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Volvo Car Corporation presented luxury sedan concept at Shanghai Auto Show

In a press conference held at the Shanghai International Auto Show on Tuesday, Volvo Car Corporation presented Concept Universe, a design study for a future luxury Volvo sedan.
"Shanghai is the perfect place for the world première of a superb car tfhat is tailor made for the most demanding luxury car buyers", said Stefan Jacoby, President & CEO of Volvo Car Corporation.

Stefan Jacoby also revealed that the first quarter of 2011 was one of the best global sales quarters in the history of Volvo, sales figures up 13.7 percent to 106,827 cars.

"This is the next step in the proud history of luxury Volvo sedans", said Stefan Jacoby before revealing the Concept Universe.

He continued:
"We will listen very carefully to what the Chinese car buyers think of the design. Later, we will also show the Concept Universe in other parts of the world. This brings it into the global context we are aiming for with all our cars."

At the press conference in Shanghai Stefan Jacoby also announced that Volvo Car Corporation is developing an all-new platform architecture for the next generation cars from Volvo: SPA - Scalable Product Architecture.

"When our next luxury sedan arrives in a few years, it will be among the first Volvos built on our new Scalable Product Architecture. All our large and mid-size cars will eventually be based on SPA."
Stefan Jacoby also revealed that the 2010 full year result for Volvo Car Corporation will show a profit when communicated in a few weeks time.

Corporate News, Product News
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