Volvo Cars, the premium car maker, is updating its business model to a changing world and believes the car industry as a whole needs do to the same, its president and chief executive Håkan Samuelsson will announce today at the bi-annual meeting of the UN Global Compact Nordic Network in Gothenburg.
A systematic drive for green electricity is the latest measure adopted by Volvo Cars on its path to reach a climate-neutral production in Europe. The company now relies solely on hydropower from the electricity suppliers for its facilities in Sweden and Belgium.
The production of the new model Volvo XC60 will start in Volvo Cars Gent during 2008. Volvo Cars Gent is one of the largest employers in the Belgian province Oost-Vlaanderen (Eastern Flanders).Output 2007: 240,192* Volvo cars. The distribution is sedans (Volvo S60 and S40): 39 %, estates (Volvo V70, V50): 39 %, Volvo C30: 22%.