Despite massive improvements in traffic safety, 1.2 million people are still killed in traffic every year. In 2007, this spurred Volvo Cars, as the only automotive manufacturer in the world, to launch a safety vision stating that no one should be killed or seriously injured in a new Volvo car by 2020. The company’s vision is that cars should not crash.
Volvo Cars will play a leading role in the world’s first large-scale autonomous driving pilot project in which 100 self-driving Volvo cars will use public roads in everyday driving conditions around the Swedish city of Gothenburg.
Volvo Car Group reported a full-year operating profit of 1,919 MSEK for 2013 and will stay in the black and grow sales in 2014, President and CEO Håkan Samuelsson said today. Retail sales are forecast to grow by “a good” 5 per cent in 2014, Samuelsson added.
Volvo Car Group today reports an operating profit for 2013 of 1,919 MSEK (66 MSEK in 2012). Revenue over the period amounted to 122,245 MSEK (124,547 MSEK), while net income amounted to 960 MSEK (-542 MSEK). This strong turnaround from the first half of 2013 is further tangible proof of Volvo Car Group’s progress in implementing its transformation plan.
Volvo Cars today opens its new 24,000 square metres manufacturing facility in Torslanda, Gothenburg, increasing its manufacturing capacity from approximately 200,000 cars a year to approximately 300,000 a year and moving it a significant step closer towards achieving its long term goal of selling 800,000 cars a year.
Volvo Car Group’s groundbreaking project ‘Drive Me’ – featuring 100 self-driving Volvos on public roads in everyday driving conditions – is moving forward rapidly. The first test cars are already rolling around the Swedish city of Gothenburg and the sophisticated Autopilot technology is performing well.