Volvo

Dating back to 1927, when its first model was built, Volvo Group used to build trucks and cars, as well as marine and aero engines. In 1999, it sold its car business to Ford Motor for US$6.45 billion, and focused on commercial vehicles. Ford sold Volvo to China’s Geely in 2010.

Geely's Volvo unit set to sell China-made cars in the US

Volvo's S60 is key to its US export plan. Photo: Reuters

Volvo Car Group plans to export a Chinese-made midsize sedan this year to the United States, and is starting to weigh the possibility of building a factory in the US, people familiar with the carmaker's plans said.

Monday, 12 January, 2015, 2:16am

Culture clash as Chinese chief seeks to 'Pimp my Volvo'

Li Shufu

Safe, solid and understated in a Swedish way, or a wannabe luxury brand pandering to a Chinese taste for excess and ‘bling’: that’s the debate causing ripples at the top of Volvo Car Corp, under Chinese ownership since 2010.

11 Sep 2013 - 4:16am

Volvo factory to compete with China rivals

Volvo posted a loss last year as global sales fell 6.1 per cent to 421,951 vehicles. In China, sales dropped 11 per cent. Photo: Reuters

Three years after buying Volvo Cars, mainland tycoon Li Shufu may get to compete with BMW and Volkswagen's Audi on a more level playing field in his own country.

29 Aug 2013 - 4:13am

Chinese cars end up sidetracked in emerging markets

It’s nice, but is it art? A Mercedes AMG SLS sport car on display at the Art Beijing Expo earlier this month. Foreign car brands in China have a cachet that local companies have failed to match. Photo: EPA

A funny thing happened on the way to China’s drive to build a world-beating auto industry: It got sidetracked.

Instead of Chinese cars finding a ready market among its newly affluent people, and then establishing itself in developed markets where Japan and South Korean car makers have already blazed a trail, China’s auto-sector may be stuck in a blind alley.

16 May 2013 - 11:04am

Geely's UK investment fails, Volvo next?

Geely wants to forge Volvo into a luxury brand. Photo: EPA

The bankruptcy of Geely's UK investment could foreshadow a similar fate for its Volvo unit, which has been plagued by management turmoil and failure to execute a turnaround plan.

25 Oct 2012 - 2:36pm

Briefs, October 16, 2012

Volvo factory to halt production for a week

Huaneng's power output falls 5.4pc

16 Oct 2012 - 4:03am

China cars: Volvo sputters, GM sails

Geely Chairman Li Shufu attends a press conference after the signing ceremony in Goteborg of Sweden, March 28, 2010. Photo: Xinhua

Volvo is rapidly running into trouble and could eventually pull down Geely, while GM is consolidating its market leading position through strong growth for its low-end cars.

26 Sep 2012 - 12:42pm

Briefs

Swedish carmaker Volvo suffered a downturn as a result of the euro-zone crisis.

Vendors tell Hutchison to complete purchase

The debt-laden owners of Partner Communications have told Hong Kong conglomerate Hutchison Whampoa in a letter filed with the Tel Aviv Stock Exchange that it must go through with a deal to buy back Israel's second-largest mobile-phone operator. Reuters

Aussie slumps as GDP growth slows sharply

6 Sep 2012 - 3:10am

Volvo aims to lift its bus unit earnings

The Volvo bus division is seeking to lift profitability. Photo: Bloomberg

Volvo's bus unit will improve its production system to boost profitability, which has lagged behind the company's truck and construction equipment divisions for years, according to the head of the business.

4 Sep 2012 - 2:34am

Geely and Volvo to work on joint Chinese brand

Zhejiang Geely Holdings Group will soon announce a plan to develop a new Chinese brand with Volvo Car Corp through a 50-50 joint venture.

Although Geely acquired Volvo in 2010, Volvo is still considered a foreign car company, the group's spokesman, Yang Xueliang, said yesterday.

23 Feb 2012 - 12:00am

Volvo to build second factory in Heilongjiang

Zhejiang Geely Group's Sweden-based Volvo Car unit is planning a 4.58 billion yuan (HK$5.51 billion) investment on a second Chinese carmaking plant in the northeastern city of Daqing, according to a statement on a central government website.

24 Jun 2011 - 12:00am

Volvo sets its sights on luxury branding

Zhejiang Geely Group is betting its newly acquired, Sweden-based Volvo Car unit can remain foreign enough to win over well-heeled mainland consumers but become Chinese enough to cultivate government support and be attuned to rapidly shifting trends in the booming mainland car market.

27 Apr 2011 - 12:00am

News update

Volvo plans to build a plant with an annual capacity of 100,000 units in Chengdu in 2013. Freeman Shen, senior vice-president of Volvo Cars and chairman of Volvo's China operations, says that 'anything that Chinese customers will like, we will try to make them here.' The Chengdu production site will include assembly, engine and transmission plants.

26 Apr 2011 - 12:00am

Fast forward

Don't be fooled by the slick exterior of the new S60 T6 - this car remains a Volvo through and through. It still features the marque's traditional sober qualities of high safety standards and comfort; among small executive saloons, the S60 is a range topper.

16 Oct 2010 - 12:00am

High roller

Launched in 2002, Volvo's XC90 quickly made its mark in an already crowded sports utility vehicle sector, receiving more than 50 international awards for its safety, design and environmental care.

29 Mar 2008 - 12:00am

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