Volvo News

Volvo will declare war to the German premium brands with the launch of the new Volvo V60 at the Paris Auto Show. The Estate will compete with 3 Series Touring, Audi A4 Avant and Mercedes C-Class Estate. After the fresh change of ownership, Volvo aims to relaunch the brand and wants to reposition its products [...]

Volvo’s new CEO reaffirmed his believes that Volvo deserves a place near that world’s top premium automakers. Stefa Jacoby, Volvo’s new CEO, said that the brand he runs will be able to use the freshly captured independence to enter the top league of premium brands. Jacoby led the American division of Volkswagen until a few weeks ago, [...]

Geely hopes that Volvo to be able to sell until 2015 approximately 600,000 units per year. For this, the Swedes will release C20, a rival for Audi A1 and the S90 sedan. Although they promised that they will not influence the Volvo evolution, the new owners from Geely seem to express their own ideas on [...]

Following the acquisition of approximately $1.5 billion, the Chinese from the Geely wants to create a rival for Mercedes S-Class and BMW 7 Series by Volvo S80 and to sell a total of 380,000 units per year. The Chinese from Geely wants to make from Volvo a top rival in the premium segment. According to the [...]

European Commission approved Volvo sale to Geely. The deal will be finalized in the third quarter of this year. Competitiveness Council of the European Commission approved the sale of Volvo. So, Ford Motor Company will be able to sell the Swedish premium brand without any legal obstacles coming from EC. As you well know, Geely [...]