Volvo Cars today confirms its production program to develop a lightweight 3-cylinder petrol engine. The engine, wholly developed in Sweden, will join the class-leading 4-cylinder Drive-E engines in displaying Volvo’s engineering prowess and commitment to efficient power.
“We have come a long way in the last few years at Volvo. Investments from our parent company, Zhejiang Geely Holding Group, have enabled us to recapture our position as a leader in the field of powertrain engineering. The development program for the new 3-cylinder engine is very advanced and we have already begun prototype testing of the unit,” says Dr. Peter Mertens, Senior Vice President Research & Development at Volvo Car Group.
Volvo has a long history of developing its own unique 6, 5 and 4-cylinder engines and in-house expertise. The move to include a 3-cylinder in Volvo’s engine program is a natural next step in Volvo’s strategy of downsizing. The application of class-leading technology and analysis techniques enables more power and better fuel economy from smaller displacement internal combustion engines than ever before.
“We have learned a lot from the development of our 4-cylinder Drive-E engines and translated this into a highly responsive, compact and powerful premium-quality 3-cylinder engine. The engine is being developed primarily with our new CMA architecture in mind but will also provide power for our 60 Series cars thanks to Volvo’s advanced turbo technologies, while also meeting Euro 7 emission targets,” says Michael Fleiss, Vice President Powertrain at Volvo Car Group.
Built with a keen eye on the future, the new Drive-E 3-cylinder engine is designed to support several different applications, in-line with the growing demand for a real-world blend of performance and efficiency.
“The beauty of the new 3-cylinder engine we are developing is that it can be built on the same production lines as our 4-cylinder engine, offering flexible production potential which can be adapted to suit business needs as we grow. This marks an important step forward for Volvo Cars. In terms of our power and efficiency, Volvo’s engineering excellence will shine through with the Drive-E 3-cylinder engine,” concludes Dr. Mertens.
Notes for editors:
Volvo Car Group in 2013
For the 2013 financial year, Volvo Car Group recorded an operating profit 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). Global retail sales for the year amounted to 427,840 (421,951) cars, an increase of 1.4 per cent compared to 2012. The operating profit was the result of cost control and strong sales and was further tangible proof of Volvo Car Group’s progress in implementing its transformation plan. For the full year 2014, the company expects to stay in black figures and predicts to record a global sales increase of close to 10 per cent.
About Volvo Car Group
Volvo has been in operation since 1927. Today, Volvo Cars is one of the most well-known and respected car brands in the world with sales of 427,000 in 2013 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding (Geely Holding) of China since 2010. It formed part of the Swedish Volvo Group until 1999, when the company was bought by Ford Motor Company of the US. In 2010, Volvo Cars was acquired by Geely Holding.
As of December 2013, Volvo Cars had over 23,000 employees worldwide. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars head office for China is located in Shanghai. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium) and Chengdu (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China) and body components in Olofström (Sweden).
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