Li Shufu

Volvo counts on high-cost Sweden for crucial XC90

Aug. 26, 2014 06:01 CET
Volvo is sticking to its Scandinavian roots with its first model since being acquired by Chinese owners four years ago. Rather than chase low wages, Volvo will build the new XC90 SUV in Sweden, where auto workers get about $62 an hour....
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Volvo CEO on new XC90: 'There is no second chance'

Aug. 18, 2014 15:00 CET
The new XC90 is crucial to Volvo's bid to close the sales gap with German premium rivals BMW, Mercedes and Audi. "There is no second chance," Volvo CEO Hakan Samuelsson said....
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China needs Europe-like open competition, Volvo Chairman says

Aug. 18, 2014 13:46 CET
Volvo Chairman Li Shufu says China should stop trying to hinder competition in the world's largest automaker. "It's best if it's completely open, like in the U.S. and Europe; whoever wants to produce cars can do it," Li said....
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Volvo plans to export China-made cars to U.S., Russia next year, executive says

June 17, 2014 11:26 CET
Volvo plans to start exporting Chinese-made cars to the United States and Russia as early as next year, a company executive said. The S60L sedan will be exported to the United States and the XC90 SUV to Russia....
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Volvo aims for 1 million car sales, chairman tells paper

April 1, 2014 09:16 CET
Volvo targets annual sales of more than 1 million vehicles in the long term, chairman Li Shufu told a Swedish newspaper....
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Volvo owner says management has Geely's confidence

Jan. 17, 2014 17:04 CET
China's Geely Holding dismissed concerns that it's unhappy with the direction of Volvo, its Swedish carmaking unit....
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Special Report
Racing, tech events draw crowds to Hoffman stores

Racing, tech events draw crowds to Hoffman stores

Hoffman Auto Group holds more than 100 elaborate events annually to attract and retain customers. Some buyers zip around a racetrack in Porsches at 130 mph. Mon., October 27
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