Volvo Cars, the premium car maker, has been chosen as a finalist in the 2017 Car of the Year awards – this time for its celebrated S90 sedan and V90 wagon.
The S90 and V90 are following the footsteps of the Swedish company’s XC90, which has won more awards than almost any other new production model in recent years, over 120 since its launch, and came a very close second in the 2016 Car of the Year awards.
For the 2017 Car of the Year there were over 30 contenders in the first round. Volvo’s recent additions to its 90 Series, the S90 and V90, came out as clear favourites of the jury, winning a secure place in the list of seven finalists that will go forward to compete for the 2017 Car of the Year title.
This years’ jury of top motoring journalists consists of 58 members from 22 European countries, representing one of the motoring industries’ most coveted awards. The winner will be announced on March 6th, 2017 at the Geneva Motor Show.
Volvo’s S90 and V90 models have already been the recipients of numerous awards. The S90 was voted 2016 Car of the Year by the Association of Finnish Traffic and Motoring Journalists, and awarded the prestigious Red Dot Design Award this year. The V90 was most recently award the title of Car of the Year 2016 by the Association of Scottish Motoring Writers, whilst also claiming the Estate of the Year prize from the same jury.
Volvo Cars evolution as a premium car brand is set to continue with the imminent release of its new 60 Series cars, following hot on the heels of its successful 90 Series models.
Volvo Car Group in 2015
For the 2015 financial year, Volvo Car Group recorded an operating profit of 6,620 MSEK (2,128 MSEK in 2014). Revenue over the period amounted to 164,043 MSEK (137,590 MSEK). For the full year 2015, global sales reached a record 503,127 cars, an increase of 8 per cent versus 2014. 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 503,127 in 2015 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 2015, Volvo Cars had almost 29,000 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), Chengdu and Daqing (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China) and body components in Olofström (Sweden).