Volvo Car Group (Volvo Cars) expects sales and profitability to show a clear improvement in 2015, driven by continued growth in China and Europe and a return to growth in the US, according to Håkan Samuelsson, President and Chief Executive.
Volvo Car Group (Volvo Cars) has reported a 17.4 per cent increase in operating profit for 2014 to 2,252 MSEK, compared to 1,919 MSEK in 2013, as record sales cleared the way for the company to continue investing in its global transformation. Revenue for the year was 129,959 MSEK, up from 122,245 MSEK in 2013.
Volvo Cars arrives at the 2015 Geneva International Motor Show on the back of an extremely strong performance in Europe in 2014 during which it grew significantly faster than its competitors, according to independent figures compiled by the European Automobile Manufacturers Association (ACEA).
Volvo Cars has revealed a glimpse of its strategic thinking at the Geneva Motor Show, unveiling a new V60 Twin Engine version, the European debut of several new product variants and completing its roll-out of the celebrated Drive-E powertrain line-up across the product portfolio.
With the all-new Volvo XC90 in the middle of its launch phase, almost 24,000 pre-orders or close to half of the expected full-year volume have already been signed for the new car. This is a clear statement of the interest for the first new model based on Volvo’s in-house developed Scalable Product Architecture (SPA). First deliveries of the all-new XC90 to customers will start later this spring.
The all-new Volvo XC90 is a visually striking, premium quality seven seat SUV with world leading safety features, new powertrain technologies, an unrivalled combination of power and fuel efficiency and a superlative interior finish.
The accolades for Volvo Cars’ Drive-E powertrains continue to arrive, with the T6 Drive-E earning the coveted Engine of the Year designation from Digital Trends, a leading consumer technology publisher based in the United States.
Volvo Cars’ flagship XC90 has been awarded the title of Company Car of the Year 2015 in the category Large SUV in Germany – beating German luxury car manufacturers on their home turf a full month before the official market launch.