Volvo’s Polestar Rollout Will Take On The World In 2020. “We want to be ambitious but not naive and we can’t do everything from a standing start” Electric performance car aspirant Polestar is going global from day one in a China-based gamble which makes Tesla seem like a bunch of conservative, shrinking-violets. Polestar, a subsidiary […]
Tag Archives | Volvo
Volvo Sells More Cars, Makes Less Profit
Volvo Sells More Cars, Makes Less Profit. “margins will remain under continued pressure” Volvo Cars of Sweden, owned by China’s Zhejiang Geely Holding, sold more cars and SUVs last year but saw its profit margin slide because of tariff wars and increasing competition. President and CEO Hakan Samuelsson said this wasn’t good enough and promised […]
Volvo Delays Planned Flotation As Investors Doubt Valuation
Volvo Delays Planned Flotation As Investors Doubt Valuation. “It is still an option, a very realistic option, but will not happen immediately. The timing has to be optimal” The planned stock market flotation of Volvo Cars has been delayed with the company citing fears of a trade war, according to newspaper reports, but which more […]
Flotation Could Value Volvo Cars At Up To $40 Billion
Flotation Could Value Volvo Cars At Up To $40 Billion. “Volvo is a subscale, mid-range premium (manufacturer)” Swedish based and Chinese owned Volvo Cars’ stock market sale is thought to be imminent, and speculation shows a wide range of investor opinions about its value, ranging from $15 billion to $30 billion, while the company is […]
Volvo XC40 SUV Wins Car of the Year at Geneva Show
Volvo XC40 SUV Wins Car of the Year at Geneva Show. The new Volvo XC40 small SUV has been named 2018 European Car of the Year at the Geneva Motor Show in Switzerland, the Swedish-based and Chinese owned company’s first win of this prize. The European Car of the Year award is the judgement […]
Volvo’s New Model Program Accelerates With XC60
Volvo’s New Model Program Accelerates With XC60. “If you’re prestige hungry you will buy BMW and Audi and Volvo is not seen in that company. It appeals to buyers looking for function and safety” Volvo’s new XC60 compact SUV goes on sale in the U.S. in August, and you might be surprised to learn that […]
Laughable Media Herd Screw Up Volvo Electric News
Laughable Media Herd Screw Up Volvo Electric News. “Volvo Death Knell For Petrol Cars” – Wrong “Volvo actually said any new car it launches after 2019 will have an element of electrification” Volvo is struggling to replace its massive diesel fleet in Europe and must urgently electrify but it was probably amazed to see some […]
Volvo Cars Raises More Money, Poised For Share Sale
Volvo Cars Raises More Money, Poised For Share Sale. “This is another step towards a return to the stock market for Volvo” Volvo’s march back to normality and a stock market listing continues after it raised another $500 million from the sale of preferred shares to investors outside of Sweden and mainly in China. That […]
Geely of China Creates Lynk To Sell Volvo-based Cars In U.S.
Geely of China Creates Lynk To Sell Volvo-based Cars In U.S. “The design brief was simple: the cars should stand out from the crowd and appeal to a truly global audience” Volvo’s parent Geely Automobile of China has unveiled a new brand, Lynk, which will produce cheaper mass market cars using the basic engineering of […]
Volvo’s New Small SUV, Sedan Likely To Appear Next Year
Volvo’s New Small SUV, Sedan Likely To Appear Next Year. Fruits Of Zhejiang Geely Holding Alliance. Volvo Cars unveiled two new small SUV and hatchback design concepts as it bids to crank up long-term output and compete with the Germans, while Moody’s Investors Service said Volvo’s profitability will improve through 2017. […]