July 30, 2014 6:05 AM ET

Automobiles

Company Overview of Volvo Car Corporation

Company Overview

Volvo Car Corporation develops, manufactures, markets, sells, and services cars for customers in the United States, Sweden, China, Germany, the United Kingdom, and internationally. It offers cars with various body types, such as sedans, estates/sportswagons, cross country vehicles, SUVs, and convertibles; and provides related parts. The company was founded in 1927 and is headquartered in Gothenburg, Sweden with additional offices in Shanghai and Chengdu, China. It has production plants in Gothenburg, Olofström, and Floby, Sweden; Ghent, Belgium; Skövde, Sweden; Kuala Lumpur, Malaysia; and Chongqing, China. As of August 2, 2010, Volvo Car Corporation operates as a subsidiary of Zhejiang Geely...

VAK building

Assar Gabrielssons väg

Gothenburg,  405 31

Sweden

Founded in 1927

Phone:

46 31 59 00 00

Fax:

46 31 59 40 64

Key Executives for Volvo Car Corporation

Chief Executive Officer
Age: 63
Chief Financial Officer and Senior Vice President
Senior Vice President and General Counsel
Managing Director of Middle East
Age: 44
Senior Vice President of Quality & Customer Satisfaction
Compensation as of Fiscal Year 2014.

Volvo Car Corporation Key Developments

Volvo Car Corporation Reports Earnings Results for the Second Quarter of 2014

Volvo Car Corporation reported earnings results for the second quarter of 2014. The company reported net profit at SEK 2.53 billion in the second quarter of 2014 compared with a net profit of SEK 2.1 billion in the same period in 2013. Net sales in the quarter at SEK 72.6 billion, a decrease of 1% compared to the year-ago period.

Volvo Car to Launch New XC90 with Unrivalled Combination of Power and Clean Operation

Volvo Car announced its all-new XC90 will offer an unrivalled combination of power and clean operation when it is launched later this 2014. The all-wheel drive, seven seater offers drivers up to 400 horsepower but with carbon dioxide (CO(2)) emissions of around 60 g/km (NEDC driving cycle). There has never been an SUV offering this level of power this cleanly. The new XC90 offers a range of Drive-E engine options, all of which provide an outstanding combination of performance and fuel efficiency. The main distinguishing feature of the Drive-E engine range is that they are all four-cylinder engines. Volvo has made it possible for a four-cylinder engine to provide all the driving pleasure associated with a much larger engine and do so far more efficiently and cleanly. For the all-new XC90, the top of the range 'Twin Engine' will carry the badge 'T8' and be a plug-in electric car, hybrid car and high-performance car rolled into one. Normal driving is conducted in the default hybrid mode. This utilises a two-litre, four-cylinder supercharged and turbocharged Drive-E petrol engine, which powers the front wheels and an 80hp (60 kW) electric motor driving the rear wheels. The supercharger fills in the bottom end of the power range to give a big, naturally aspirated feel, while the turbocharger kicks in when the airflow builds up. The electric motor on the rear wheels provides immediate torque. But at the push of a button the driver can switch to quiet, emission-free city driving on pure electric power. The range will be around 40 kilometres. The driver can also use the combined capacity of the petrol engine and electric motor: around 400hp and 640Nm of torque. The Volvo XC90 range also includes the D5 twin turbo diesel engine with 225 hp, 470 Nm, best in class fuel consumption of around 6l/100 km and the D4 turbo diesel engine with 190hp, 400 Nm and a fuel consumption of around 5l/100 km. The range also offers two petrol engine options: the T6 turbo engine with supercharger and turbo, 320 hp and a maximum torque of 400 Nm and the T5 with 254 hp and 350 Nm.

Volvo Cars Announces Sales Results for the Month and Year to Date Ended June 2014

Volvo Cars announced sales results for the month and year to date ended June 2014. For the month, the company global deliveries grow by 5.4% year on year. Sales in June 2014 were lifted from 40,938 units to 43,132 units. For the year to date, the total number of deliveries now stands at 229,013 units, an increase of 9.5% year on year.

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