Tag: Volvo Cars

Swedish Volvo optimistic for 2021 after late 2020 rebound

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 wins “Top European Brand For Safety Innovation Award”

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 takes EV Motor Development In-House

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…

Volvo to promote safer roads in Philippines

volvo car safety

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…

The Nordics in Penang: business solutions, brands, production and design

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…

Successful car-sharing Volvo XC40 set for China launch

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, Geely launch new car brand: Polestar

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…

Strong increase in Volvo Cars’ first half 2017 profit

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…