• Fri
  • Apr 18, 2014
  • Updated: 2:50am

Volvo Cars

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.

Tensions rise over Volvo's identity under China's Geely, sources say

The strategic path Volvo Car plans to follow is in question because of discord at the board level between new Chinese ownership and traditional European ways, according to two people familiar with the situation.

Saturday, 18 January, 2014, 12:59am

Volvo returns to 'safety first' marketing strategy

Volvo has realised that safe is better than sexy.

After several years adrift, as it changed owners and flirted with sexier advertisements, the Swedish carmaker is in the midst of a US$11 billion turnaround plan that it hopes will nearly double worldwide sales to 800,000 by 2020.

7 Nov 2013 - 3:43pm

Geely profit rises 32pc as domestic sales, exports surge

Chinese carmaker Geely said on Wednesday its last year net profit jumped 32 per cent, helped by recovering domestic sales and strong growth in exports. The owner of Swedish nameplate Volvo, Geely said its net profit for the year ended December 31, last year was 2.04 billion yuan (US$328 million), up from 2011’s 1.54 billion yuan, in a filing to the Hong Kong stock exchange where it is listed.

21 Mar 2013 - 12:22am

China's Geely and Sweden's Volvo to join hands on vehicle research work

Geely is to build a research centre with Volvo Cars in Volvo's home country, Sweden, the first time a mainland carmaker has moved its research and development work overseas.

21 Feb 2013 - 6:07am

Zhejiang Geely bids for Manganese Bronze

Zhejiang Geely Holding Group has submitted a bid to buy Manganese Bronze Holdings the maker of London's black taxis that is under creditor protection, two people familiar with the matter said.

22 Dec 2012 - 2:36am

Former MAN boss takes over at Volvo

Volvo Cars has named Hakan Samuelsson, the former chief executive of truckmaker MAN to succeed Stefan Jacoby as chief of the Swedish vehicle maker.

Samuelsson, a Volvo Cars board member, is replacing Jacoby immediately, the Gothenburg-based carmaker said at a press conference in Stockholm.

20 Oct 2012 - 2:35am

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

Sporty Volvo S60 packs a punch

Older readers might recall that in the 1990s, a Tsim Sha Tsui East nightspot hit on what it thought would be a swish name for itself. A certain Swedish carmaker subsequently raised strenuous objections, and 'Club Volvo' found itself in the tricky situation of having to change its name fairly swiftly.

27 Aug 2010 - 12:00am

AT A GLANCE: Volvo XC90 2.5 T2

What drives it? A transversely mounted 2.5-litre five-cylinder

all-wheel-drive engine with a five-speed automatic transmission.

How fast is it? This model makes 0-100kmh in 9.9 seconds, with a limited top speed of 210km/h.

29 Mar 2008 - 12:00am

Footdown

Playing it safe

The Collectors Car Club of Hong Kong plans to line up 20 cars at the Central and Western District Road Safety Campaign Carnival at the Chater Road Pedestrian Precinct in Central, from 1pm until 5pm tomorrow.

1 Mar 2008 - 12:00am

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