December 28, 2014 4:24 PM 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 Product Strategy & Vehicle Line Management
Compensation as of Fiscal Year 2014.

Volvo Car Corporation Key Developments

Volvo Car Corporation Appoints Tom Johnstone as a Member of its Board of Directors Effective January 1, 2015

Volvo Car Corporation has appointed Tom Johnstone as a member of its Board of Directors effective January 1, 2015. Mr. Johnstone joins the Board of Volvo Cars from SKF, when he finishes his tenure as President and CEO on December 31, 2014. Tom Johnstone has been President and CEO for SKF for more than eleven years and brings with him decades of industrial experience and understanding of the automotive industry. The appointment of Mr. Johnstone also highlights the strength of the industrial cluster in Gothenburg as well as the historical links between Volvo Cars and SKF, which go back all the way to the foundation of Volvo Cars in 1927.

Volvo Car Corp Reports China Sales Results for the Month and Year to Date Ended November 2014

Volvo Car Corp. reported China sales results for the month and year to date ended November 2014. The company reported its vehicle sales jump 33.6 % year on year to 6,933 units in Nov. 2014. The figure for last month was lower than the 6,917 units it realized in Oct. and accounted for 17.8% of its global sales. The company reported that the healthy growth for last month was mainly boosted by good sales of Volvo XC60 and Volvo S60L. For the first eleven months of 2014, the company's auto sales in China increased 33.6 % from a year earlier to 72,760 units, accounting for 17.37% of its global sales.

Volvo Cars Corporation Reports Global Sales Results for the Month and Year to Date Ended November 2014

Volvo Cars Corporation has reported an increase in global sales for the month and year to date ended November 2014. The company sold 38,941 cars globally last month, an increase of 2.6% over the year-ago period. During January to November 2014, the company sold 418,821 cars, up 8.8% compared to the same period in 2013.

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