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GABE NELSON Audi gripes, but Tesla could be en route to niche-brand success 3:59 pm U.S. ET | May 20, 2013  Audi wants to be clear: Just because the Tesla Model S is outselling Audi's flagship A8 in the U.S. luxury sedan market, it does not mean Tesla Motors is beating Audi.... Read More »
Volvo jabs Germans, stresses sensible luxury 12:01 am U.S. ET | May 13, 2013  Volvo's new brand awareness campaign pokes fun at German competitors, touting Volvos as less flashy and more sensible.... Read More »
Volvo's operating profit slumps in 2012May 3, 2013 15:59 CET  Volvo aims to break even on an operating level this year without help from one-off gains that kept the carmaker in the black in 2012. Volvo's operating profit fell to $2.76 million in 2012.... Read More »
SHANGHAI AUTO SHOW Volvo CEO: Luxury car clashes with image 12:01 am U.S. ET | April 29, 2013 Volvo will not develop a flagship sedan to challenge the BMW 7 series, Mercedes-Benz S class or Audi A8. Volvo CEO Hakan Samuelsson said such a flagship doesn't fit Volvo's green image.... Read More »
Detroit Electric, Geely to develop EVs, electric drivetrains for China 4:09 pm U.S. ET | April 25, 2013  Geely Automobile Group and startup automaker Detroit Electric have agreed to develop electric vehicles and electric drivetrains for sale in China.... Read More »
Volvo CEO says making S-class rival would contradict brand's imageApril 22, 2013 10:29 CET  Volvo won't develop a sedan to challenge the BMW 7 series, Mercedes S class and Audi A8 as it doesn't fit the carmaker's green image or the demands of its customers, CEO Hakan Samuelsson said.... Read More »
Volvo CEO sees more tough times for EuropeApril 19, 2013 09:05 CET  Volvo CEO Hakan Samuelsson is bracing for more tough times in Europe, where the automaker's sales fell 15 percent in the first quarter. Samuelsson expects growing sales in China and a rebound in the United States will result in flat overall vehicle sales for the year.... Read More »
Volvo to report big operating loss in China, paper saysApril 18, 2013 11:07 CET  Volvo is set to report an operating loss in China for 2012 of between 2 billion to 4 billion Swedish crowns ($308 million to $615 million) as weak car sales and a costly new factory weighed on results, a Swedish daily newspaper reported on Thursday.... Read More »
Volvo, Costco partner to sell 2013-14 lineup 3:48 pm U.S. ET | April 12, 2013  Volvo Cars of North America is teaming up with Costco to allow the warehouse club's members to purchase or lease models from the automaker's 2013-14 lineup at prearranged pricing.... Read More »
APRIL FOOLS' NEWS Today's innovations: In-vehicle hair care, dating app, more 2:31 pm U.S. ET | April 1, 2013  The auto industry was full of revolutionary technology and new product announcements today. Honda and BMW said they are carving out new niches by putting hair-care and dating technologies at busy drivers' fingertips. Subaru announced a new BRZ variant and Volvo heralded a new safety system.... Read More »
NEW PRODUCT Volvo will launch XC90 successor next yearMarch 27, 2013 16:08 CET  Volvo will introduce a successor to the XC90 in late 2014, CEO Hakan Samuelsson said. The model will be the first all-new vehicle launched by Volvo as a unit of China's Zhejiang Geely Holding Group.... Read More »
2013 NEW YORK AUTO SHOW Volvo to re-enter wagon market with V60 in early '14 8:00 am U.S. ET | March 27, 2013  Volvo will return to the U.S. station wagon market in early 2014 after a two-year hiatus with the V60. Volvo decided not to offer the compact V60 in the United States when the vehicle was redesigned for the 2011 model year. But dealers have been lobbying for the wagon because of its appeal in Europe -- where the styling has been popular -- and a general shift among U.S. consumers toward smaller, more fuel efficient vehicles.... Read More »
RETAIL Volvo's China unit hit by dealer cheatingMarch 22, 2013 06:01 CET  Volvo has uncovered widespread cheating by its car dealers in China, where retailers inflated sales to win cash rebates from the company for hitting volume targets.... Read More »
Volvo wins approval to produce in China, report says 4:34 am U.S. ET | March 19, 2013  Volvo Cars, the Swedish carmaker owned by Zhejiang Geely Holding Group Co., won the approval of China's main industry planner to begin making vehicles in the country, three people familiar with the matter said.... Read More »
Volvo said to win China approval to begin local car productionMarch 19, 2013 07:04 CET  Volvo is said to have won the approval of China's main industry planner to begin making vehicles in the country. The automaker, which is owned by China's Geely, has set itself the target of boosting local sales to 200,000 by 2020 from 41,989 last year.... Read More »
China's Geely won't make final bid for Fisker stake, report says 8:33 am U.S. ET | March 18, 2013  China's Zhejiang Geely Holding Group will not bid for a majority stake in Fisker Automotive mainly due to the troubled U.S. electric car maker's obligations to the U.S. government, according to two sources familiar with the matter.... Read More »
China passes Sweden as Volvo's No. 2 marketMarch 12, 2013 09:46 CET  Volvo sold 8,719 vehicles in China in January and February to establish China as Volvo's second-biggest market after the United States. Sales in China were strong enough to outpace Sweden, where Volvo sold 6,847 units in the first two months.... Read More »
Volvo may add models to aid struggling dealers 12:01 am U.S. ET | March 11, 2013  Volvo says it will come to the aid of struggling U.S. dealers by bolstering its lineup, increasing margins and spending more on marketing. The company will decide in the next quarter whether to reverse a decision not to sell the V60 station wagon in the United States.... Read More »
2013 GENEVA AUTO SHOW For Volvo, 4 refreshed nameplates to carry load for a while 3:24 pm U.S. ET | March 5, 2013  Volvo is counting on four refreshed nameplates and a new safety feature to help sustain sales until the brand can launch a more complete overhaul of its lineup in a few years.... Read More »
Volvo promotes China manufacturing head Danielson to regional chiefMarch 1, 2013 12:21 CET  Volvo has promoted China manufacturing boss Lars Danielson to its top job in the key market, where the automaker plans a major sales push this decade.... Read More »
Geely to invest 116 million euros in cab makerFeb. 26, 2013 10:34 CET  Zhejiang Geely will invest 100 million pounds (115.8 million euros) in London black cab maker Manganese Bronze in the next five years as part of plans to make the company profitable.... Read More »
China is 10 years from fielding global, competitive automakers, report saysFeb. 23, 2013 06:01 CET  Chinese automakers are about a decade away from being globally competitive and will have to increase their spending on research and development to close the gap, a report said. GM, VW and Toyota are outspending Chinese brands on r&d and lead in engineering, said Bernstein analyst Max Warburton.... Read More »
NICK GIBBS XC90 delay irks Volvo CEO 12:01 am U.S. ET | Feb. 22, 2013  Volvo CEO Hakan Samuelsson is not happy that the automaker has waited more than a decade to debut a new XC90, which was once the brand's best seller. Global sales of the XC90 fell 21 percent last year. Demand is not expected to rebound until the all-new XC90 goes on sale in early 2015.... Read More »
NICK GIBBS XC90 delay irks Volvo CEO 12:01 am U.S. ET | Feb. 22, 2013  Volvo CEO Hakan Samuelsson is not happy that the automaker has waited more than a decade to introduce a new XC90, which was once the brand's best seller. Global sales of the XC90 fell 21 percent last year. Demand is not expected to rebound until the all-new XC90 goes on sale in early 2015.... Read More »
China is 10 years from fielding global, competitive automakers, report says 11:04 am U.S. ET | Feb. 22, 2013  Chinese automakers are about a decade away from being globally competitive and will have to increase their spending on research and development to close the gap, according to Sanford C. Bernstein & Co.... Read More »
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