Last post on Nov 26, 2013 at 1:24 PM
You are in the Automotive News & Views
What is this discussion about?
May 13, 2011 (4:54 am)
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 247 talk about trying to meld visions
by Stever@Edmunds HOST
Jun 07, 2011 (4:37 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 247 Re: talk about trying to meld visions [steve_]
Jun 08, 2011 (7:10 pm)
so stretch the S80 and bling it out, and have other models for other parts of the world.
Sep 05, 2012 (8:39 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 247 Re: no future for the C30 [steve_]
Oct 16, 2012 (8:25 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.
Dec 03, 2012 (5:21 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)
#241 of 247 big plans for global sales
by Stever@Edmunds HOST
Aug 26, 2013 (6:46 pm)
"The assembly plant in Daqing is under construction and the first pre-series cars will be built in late 2013 for training purposes. The plant is expected to be fully operational in 2014. Volvo did not say which models will be built there.
Geely Automobile Holdings Ltd., whose Chinese parent bought Volvo Cars in 2010, will start selling vehicles jointly developed with the Swedish company in 2015, according to Bloomberg.
Volvo Revs Up Manufacturing in China