Volvo Cars, the premium car maker, reported an operating profit of SEK3.5 billion for the first three months of the year, up 11 per cent from SEK3.1 billion during the same period last year. The increase was mainly driven by strong demand for the company’s XC60 and 90 series cars.
Production of Volvo Cars’ new XC60 mid-size SUV started today at the company’s Torslanda plant in Sweden. The first customer-bound car, a T5 Inscription AWD in Crystal White, rolled off the production line just before lunch time.
Volvo Cars, the premium car maker, will build its first fully electric car in China, the company announced today at Auto Shanghai in China. The all new model will be based on Volvo’s Compact Modular Architecture (CMA) for smaller cars, and will be available for sale in 2019 and exported globally from China, Volvo said.
Zenuity, the joint venture between Volvo Cars and Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), starts its operations today. Zenuity is a new entrant in the growing global market for autonomous driving software systems. It marks the first time a premium car maker has joined forces with a tier one supplier to develop leading advanced driver assist systems (ADAS) and autonomous driving (AD) technologi...
Polestar Cyan Racing drivers Thed Björk, Néstor Girolami and Nicky Catsburg secured a double podium finish and a joint World Championship lead for manufacturers in the Morocco season start of the FIA WTCC season.
Volvo Cars, the premium carmaker, has appointed Martina Buchhauser as Senior Vice President Procurement. Ms. Buchhauser joins the Volvo Cars executive management team from BMW, where she has been Senior Vice President of Purchasing and Supplier Network for Interior since 2012.
Volvo Cars, the premium carmaker, experienced a strong sales month in March and reported a 9.3 per cent year-on-year increase on the back of double digit growth in the Asia Pacific and EMEA regions. Total sales for the month amounted to 57,158 cars, compared to 52,279 cars a year earlier.
Volvo Cars, the premium car maker, believes governments and car makers should join hands in sharing traffic data in order to improve global traffic safety, Håkan Samuelsson, president and chief executive, told a conference at the European Commission in Brussels on Monday.