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Sweden's Volvo Cars increases sales in 2010

Sweden's Volvo Cars increases sales in 2010

Published: 07 Jan 2011 15:06 GMT+01:00
Updated: 07 Jan 2011 15:06 GMT+01:00

After two straight years of slumping sales, Sweden's Volvo Cars bounced back in 2010 despite continued weakness in the US.

Global sales grew 11.2 percent to 373,525 compared with 334,808 in 2009, the company said in a statement on Friday. However, the figure is still shy of the 374,297 cars sold in 2008, when sales declined from 458,323 the previous year.

"For the Volvo Car Corporation, 2010 was a year of changes...On August 2nd, Zhejiang Geely Holding Group completed the acquisition of 100 percent of the Volvo Car Corporation from Ford Motor Company," corporate spokesman Per-Åke Fröberg said in a statement on Friday.

"The Volvo Car Corporation returned to profit in the first quarter of 2010 and kept up the momentum throughout the year," he added.

In addition, Volvo sales continue to fall in the US despite a rebound in the auto sector, with US auto sales rising to their highest rate in 16 months in December. US sales fell 12.2 percent or 7,474 to 53,952.

Sweden will soon overtake the US as Volvo's biggest market, the company added.

In China, sales increased by 36.2 percent and 29 percent in Nordic countries. Other strong markets included Russia, where sales increased by 54.5 percent, Belgium by 35.9 percent and Norway by 38.9 percent.

The XC60 compact crossover remained Volvo's best-selling car, selling 80,732 worldwide last year, followed by two station wagons: the V50 with 56,098 units sold and the V70, selling 48,872 units.

The XC60 and V50 are manufactured in Ghent, Belgium, while the V70 is produced in Torslanda, outside of Gothenburg in western Sweden. In 2010, Volvo recruited about 500 additional staff to work at these two plants, with some of these positions becoming permanent.

Other manufacturing locations include Uddevalla northwest of Trollhättan in western Sweden, Chongqing in western China, Thailand and Malaysia.

After naming CEO and Geely Chairman Li Shufu as its chairman on July 15, the company also appointed Stefan Jacoby as president and CEO several weeks later and presented a new board in connection with the new ownership.

The company highlighted the positive reception the company has received to the launch of the new Volvo S60 sedan and V60 estate car last year in its annual review.

It also unveiled a new five-cylinder two-litre diesel engine design for the S60, bringing fuel consumption down to an estimated 5.3 litres per 100 kilometres with a manual gearbox.

The Volvo S60 was launched at the Geneva Motor Show in early March and features pedestrian detection with full auto brake.

Separately, at the biennial 2010 Paris Motor Show in October, Jacoby confirmed plans for Volvo's launch of a plug-in V60 hybrid next year and noted that the foundation for the hybrid would be the V60 model.

The V60 plug-in hybrid will have carbon dioxide emissions of just 49 grammes per kilometre and the car will be equipped with a battery that can be recharged in four to six hours and provide up to 50 kilometres in pure electric range.

Both car models include a new infotainment system where information about the audio system, navigation unit, mobile phone and other functions is presented on a 13- to 18-centimetre colour screen.

The company also emphasised its pledge to develop cars entirely free from exhaust emissions and carbon dioxide.

Measures include the introduction of high-efficiency diesel models with very low CO2 emissions, an electrification strategy with a test fleet of C30 Electric and market introduction of plug-in hybrids as early as next year.

Vivian Tse (vivian.tse@thelocal.se)

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Your comments about this article

18:10 January 7, 2011 by Beavis
Should it not read: China's Volvo cars??
21:40 January 7, 2011 by organismasawhole
Sweden will soon overtake the US as Volvo's biggest market, the company added.

China will become the worlds largest auto market period, and probably the largest Volvo market as well.

And yes Volvo is a Chinese company now, get used to it.
23:59 June 3, 2011 by JAVED A. KHAN
In March 2011, I bought Volvo S60 T6 with techno-pak. Two days later there was a flat tire. I had to pay $788 to the dealer Uptown Volvo Montreal for replacement of tire and so-called repair to the damaged two rims on same side. Car remained with Volvo for 5 days 'coz Continental tires were not available in Canada? Then the BLISS technology was malfunctioning I returned the car to Volvo. They ordered BLISS camera from Sweden it took another 5 days.The same evening the passenger side front tire got burst. The car remained for another 9 days in the Volvo showroom. This time I did not accept Continental tires and I asked for Michelin tires. I had to pay a difference of 236 dollars.

Last week the passenger side front tire got burst. Another 4 days to get my car back. In 3 months I drove 300 km, 3 times the tires got burst.

In 4 years I have bought 4 new Volvos. The first was XC70 Cross Country T5 second was S60 T5 and third is XC60 T6. In the past I have never had any problem.

Some experts I talked they said, either the RIMS are defective or the Car is too heavy that it cannot take the slightest impact - and these are not pot holes for your info. just a dip on the road and the speed was 50kmph.

I have written to Uptown Volvo, Volvo Canada, Volvo USA a lady Brenda from Volvo Canada called me a couple of times but, no result. I have started writing on various auto-blogs such as Sympatico Autos, Motor Trend etc., and warned the bloggers NOT to buy the Volvo S60 T60 for the reason I mentioned on the blogs.

I have asked Uptown Volvo to reimburse me the $788 plus the $236 and also pay for my monthly installments of $1120 per month for 3 months because, I am not driving this car anymore. I need 4 new 17" RIMS with new tires PLUS a SPARE WHEEL. There is NO spare tire in this model? I cannot drive this new car anymore, my driving confidence is shattered. And, I was not driving this car off road but just on the same everyday road that I take from home to office and back.

At Brenda's request I am holding my complain to the Consumer Protection office in Quebec, also holding all the supportive documents before I go on the French TV channel and talk about this new Volvo problems. I would like the CEO of Volvo Sweden to look into this matter personally before a really bad reputation is created, the damage would be irreversible. This is not a threat, but mere FACTS you should know because, most people sitting up at the top of the pyramid seldom knows the real problems.

So, please get me a positive answer and resolve this matter ASAP.

JAVED A. KHAN

1105 AV. STRAUSS

BROSSARD

QUEBEC J4X 1T2

CANADA.
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