The Volvo XC90 has been named Motor Trend’s SUV of the Year for the second time.
Developed from the ground up on Volvo’s unique Scalable Product Architecture (SPA), with a 316 horsepower, supercharged and turbocharged Drive-E engine featuring an EPA rating of 25 mpg highway, a tablet-like Sensus control system, and understated Scandinavian design, the all-new 2016 XC90 sets a new standard for the luxury SUV segment. With its full suite of IntelliSafe features and two more world firsts for safety, the all-new Volvo XC90 is also the safest Volvo ever.
“Everyone at Volvo Cars is exceptionally proud to win the Motor Trend SUV of the Year award,” said Lex Kerssemakers, president and CEO of Volvo Cars of North America. “The all-new XC90 is a strong indicator of things to come at Volvo.”
Kerssemakers accepted the iconic Golden Calipers trophy at an award ceremony tonight near Motor Trend’s offices in El Segundo, California.
When it was introduced in 2002, the original XC90 won Motor Trend’s SUV of the Year as it redefined the seven-passenger SUV segment.
The Motor Trend SUV of the Year award comes on the back of a strong sales performance in the U.S. with double-digit growth and more than 7,000 of the XC90 model already sold this year, further reinforcing Volvo’s US revival plan.
Volvo Car Group in 2014
For the 2014 financial year, Volvo Car Group recorded an operating profit of 2,252 MSEK (1,919 MSEK in 2013). Revenue over the period amounted to 129,959 MSEK (122,245 MSEK). For the full year 2014, global sales reached a record 465,866 cars, an increase of 8.9 per cent versus 2013. The record sales and operating profit cleared the way for Volvo Car Group to continue investing in its global transformation plan.
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 465,866 in 2014 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 2014, Volvo Cars had over 26,000 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).