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Last post on Dec 03, 2012 at 6:21 PM
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Volvo
#231 of 240 Re: What about Volvo's future ???? [rockylee]
by sigi1
May 13, 2011 (1:19 am)
Isn't Volvo still a great player?
I think this development will go on.
May 13, 2011 (5:54 am)
link title
Volvo has posted a solid first quarter, with earnings jumping to $103 million. That's nearly double the Q1, 2010 totals, in part due to continued strong demand for its XC60 crossover.
I was a bit miffed that they got sold off to Geely but it seems they are being allowed to operate as usual. Still one of the cleanest, most environmentally friendly, efficient and ecologically friendly plants I've ever been to. They also have the best overseas delivery programs out there.
#233 of 240 talk about trying to meld visions
by steve_ HOST
Jun 07, 2011 (5:37 pm)
"One central area of contention: Mr. Jacoby wants to focus on safety and fuel-efficiency with smaller cars, while Mr. Li believes Volvo must expand aggressively into luxury cars to compete with BMW, Mercedes and Audi. In China, the world's biggest car market, legions of newly rich consumers are snapping up fancy sedans at a dizzying pace.
"Volvo and Mr. Jacoby can take the moral high ground and stick with the company's tradition of understated, more modest style," Mr. Li said in a March interview, but the brand has no future in China unless it caters to flashier tastes."
Chinese Begin Volvo Overhaul (Wall St. Journal)
#234 of 240 Re: talk about trying to meld visions [steve_]
by stickguy
Jun 08, 2011 (8:10 pm)
so stretch the S80 and bling it out, and have other models for other parts of the world.
#235 of 240 Geely/Volvo looking to the US?
by steve_ HOST
Jun 26, 2012 (8:08 pm)
"It's becoming more and more clear that if you're an automaker (particularly an automaker whose home currency isn't the U.S. dollar), and you actually want to make money on the cars you sell in the U.S., you have to build those cars in North America."
Volvo Wants to Build Cars in North America... Maybe in a Chrysler Plant (Straightline)
#236 of 240 getting squeezed
by steve_ HOST
Sep 05, 2012 (9:39 am)
"Swedish car maker Volvo Car Corp. on Wednesday warned that the auto boom in China appears over, as the company reported a sharp decline in operating profit for the first six months. "
Volvo Pares Output on China Slowdown (WSJ)
"Volvo Car Corp. will cut its workforce by 200 to 300 people at its Swedish factory in response to weak European demand, a union official said."
Volvo Cars to Cut as Many as 300 Jobs in Sweden on Slow Demand (Bloomberg)
US sales were up a bit over 20% over August 2011. But they are down 1% for the year to date. (carsok)
#238 of 240 Re: no future for the C30 [steve_]
by nippononly
Oct 16, 2012 (9:25 pm)
Not surprising, they sold NONE of those. But with that goes the last Volvo available with a manual shift, and the only stand-out in the entire line.
#240 of 240 staying in Sweden
by steve_ HOST
Dec 03, 2012 (6:21 pm)
"Chinese-owned Volvo Car Corporation will spend about half of $11 billion of planned investment on a production upgrade in Sweden that it says will cut costs and help sales of its cars buck a market downturn.
The plans would mark a final technological break with Ford."
Volvo to upgrade production in Sweden (irishtimes.com)
"If anybody thought that Volvo had the intention to move to China, I think we, with these signals, can put those ideas to rest," Mr. Samuelsson said during a news conference at Volvo's headquarters on Monday. The company currently employs 14,500 people in Sweden."
Volvo Won't Quit Swedish Home for China (Wall St. Journal)