Volvo Makes Profit Progress, But Sales Target Looks Elusive. “we anticipate that global sales will peak at around 707,500 by the end of the decade, still a far distance from its goal,” Volvo, which is launching the V90 estate car at the Geneva Car Show, expects record profits this year after tripling earnings […]
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Volvo Makes Profit Progress, But Sales Target Looks Elusive
Volvo Makes Profit Progress, But Sales Target Looks Elusive. “we anticipate that global sales will peak at around 707,500 by the end of the decade, still a far distance from its goal,” Volvo, which is launching the V90 estate car at the Geneva Car Show, expects record profits this year after tripling earnings in 2015, […]
Volvo Has The Flexibility To Meet Possible Diesel Problems
Volvo Has The Flexibility To Meet Possible Diesel Problems. Environment, Responsibility Will Be Key Points In Premium Market. Volvo believes that if political pressure makes the demand for diesel engines slide, it will be able to make up the shortfall with petrol engines and plug-in hybrids. About 90 per cent of Volvo cars in Europe […]
Volvo Aims To Eliminate Death, Serious Injury In Its Cars
Stronger Bodies, Computers Will Help. Volvo, which has used its reputation for safety as its major selling point, said it hopes to make its vehicles so secure that by 2020, nobody will lose their lives or be seriously injured in one of their cars. “It is our ambition that by 2020 nobody will be killed […]
Renault Sells Volvo Stake, Completes Russian Deal
Renault Sells Volvo Stake, Completes Russian Deal Lada Deal Promises Big Leverage In Massive Local Market Renault pleased investors by selling its remaining shares in Volvo trucks for €1.6 billion, and finalizing control over Lada-manufacturer AvtoVAZ of Russia. According to the Financial Times of London’s Lex column, Renault’s Volvo deal was smart, with the remaining […]
Ford Europe’s Modest Profit Wiped Out By Ailing Volvo
Last Year Volvo Might Have Gone For $6 Billion. Now Ford Will Be Glad To Get $2 Billion. Ford of Europe managed to make a profit in the second quarter, but couldn’t keep pace with the red-ink from Volvo, raising the pressure to find a buyer for the Swedish chronic loss maker. Ford Europe’s pre-tax […]
Financial Crisis Marginalises Swedish Auto Makers
Volvo Said To Be Worth Up To $6 billion, But No Takers For Saab. Ford said it is now looking for a buyer for Volvo, but the future of its Swedish compatriot Saab looks uncertain as its parent GM twitches in its financial death throes. At least investors seem to think there may be buyers […]