Volvo Cars today reports an operating profit (EBIT) excluding joint ventures and associates of SEK 6.8 billion for the first quarter of 2024, an increase of 8 per cent versus the same period in 2023. The corresponding EBIT margin came in at 7.2 per cent, up from 6.6 per cent a year earlier.
The 2024 Volvo XC40 Recharge and S60 Recharge have been named Best Luxury Electric SUV and Best Luxury Plug-In Hybrid, respectively, in U.S. News & World Report’s 2024 Best Hybrid and Electric Cars. Both vehicles were selected for having the best combination of quality, efficiency and value in their respective classes.
The 2024 Volvo XC60 and V90 Cross Country have been named Best Luxury Compact Crossover SUV and Best Luxury Station Wagon, respectively, in the Good Housekeeping 2024 Best New Family Cars Awards.
Volvo Cars today launches a new philanthropic fund with the ambition to positively impact a million lives over time through support initiatives in the communities in which we operate.
Volvo Car USA and Canada sold 16,494 cars in March, up 47.3 percent over the same period last year. Electrified models—those with a fully electric or plug-in hybrid powertrain—accounted for 25.7 percent in March, an increase of 33.9 percent compared with the same period last year.
Small and mighty indeed – we are celebrating today, because our fully electric Volvo EX30 has landed a big accolade at the prestigious World Car Awards!
Volvo Cars has partnered up with Breathe Battery Technologies (Breathe), becoming the first car company to get access to the latest version of its patented, algorithm-enabled charging software for use on our new generation fully electric cars.
