According to a newly released report by Volvo Cars, Swedish carmaker, Volvo Cars experienced a drop in 2020 earnings but the company which is owned by China’s Geely remains optimistic for 2021 after a strong rebound in the second half last year. According to CEO Hakan Samuelsson, China led the way, followed by the US,…
Volvo Cars Thailand Company Limited, led by Mr.Pattarapong Achapalasiri, Head of Commercial Operations, Volvo Cars (Thailand) Co., Ltd. received, with great pride, the “Top European Brand For Safety Innovation Award” at the Thailand Car of the Year 2020 Awards and the Thailand Car Marketing Awards 2020, held for the sixth year and organized by the…
Volvo Cars is making significant investments that allow for the in-house design and development of electric motors for the next generation of Volvo models, as the company continues to move towards becoming a fully electric car maker. The company has opened a brand new electric motor lab in Shanghai, China, the latest addition to its…
The Swedish carmaker Volvo launches project in Philippines called Safe Roads for road safety. According to Carmudi Philippines, the program is part of Volvo’s vision of having no casualties or injured in new Volvos by 2020. The program involves raising road-safety awareness through visible road and traffic signage in Manila. The carmaker especially wishes to reach…
As Penang develops and its economy keeps on growing, Nordic business solutions and brands can meet certain needs, use it for production and cater to consumer demand (such as in the example of H&M and Ikea) The presence in the State of Penang of brands and businesses from the Nordics is being significantly strengthened. Not…
Delivery of the new car model XC40 to dealers started in January 2018, Volvo Cars’ first entry into the small premium SUV segment. Proving popular among car buyers, with global XC40 orders already exceeding 20,000 units at the end of the month. Following its successful introduction to European and American customers, the XC40 will launch…
Volvo Cars, the premium car maker of Sweden, and its Chinese owner Geely Holding has announce they will jointly invest RMB 5 billion (EUR 640 million) in a new standalone electric performance brand called Polestar. This initial investment will support the initial phase of Polestar’s product, brand and industrial development to become a fully consolidated…
Volvo Cars, the Swedish premium car maker, has reported strong growth in operating profit of SEK6.8bn in the first half of 2017, compared to SEK5.6bn for the same period last year, including experiencing a robust sales increase in China. Revenues rose to SEK99.1bn from SEK84.2bn in the first six months of 2016, while the operating…
Chinese-owned Swedish brand Volvo Cars has reported a robust 66 per cent increase in operating profit in 2016 to SEK11 billion and a new record as global sales hit 534,332 cars. Net revenue for the period increased 10 per cent to SEK180.7bn compared to SEK164.0 bn in 2015 while the operating profit margin improved significantly…
Volvo Cars, the premium carmaker, has unveiled a new upgraded China version of its S90 sedan and a top-of-the-line luxury model called S90 Excellence, both aimed at the high-end sedan market, in advance of their first public appearance at the 2016 Guangzhou Motor Show. The new S90 will be the most premium car ever made…
