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.
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 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
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
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 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
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
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
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
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
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