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Volvo Cars Forecasts Record Sales Of At Least 80,000 Cars In China In 2014

Latest News, Volvo
Article by admin
China is poised to replace the US as Volvo Car Group’s (Volvo Cars) largest market in 2014 with sales of at least 80,000 cars, up from 61,146 in 2013, emphasizing the company’s growing presence in the world’s fastest growing automotive market. Sales in the United States in 2014 are expected to increase in line with the broader market. The emergence of China as Volvo Cars’ leading market symbolizes an important step towards the company’s long term goal of selling 800,000 vehicles annually and promises to break a 2-decade year cycle during which it has consistently marketed around 400,000 cars a year. Hakan Samuelsson, Chief Executive Officer and President said: “Growing demand for [...]

Volvo V60 Polestar and 2015 S60 debut at Chicago Auto Show

Latest News, Volvo
Article by Ayan Sengupta
The Volvo V60 and S60 have received new variants from the company’s motorsport partner, Polestar. Both these cars have made their global debut at the 2014 Chicago Auto Show. Back in 2010, when Polestar had been launched with its C30 concept, it had managed to get on the headlines and since then it has been competing in various motorsport races. The company had also released a 508 horsepower, S60 concept in the year 2012. It is said that they are now launching its mainstream model in the market, whose performance can be compared with that of BMW M and Audi S. Built around the standard S60 and V60, the Polestar variant gets a combination of comfort and safety. The chassis of the car has been [...]

Volvo V60 to start from $36,215

Latest News, Volvo
Article by Ayan Sengupta
Volvo V60 will go on sale throughout the US this month. The car is said to have a price tag starting from $36,215, which also includes a destination fees of $915. The Volvo V60 is already in many of the markets of other countries, but it is now that it will be made available in the local showrooms. A good news for the local customers is that the high performance car that has been developed by Polestar, Volvo tuner will also be made available in the market. The car has been priced $800 more than a XC70 off-road wagon, which is comparable to the car. It is only the base T5 FWD model that will be available for $36,215. The car will feature a 2-litre, 4-cylinder, E turbocharged engine which is capable [...]

Jean-Claude Van Damme and Volvo Trucks perform world-first stunt

Latest News, Volvo
Article by Hamza Ansari
Being one of Hollywood’s most famous action stars, Jean-Claude Van Damme has performed countless daring stunts, but in the latest i.e. in the Volvo Trucks’ new film ‘The Epic Split’, he carries out one of his most spectacular yet. The film aims to demonstrate the unique stability of Volvo Dynamic Steering, which we say is the second attempt of Swedish automaker to portray this function. Standing between two moving Volvo FM trucks with a foot on each side mirror, Jean-Claude Van Damme performs one of his world-famous splits as the two trucks drive in reverse. He calmly holds his position for the entire length of the drive. “It’s going to be quite unusual, and the first time we’ll [...]

Volvo drops 2,000 jobs

Latest News, Volvo
Article by Hamza Ansari
Enduring the slow down, Volvo announced of dropping 2,000 jobs from the repertoire. To an announcement that came on Friday, it unveiled the third-quarter results showing a five-percent drop in group net sales. Commenting on this new measure, the firm released a statement saying, “As part of the previously announced Group-wide efficiency programme, a directional decision has been made to rationalise white collars in staff and support functions by approximately 2,000 employees and consultants.” Volvo’s said third-quarter net sales fell to 64.9 billion kronor ($10.2 billion), a drop of five percent compared to the same period last year; which in return also resulted in the lower profits [...]
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