GeelyNICK 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 »
Volvo purges more Ford influencesFeb. 21, 2013 09:00 CET  Volvo is distancing itself further from its Ford legacy as it prepares to launch a new range of in-house engines and a modular platform. The first engine will be a four-cylinder unit that will debut before the end of this year while the all-new XC90 large SUV that arrives late next year will be the first to use Volvo's scalable platform architecture.... Read More »
Volvo plans to cut 1,000 jobs to reduce costsFeb. 20, 2013 18:21 CET Volvo will cut 1,000 more jobs and save more than $200 million to reach breakeven this year after sales and Chinese growth have lagged.... Read More »
Fisker technology shouldn’t go to the Chinese, U.S. senator says 10:02 am U.S. ET | Feb. 20, 2013  The technology of Fisker Automotive, the plug-in hybrid carmaker that owes American taxpayers about $200 million, shouldn’t be sold to Chinese companies, Senator Charles Grassley said.... Read More »
Volvo, Geely will establish joint R&D center in SwedenFeb. 20, 2013 13:50 CET  Volvo and its Chinese parent Geely will set up a joint research and development center in Sweden to produce technology for new cars from both carmakers.... Read More »
Geely leads China bids for Fisker, report says 6:00 am U.S. ET | Feb. 18, 2013  China's Geely is favored to secure a majority stake in electric carmaker Fisker, according to sources. Fisker is said to be weighing bids from Chinese automakers Geely and Dongfeng.... Read More »
Geely leads China bids for Fisker, report saysFeb. 18, 2013 12:00 CET  China's Geely is favored to secure a majority stake in electric carmaker Fisker, according to sources. Fisker is said to be weighing bids from Chinese automakers Geely and Dongfeng.... Read More »
MAKE MEETINGS -- VOLVO Volvo revamps margin and bonus structure 12:01 am U.S. ET | Feb. 18, 2013  Volvo is putting a new margin and bonus structure into effect with the launch of 2014 models. The new structure contains variable elements tied to sales performance, customer satisfaction and updated facilities.... Read More »
DEALER COUNCIL LEADERS Volvo dealers call for ad blitz to spark sales 12:01 am U.S. ET | Feb. 11, 2013  After "disappointingly flat" sales last year, U.S. Volvo dealers are clamoring for a surge in advertising in 2013.... Read More »
Q&A: CHIP OTT -- VOLVO RETAIL ADVISORY BOARD Volvo dealers: We need better marketing, advertising 12:01 am U.S. ET | Feb. 10, 2013  With nearly flat sales and sluggish store traffic in 2012, Volvo dealers are worried. Though freshened XC60 and S60 models are to go on sale in the second half of the year, they alone won't lift Volvo's prospects, dealers say. The brand needs better marketing and an increased advertising spend, says dealer Chip Ott.... Read More »
Volvo revamps dealer margin, bonus structure 4:57 pm U.S. ET | Feb. 10, 2013  Volvo is putting a new margin and bonus structure into effect with the launch of its 2014 models. The new structure has variable elements tied to sales performance, customer satisfaction and updated facilities.... Read More »
On the record 6:02 pm U.S. ET | Feb. 10, 2013  JOHN MALONEY CEO Volvo Cars of North America and SANDY SCHWARTZ, Manheim president... Read More »
Volvo adds ex-GM Europe boss Forster to boardFeb. 5, 2013 12:35 CET  Carl-Peter Forster, the former head of GM Europe and Tata Motors, has joined the board of directors at Volvo Cars. Forster will serve as a non-executive board member at Volvo.... Read More »
Volvo boss wants to return to wagon 12:01 am U.S. ET | Feb. 4, 2013 Hakan Samuelsson, who became Volvo's CEO in October, says he is interested in bringing a station wagon, once a Volvo staple, back into the lineup.... Read More »
Geely rescues London black cab makerFeb. 1, 2013 10:34 CET  Geely agreed to purchase Manganese Bronze Holdings, rescuing the maker of London's iconic black taxis.... Read More »
RICK JOHNSON Volvo's new CEO Samuelsson learning the ropes 12:01 am U.S. ET | Jan. 15, 2013  Hakan Samuelsson, the new Volvo CEO, was not at all what I expected when he turned up for his first Detroit auto show.... Read More »
RICK JOHNSON Volvo's new CEO Samuelsson learning the ropes 11:14 am U.S. ET | Jan. 14, 2013  Hakan Samuelsson, the new Volvo CEO, was not at all what I expected when he turned up last night for his first Detroit auto show.... Read More »
2013 DETROIT AUTO SHOW Guangzhou Auto readies first turn in Detroit 12:00 pm U.S. ET | Jan. 12, 2013  The Detroit auto show has proven since the mid-2000s more a revolving door for China's indigenous automakers with ambitions to sell cars in the United States. For China's Zhejiang Geely Holding Group, which exhibited cars in 2006 at the Detroit auto show, and for others like battery and car producer BYD Co. that followed suit, selling cars to American private consumers has proven a pipe dream.... Read More »
Volvo sees challenging year ahead after 2012 sales dropJan. 7, 2013 12:31 CET  Volvo said its global sales fell 6 percent last year, including double-digit drops in China and Sweden and a small rise in the United States, and warned of a tough 2013.... Read More »
DOUGLAS A. BOLDUC Win on Sunday, maybe, maybe not sell on Monday 12:01 am U.S. ET | Jan. 7, 2013  Is the theory of Win on Sunday, sell on Monday a myth? Alain Visser says yes. Volvo's sales chief is a diehard race fan, but he's also a realist when it comes to the true return on investment provided by a motor sports sponsorship.... Read More »
Volvo sees challenging year ahead after 2012 sales drop 6:31 am U.S. ET | Jan. 7, 2013  Volvo said its global sales fell 6.1 percent last year, including double digit drops in China and Sweden and a small rise in the United States, and warned of a tough 2013.... Read More »
Volvo CEO sees no big sales rebound in 2013Dec. 18, 2012 08:16 CET  Volvo is expecting roughly flat sales next year but has no plans at present to cut more staff in its production, CEO Hakan Samuelsson said.... Read More »
Volvo gets $1.2 billion loan from China Development BankDec. 14, 2012 06:01 CET  Volvo has negotiated a $1.2 billion loan from the China Development Bank to repay existing debt and hopes for more to help finance the investment it needs to double vehicle sales.... Read More »
Volvo gets $1.2 billion loan from China Development Bank 12:31 pm U.S. ET | Dec. 13, 2012  Chinese-owned automaker Volvo has negotiated a $1.2 billion loan from the China Development Bank to repay existing debt and hopes for more to help finance the investment it needs to double vehicle sales.... Read More »
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