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Press Release
Date of issue Jan 12, 2015 | ID: 156030
Volvo Cars unveils two new sedans for the US market
S60 Inscription premium sedan offers class leading rear spaceSegmentfirst S60 Cross Country unveiledAllnew XC90 RDesign makes North American debutNew models move Volvo closer to its midterm objective of selling 100,000 cars a year inthe US
Volvo Cars today reinforced its product offensive in the US by unveiling two new sedans at the NorthAmerican International Auto Show in Detroit, moving it a significant step closer towards its mediumterm goal of selling 100,000 cars a year in the US.
The Volvo S60 Inscription and the Volvo S60 Cross Country will boost Volvo’s presence in theimportant premium sedan market. Volvo is also introducing the all new XC90 R Design in Detroit, thelatest version of its seven seat SUV that was launched in the US in Los Angeles.
“These two new products, added to the allnew XC90 unveiled in LA, are a further statement of our commitment toturn around our performance in the US. Overall, we will launch seven new products in the US by 2018,” said HåkanSamuelsson, President and Chief Executive Officer of Volvo Cars.
The introduction of these new models forms the latest chapter in Volvo’s ongoing transformation, which involves thecreation of a global industrial footprint, the complete renewal of Volvo’s product range over the next five years, theintroduction of a new modular chassis technology, worldfirst safety technologies, a new design language, a newpowertrain architecture and a range of classleading connectivity services.
The pace and depth of this transformation was underlined earlier this month after the company reported record fullyear sales for 2014. Sales increased 8.9 per cent in 2014 to a new record of 465,866 cars sold. December 2014also marked the 18th month of consecutive sales increases. Volvo Cars forecasts sales will continue to expand inall global markets in 2015.
The S60 InscriptionThe new Volvo S60 Inscription will offer classleading rear space, something consistently requested by UScustomers.
It will be made at Volvo’s plant in Chengdu, China, and is on show for the first time at this year’s North AmericanInternational Auto Show in Detroit.
Chengdu is Volvo’s main production facility in China and has been built in accordance with globally monitoredquality standards such as the Volvo Cars Manufacturing System, which ensures Volvo Cars’ global qualityengineering, quality audit and quality assurance standards.
Levels of installed technology and equipment are the same as the company’s European facilities, as are theworking environment, safety and environmental performance standards. Exports to the US will start in the secondquarter of this year.
Allnew S60 Cross CountryVolvo Cars is stepping up to meet the demands of its core customers with the unveiling of the exciting S60 CrossCountry at the Detroit Auto Show.
Back in 1997, when Volvo Cars was the first premium brand to introduce an allroad capable variant of itssuccessful wagons, no one could predict the future success of the crossover concept. Today, the crossover isubiquitous and has helped to define a whole new category of lifestyle vehicle.
Volvo Cars is once again taking a bold step forward – this time in the sedan segment – with the unveiling of the S60Cross Country – the first premium sedan with the same level of capability and rugged design cues of the renownedCross Country wagons.
“We want to further explore the market with our Cross Country brand. We did this back in 1997 with the V70 CrossCountry and it led to the birth of a whole new segment. We have included all the capabilitydriven benefits of theCross Country brand in this new model, while offering a completely unique expression of adventure and allroadreadiness in a distinctly sporty and stylish package,” said Lex Kerssemakers, Senior Vice President ProductStrategy and Vehicle Line Management at Volvo Cars.
Allnew XC90 RDesignThe XC90 is a visually striking, premium quality seven seat SUV with world leading safety features, new powertraintechnologies, an unrivalled combination of power and fuel efficiency and a superlative interior finish.
The new XC90 marks the beginning of a new chapter in Volvo’s history, capturing its future design direction,incorporating its own range of new technologies and utilising its new Scalable Product Architecture (SPA)technology. Customers obviously like what they see. Launched in August last year and just ahead of the start ofproduction, Volvo has already received orders for over 6,000 new XC90s.
The RDesign version of the allnew XC90 is aimed at buyers looking for a headturner that radiates a truly sportyand dynamic look.
“RDesign is created for people with a passion for things that add spice to life,” said Alain Visser, Senior VicePresident, Marketing, Sales and Customer Service of Volvo Cars. “It appeals to customers that love active drivingand a personal, expressive design.”
The visual promise of a dynamic ride is confirmed by the drivercentric interior featuring RDesign sports seats inNubuck textile and perforated leather. A choice of DriveE powertrains offering up to 400 hp and the completely newXC90 chassis ensure an agile driving experience.
The S60 Inscription, S60 Cross Country and XC90 RDesign will be available for delivery from the second quarter.
Volvo Car Group in 2013/14For the 2013 financial year, Volvo Car Group recorded an operating profit of 1,919 MSEK (66 MSEK in 2012).Revenue over the period amounted to 122,245 MSEK (124,547 MSEK), while net income amounted to 960 MSEK(542 MSEK). Global retail sales for the year amounted to 427,840 (421,951) cars, an increase of 1.4 per centcompared to 2012. The operating profit was the result of cost control and strong sales and was further tangibleproof of Volvo Car Group’s progress in implementing its transformation plan. For the full year 2014, global salesreached 465,866 cars, an increase of 8.9 per cent versus 2013. Full year financials for 2014 will be announcedduring the first quarter of 2015.
About Volvo Car GroupVolvo has been in operation since 1927. Today, Volvo Cars is one of the most wellknown and respected carbrands in the world with sales of 465,866 in 2014 in about 100 countries. Volvo Cars has been under the ownershipof the Zhejiang Geely Holding (Geely Holding) of China since 2010. It formed part of the Swedish Volvo Group until1999, when the company was bought by Ford Motor Company of the US. In 2010, Volvo Cars was acquired byGeely Holding.
As of December 2013, Volvo Cars had over 23,000 employees worldwide. Volvo Cars head office, productdevelopment, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars headoffice for China is located in Shanghai. The company’s main car production plants are located in Gothenburg(Sweden), Ghent (Belgium) and Chengdu (China), while engines are manufactured in Skövde (Sweden) andZhangjiakou (China) and body components in Olofström (Sweden).
Media Contacts
Stefan ElfströmCorporate SpokesmanVolvo Car Group
Phone: +46 31 596525Mobile: +46 31 [email protected]
Volvo Car Group MediaRelations
Phone: +46 31596525Mobile: +46 31[email protected]
Related Images
ID: 156098 ID: 156099 ID: 156100
MORE IMAGES
Volvo Car GroupPVH50, 50200SE405 31 GöteborgSwedenPhone: +46 31 59 65 25Fax: +46 31 54 40 64https://www.media.volvocars.com/
Registered Office Göteborg, SwedenRegistration No.5560743089
Descriptions and facts in this press material relate to Volvo Car Group's international car range.Described features might be optional. Vehicle specifications may vary from one country to anotherand may be altered without prior notification.
Press Release
Date of issue Jan 12, 2015 | ID: 156030
Volvo Cars unveils two new sedans for the US market
S60 Inscription premium sedan offers class leading rear spaceSegmentfirst S60 Cross Country unveiledAllnew XC90 RDesign makes North American debutNew models move Volvo closer to its midterm objective of selling 100,000 cars a year inthe US
Volvo Cars today reinforced its product offensive in the US by unveiling two new sedans at the NorthAmerican International Auto Show in Detroit, moving it a significant step closer towards its mediumterm goal of selling 100,000 cars a year in the US.
The Volvo S60 Inscription and the Volvo S60 Cross Country will boost Volvo’s presence in theimportant premium sedan market. Volvo is also introducing the all new XC90 R Design in Detroit, thelatest version of its seven seat SUV that was launched in the US in Los Angeles.
“These two new products, added to the allnew XC90 unveiled in LA, are a further statement of our commitment toturn around our performance in the US. Overall, we will launch seven new products in the US by 2018,” said HåkanSamuelsson, President and Chief Executive Officer of Volvo Cars.
The introduction of these new models forms the latest chapter in Volvo’s ongoing transformation, which involves thecreation of a global industrial footprint, the complete renewal of Volvo’s product range over the next five years, theintroduction of a new modular chassis technology, worldfirst safety technologies, a new design language, a newpowertrain architecture and a range of classleading connectivity services.
The pace and depth of this transformation was underlined earlier this month after the company reported record fullyear sales for 2014. Sales increased 8.9 per cent in 2014 to a new record of 465,866 cars sold. December 2014also marked the 18th month of consecutive sales increases. Volvo Cars forecasts sales will continue to expand inall global markets in 2015.
The S60 InscriptionThe new Volvo S60 Inscription will offer classleading rear space, something consistently requested by UScustomers.
It will be made at Volvo’s plant in Chengdu, China, and is on show for the first time at this year’s North AmericanInternational Auto Show in Detroit.
Chengdu is Volvo’s main production facility in China and has been built in accordance with globally monitoredquality standards such as the Volvo Cars Manufacturing System, which ensures Volvo Cars’ global qualityengineering, quality audit and quality assurance standards.
Levels of installed technology and equipment are the same as the company’s European facilities, as are theworking environment, safety and environmental performance standards. Exports to the US will start in the secondquarter of this year.
Allnew S60 Cross CountryVolvo Cars is stepping up to meet the demands of its core customers with the unveiling of the exciting S60 CrossCountry at the Detroit Auto Show.
Back in 1997, when Volvo Cars was the first premium brand to introduce an allroad capable variant of itssuccessful wagons, no one could predict the future success of the crossover concept. Today, the crossover isubiquitous and has helped to define a whole new category of lifestyle vehicle.
Volvo Cars is once again taking a bold step forward – this time in the sedan segment – with the unveiling of the S60Cross Country – the first premium sedan with the same level of capability and rugged design cues of the renownedCross Country wagons.
“We want to further explore the market with our Cross Country brand. We did this back in 1997 with the V70 CrossCountry and it led to the birth of a whole new segment. We have included all the capabilitydriven benefits of theCross Country brand in this new model, while offering a completely unique expression of adventure and allroadreadiness in a distinctly sporty and stylish package,” said Lex Kerssemakers, Senior Vice President ProductStrategy and Vehicle Line Management at Volvo Cars.
Allnew XC90 RDesignThe XC90 is a visually striking, premium quality seven seat SUV with world leading safety features, new powertraintechnologies, an unrivalled combination of power and fuel efficiency and a superlative interior finish.
The new XC90 marks the beginning of a new chapter in Volvo’s history, capturing its future design direction,incorporating its own range of new technologies and utilising its new Scalable Product Architecture (SPA)technology. Customers obviously like what they see. Launched in August last year and just ahead of the start ofproduction, Volvo has already received orders for over 6,000 new XC90s.
The RDesign version of the allnew XC90 is aimed at buyers looking for a headturner that radiates a truly sportyand dynamic look.
“RDesign is created for people with a passion for things that add spice to life,” said Alain Visser, Senior VicePresident, Marketing, Sales and Customer Service of Volvo Cars. “It appeals to customers that love active drivingand a personal, expressive design.”
The visual promise of a dynamic ride is confirmed by the drivercentric interior featuring RDesign sports seats inNubuck textile and perforated leather. A choice of DriveE powertrains offering up to 400 hp and the completely newXC90 chassis ensure an agile driving experience.
The S60 Inscription, S60 Cross Country and XC90 RDesign will be available for delivery from the second quarter.
Volvo Car Group in 2013/14For the 2013 financial year, Volvo Car Group recorded an operating profit of 1,919 MSEK (66 MSEK in 2012).Revenue over the period amounted to 122,245 MSEK (124,547 MSEK), while net income amounted to 960 MSEK(542 MSEK). Global retail sales for the year amounted to 427,840 (421,951) cars, an increase of 1.4 per centcompared to 2012. The operating profit was the result of cost control and strong sales and was further tangibleproof of Volvo Car Group’s progress in implementing its transformation plan. For the full year 2014, global salesreached 465,866 cars, an increase of 8.9 per cent versus 2013. Full year financials for 2014 will be announcedduring the first quarter of 2015.
About Volvo Car GroupVolvo has been in operation since 1927. Today, Volvo Cars is one of the most wellknown and respected carbrands in the world with sales of 465,866 in 2014 in about 100 countries. Volvo Cars has been under the ownershipof the Zhejiang Geely Holding (Geely Holding) of China since 2010. It formed part of the Swedish Volvo Group until1999, when the company was bought by Ford Motor Company of the US. In 2010, Volvo Cars was acquired byGeely Holding.
As of December 2013, Volvo Cars had over 23,000 employees worldwide. Volvo Cars head office, productdevelopment, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars headoffice for China is located in Shanghai. The company’s main car production plants are located in Gothenburg(Sweden), Ghent (Belgium) and Chengdu (China), while engines are manufactured in Skövde (Sweden) andZhangjiakou (China) and body components in Olofström (Sweden).
Media Contacts
Stefan ElfströmCorporate SpokesmanVolvo Car Group
Phone: +46 31 596525Mobile: +46 31 [email protected]
Volvo Car Group MediaRelations
Phone: +46 31596525Mobile: +46 31[email protected]
Related Images
ID: 156098 ID: 156099 ID: 156100
MORE IMAGES
Volvo Car GroupPVH50, 50200SE405 31 GöteborgSwedenPhone: +46 31 59 65 25Fax: +46 31 54 40 64https://www.media.volvocars.com/
Registered Office Göteborg, SwedenRegistration No.5560743089
Descriptions and facts in this press material relate to Volvo Car Group's international car range.Described features might be optional. Vehicle specifications may vary from one country to anotherand may be altered without prior notification.
Press Release
Date of issue Jan 12, 2015 | ID: 156030
Volvo Cars unveils two new sedans for the US market
S60 Inscription premium sedan offers class leading rear spaceSegmentfirst S60 Cross Country unveiledAllnew XC90 RDesign makes North American debutNew models move Volvo closer to its midterm objective of selling 100,000 cars a year inthe US
Volvo Cars today reinforced its product offensive in the US by unveiling two new sedans at the NorthAmerican International Auto Show in Detroit, moving it a significant step closer towards its mediumterm goal of selling 100,000 cars a year in the US.
The Volvo S60 Inscription and the Volvo S60 Cross Country will boost Volvo’s presence in theimportant premium sedan market. Volvo is also introducing the all new XC90 R Design in Detroit, thelatest version of its seven seat SUV that was launched in the US in Los Angeles.
“These two new products, added to the allnew XC90 unveiled in LA, are a further statement of our commitment toturn around our performance in the US. Overall, we will launch seven new products in the US by 2018,” said HåkanSamuelsson, President and Chief Executive Officer of Volvo Cars.
The introduction of these new models forms the latest chapter in Volvo’s ongoing transformation, which involves thecreation of a global industrial footprint, the complete renewal of Volvo’s product range over the next five years, theintroduction of a new modular chassis technology, worldfirst safety technologies, a new design language, a newpowertrain architecture and a range of classleading connectivity services.
The pace and depth of this transformation was underlined earlier this month after the company reported record fullyear sales for 2014. Sales increased 8.9 per cent in 2014 to a new record of 465,866 cars sold. December 2014also marked the 18th month of consecutive sales increases. Volvo Cars forecasts sales will continue to expand inall global markets in 2015.
The S60 InscriptionThe new Volvo S60 Inscription will offer classleading rear space, something consistently requested by UScustomers.
It will be made at Volvo’s plant in Chengdu, China, and is on show for the first time at this year’s North AmericanInternational Auto Show in Detroit.
Chengdu is Volvo’s main production facility in China and has been built in accordance with globally monitoredquality standards such as the Volvo Cars Manufacturing System, which ensures Volvo Cars’ global qualityengineering, quality audit and quality assurance standards.
Levels of installed technology and equipment are the same as the company’s European facilities, as are theworking environment, safety and environmental performance standards. Exports to the US will start in the secondquarter of this year.
Allnew S60 Cross CountryVolvo Cars is stepping up to meet the demands of its core customers with the unveiling of the exciting S60 CrossCountry at the Detroit Auto Show.
Back in 1997, when Volvo Cars was the first premium brand to introduce an allroad capable variant of itssuccessful wagons, no one could predict the future success of the crossover concept. Today, the crossover isubiquitous and has helped to define a whole new category of lifestyle vehicle.
Volvo Cars is once again taking a bold step forward – this time in the sedan segment – with the unveiling of the S60Cross Country – the first premium sedan with the same level of capability and rugged design cues of the renownedCross Country wagons.
“We want to further explore the market with our Cross Country brand. We did this back in 1997 with the V70 CrossCountry and it led to the birth of a whole new segment. We have included all the capabilitydriven benefits of theCross Country brand in this new model, while offering a completely unique expression of adventure and allroadreadiness in a distinctly sporty and stylish package,” said Lex Kerssemakers, Senior Vice President ProductStrategy and Vehicle Line Management at Volvo Cars.
Allnew XC90 RDesignThe XC90 is a visually striking, premium quality seven seat SUV with world leading safety features, new powertraintechnologies, an unrivalled combination of power and fuel efficiency and a superlative interior finish.
The new XC90 marks the beginning of a new chapter in Volvo’s history, capturing its future design direction,incorporating its own range of new technologies and utilising its new Scalable Product Architecture (SPA)technology. Customers obviously like what they see. Launched in August last year and just ahead of the start ofproduction, Volvo has already received orders for over 6,000 new XC90s.
The RDesign version of the allnew XC90 is aimed at buyers looking for a headturner that radiates a truly sportyand dynamic look.
“RDesign is created for people with a passion for things that add spice to life,” said Alain Visser, Senior VicePresident, Marketing, Sales and Customer Service of Volvo Cars. “It appeals to customers that love active drivingand a personal, expressive design.”
The visual promise of a dynamic ride is confirmed by the drivercentric interior featuring RDesign sports seats inNubuck textile and perforated leather. A choice of DriveE powertrains offering up to 400 hp and the completely newXC90 chassis ensure an agile driving experience.
The S60 Inscription, S60 Cross Country and XC90 RDesign will be available for delivery from the second quarter.
Volvo Car Group in 2013/14For the 2013 financial year, Volvo Car Group recorded an operating profit of 1,919 MSEK (66 MSEK in 2012).Revenue over the period amounted to 122,245 MSEK (124,547 MSEK), while net income amounted to 960 MSEK(542 MSEK). Global retail sales for the year amounted to 427,840 (421,951) cars, an increase of 1.4 per centcompared to 2012. The operating profit was the result of cost control and strong sales and was further tangibleproof of Volvo Car Group’s progress in implementing its transformation plan. For the full year 2014, global salesreached 465,866 cars, an increase of 8.9 per cent versus 2013. Full year financials for 2014 will be announcedduring the first quarter of 2015.
About Volvo Car GroupVolvo has been in operation since 1927. Today, Volvo Cars is one of the most wellknown and respected carbrands in the world with sales of 465,866 in 2014 in about 100 countries. Volvo Cars has been under the ownershipof the Zhejiang Geely Holding (Geely Holding) of China since 2010. It formed part of the Swedish Volvo Group until1999, when the company was bought by Ford Motor Company of the US. In 2010, Volvo Cars was acquired byGeely Holding.
As of December 2013, Volvo Cars had over 23,000 employees worldwide. Volvo Cars head office, productdevelopment, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars headoffice for China is located in Shanghai. The company’s main car production plants are located in Gothenburg(Sweden), Ghent (Belgium) and Chengdu (China), while engines are manufactured in Skövde (Sweden) andZhangjiakou (China) and body components in Olofström (Sweden).
Media Contacts
Stefan ElfströmCorporate SpokesmanVolvo Car Group
Phone: +46 31 596525Mobile: +46 31 [email protected]
Volvo Car Group MediaRelations
Phone: +46 31596525Mobile: +46 31[email protected]
Related Images
ID: 156098 ID: 156099 ID: 156100
MORE IMAGES
Volvo Car GroupPVH50, 50200SE405 31 GöteborgSwedenPhone: +46 31 59 65 25Fax: +46 31 54 40 64https://www.media.volvocars.com/
Registered Office Göteborg, SwedenRegistration No.5560743089
Descriptions and facts in this press material relate to Volvo Car Group's international car range.Described features might be optional. Vehicle specifications may vary from one country to anotherand may be altered without prior notification.
Press Release
Date of issue Jan 12, 2015 | ID: 156030
Volvo Cars unveils two new sedans for the US market
S60 Inscription premium sedan offers class leading rear spaceSegmentfirst S60 Cross Country unveiledAllnew XC90 RDesign makes North American debutNew models move Volvo closer to its midterm objective of selling 100,000 cars a year inthe US
Volvo Cars today reinforced its product offensive in the US by unveiling two new sedans at the NorthAmerican International Auto Show in Detroit, moving it a significant step closer towards its mediumterm goal of selling 100,000 cars a year in the US.
The Volvo S60 Inscription and the Volvo S60 Cross Country will boost Volvo’s presence in theimportant premium sedan market. Volvo is also introducing the all new XC90 R Design in Detroit, thelatest version of its seven seat SUV that was launched in the US in Los Angeles.
“These two new products, added to the allnew XC90 unveiled in LA, are a further statement of our commitment toturn around our performance in the US. Overall, we will launch seven new products in the US by 2018,” said HåkanSamuelsson, President and Chief Executive Officer of Volvo Cars.
The introduction of these new models forms the latest chapter in Volvo’s ongoing transformation, which involves thecreation of a global industrial footprint, the complete renewal of Volvo’s product range over the next five years, theintroduction of a new modular chassis technology, worldfirst safety technologies, a new design language, a newpowertrain architecture and a range of classleading connectivity services.
The pace and depth of this transformation was underlined earlier this month after the company reported record fullyear sales for 2014. Sales increased 8.9 per cent in 2014 to a new record of 465,866 cars sold. December 2014also marked the 18th month of consecutive sales increases. Volvo Cars forecasts sales will continue to expand inall global markets in 2015.
The S60 InscriptionThe new Volvo S60 Inscription will offer classleading rear space, something consistently requested by UScustomers.
It will be made at Volvo’s plant in Chengdu, China, and is on show for the first time at this year’s North AmericanInternational Auto Show in Detroit.
Chengdu is Volvo’s main production facility in China and has been built in accordance with globally monitoredquality standards such as the Volvo Cars Manufacturing System, which ensures Volvo Cars’ global qualityengineering, quality audit and quality assurance standards.
Levels of installed technology and equipment are the same as the company’s European facilities, as are theworking environment, safety and environmental performance standards. Exports to the US will start in the secondquarter of this year.
Allnew S60 Cross CountryVolvo Cars is stepping up to meet the demands of its core customers with the unveiling of the exciting S60 CrossCountry at the Detroit Auto Show.
Back in 1997, when Volvo Cars was the first premium brand to introduce an allroad capable variant of itssuccessful wagons, no one could predict the future success of the crossover concept. Today, the crossover isubiquitous and has helped to define a whole new category of lifestyle vehicle.
Volvo Cars is once again taking a bold step forward – this time in the sedan segment – with the unveiling of the S60Cross Country – the first premium sedan with the same level of capability and rugged design cues of the renownedCross Country wagons.
“We want to further explore the market with our Cross Country brand. We did this back in 1997 with the V70 CrossCountry and it led to the birth of a whole new segment. We have included all the capabilitydriven benefits of theCross Country brand in this new model, while offering a completely unique expression of adventure and allroadreadiness in a distinctly sporty and stylish package,” said Lex Kerssemakers, Senior Vice President ProductStrategy and Vehicle Line Management at Volvo Cars.
Allnew XC90 RDesignThe XC90 is a visually striking, premium quality seven seat SUV with world leading safety features, new powertraintechnologies, an unrivalled combination of power and fuel efficiency and a superlative interior finish.
The new XC90 marks the beginning of a new chapter in Volvo’s history, capturing its future design direction,incorporating its own range of new technologies and utilising its new Scalable Product Architecture (SPA)technology. Customers obviously like what they see. Launched in August last year and just ahead of the start ofproduction, Volvo has already received orders for over 6,000 new XC90s.
The RDesign version of the allnew XC90 is aimed at buyers looking for a headturner that radiates a truly sportyand dynamic look.
“RDesign is created for people with a passion for things that add spice to life,” said Alain Visser, Senior VicePresident, Marketing, Sales and Customer Service of Volvo Cars. “It appeals to customers that love active drivingand a personal, expressive design.”
The visual promise of a dynamic ride is confirmed by the drivercentric interior featuring RDesign sports seats inNubuck textile and perforated leather. A choice of DriveE powertrains offering up to 400 hp and the completely newXC90 chassis ensure an agile driving experience.
The S60 Inscription, S60 Cross Country and XC90 RDesign will be available for delivery from the second quarter.
Volvo Car Group in 2013/14For the 2013 financial year, Volvo Car Group recorded an operating profit of 1,919 MSEK (66 MSEK in 2012).Revenue over the period amounted to 122,245 MSEK (124,547 MSEK), while net income amounted to 960 MSEK(542 MSEK). Global retail sales for the year amounted to 427,840 (421,951) cars, an increase of 1.4 per centcompared to 2012. The operating profit was the result of cost control and strong sales and was further tangibleproof of Volvo Car Group’s progress in implementing its transformation plan. For the full year 2014, global salesreached 465,866 cars, an increase of 8.9 per cent versus 2013. Full year financials for 2014 will be announcedduring the first quarter of 2015.
About Volvo Car GroupVolvo has been in operation since 1927. Today, Volvo Cars is one of the most wellknown and respected carbrands in the world with sales of 465,866 in 2014 in about 100 countries. Volvo Cars has been under the ownershipof the Zhejiang Geely Holding (Geely Holding) of China since 2010. It formed part of the Swedish Volvo Group until1999, when the company was bought by Ford Motor Company of the US. In 2010, Volvo Cars was acquired byGeely Holding.
As of December 2013, Volvo Cars had over 23,000 employees worldwide. Volvo Cars head office, productdevelopment, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars headoffice for China is located in Shanghai. The company’s main car production plants are located in Gothenburg(Sweden), Ghent (Belgium) and Chengdu (China), while engines are manufactured in Skövde (Sweden) andZhangjiakou (China) and body components in Olofström (Sweden).
Media Contacts
Stefan ElfströmCorporate SpokesmanVolvo Car Group
Phone: +46 31 596525Mobile: +46 31 [email protected]
Volvo Car Group MediaRelations
Phone: +46 31596525Mobile: +46 31[email protected]
Related Images
ID: 156098 ID: 156099 ID: 156100
MORE IMAGES
Volvo Car GroupPVH50, 50200SE405 31 GöteborgSwedenPhone: +46 31 59 65 25Fax: +46 31 54 40 64https://www.media.volvocars.com/
Registered Office Göteborg, SwedenRegistration No.5560743089
Descriptions and facts in this press material relate to Volvo Car Group's international car range.Described features might be optional. Vehicle specifications may vary from one country to anotherand may be altered without prior notification.
