Volvo Cars’ sales momentum remained strong in 2019 after the company posted an 11.3 per cent growth in global sales for the first two months of the year, compared with the same period last year. The company sold a total of 93,863 cars in January and February.
Volvo Cars is headed for its fifth consecutive year of record retail sales after posting a double digit 11.8 per cent sales growth in October, compared with the same month last year. The strong performance was led by growth in all key regions of the US, China and Europe. The company sold 53,509 cars during the month.
Volvo Cars today reported its highest ever quarterly operating profit of SEK4.2 billion for the second quarter of 2018, an increase of 28.6 per cent compared with the same period last year driven by a strong increase in global retail sales.
The new Volvo S60 sedan - to be launched later this spring - will be the first Volvo to be produced without a diesel engine, highlighting Volvo Cars’ commitment to a long-term future beyond the traditional combustion engine.
Volvo Cars President and CEO Håkan Samuelsson has been named the 2018 World Car Person of the Year by the World Car of the Year jury. The award was presented today at the Geneva Motor Show in Switzerland.
Volvo Cars, the premium car maker, has been recognised by the United Nations for its ground-breaking electrification strategy in the latest report from the UN’s Global Compact, the world’s largest corporate sustainability initiative.
Volvo Cars, the premium car maker, has announced that every Volvo it launches from 2019 will have an electric motor, marking the historic end of cars that only have an internal combustion engine (ICE) and placing electrification at the core of its future business.