Volvo_cars
The following articles have been tagged with "Volvo_cars":
EU green lights Volvo and Dongfeng merger
Business & Money: 8 May 13
The European Commission has approved the merger of Sweden's Volvo Trucks and China's Dongfeng Motor, in what will create the biggest truck maker in the world.
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Volvo Cars expected to post major losses
Business & Money: 18 Apr 13
Volvo Cars looks likely to post heavy losses for 2012 in China, due to weaker than expected sales in the world's biggest auto market.
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'Dangerous' Swedes in Volvos arrested in Zurich
National: 5 Apr 13
Three Swedes visiting Zurich were shocked on Thursday when local police pulled over their black Volvo station wagons and arrested them at gunpoint.
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Geely 'won't jeopardize Volvo integrity'
Business & Money: 21 Feb 13
Volvo Cars owner Geely plans to create a research centre in Gothenburg, western Sweden, to capitalize on advanced European technology without harming Volvo's brand.
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Sales slumber prompts 1,000 Volvo job cuts
Business & Money: 20 Feb 13
Volvo Cars said on Wednesday it was preparing to axe 1,000 mostly white-collar jobs as car sales in Europe have fallen to a two-decade low.
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Volvo offers sneak peek of new car models
Business & Money: 19 Feb 13
Volvo Cars unveiled updated versions of several of its larger vehicle models on Monday with modifications designed to make them feel more luxurious and boost fuel efficiency.
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Ex-CEO slams Volvo Cars over sacking
Business & Money: 10 Jan 13
Stefan Jacoby, the ex-CEO of Volvo Cars, has admitted to feeling cheated by his old company after they fired him last year halfway through his recovery from a stroke.
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Volvo V70 most sold car in Sweden in 2012
Business & Money: 2 Jan 13
The Volvo V70 was Sweden’s most sold car in 2012, the 55th consecutive year Volvo Cars took the honour on home turf.
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CEO: 'very difficult' for Volvo Cars to avoid loss
Business & Money: 19 Dec 12
The head of Volvo Cars warned in an interview on Tuesday that it would be "very difficult" for the company to avoid losing money this year and next.
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Ericsson to help Volvo cars connect to the net
Science & Technology: 17 Dec 12
Volvo cars are about to get "smarter" thanks to a partnership with Ericsson that will let drivers and passengers access a range of web-based services directly from the dashboard.
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Volvo Cars to refinance loans with Chinese help
Business & Money: 14 Dec 12
Volvo Cars said on Thursday that it had received a loan of €922 million ($1.2 billion) from the China Development Bank in a move to refinance Volvo's other loans.
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Volvo drives cash into its Swedish factories
Business & Money: 3 Dec 12
Volvo Cars will spend almost half of a multi-billion investment on its production in Sweden, the company said in a statement on Monday.
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Former Volvo CEO to receive generous pay-off
Business & Money: 5 Nov 12
Former Volvo Cars CEO Stefan Jacoby, who left his post after two years due to ill health, will not be leaving empty handed. According to company policy he is entitled to some 8 million kronor ($1.2 million) in severance pay.
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Former MAN chairman named new Volvo CEO
Business & Money: 19 Oct 12
Volvo Cars board member Håkan Samuelsson, who previously served as chairman of German truckmaker MAN, has been named the new Volvo CEO, taking over from current head Stefan Jacoby who suffered a stroke in September.
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Volvo halts production at Swedish plant
Business & Money: 15 Oct 12
Volvo Cars announced Monday that the there would be a week-long stop to production at one of their primary plants following a sluggish European auto market.
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Stroke sidelines Volvo Cars CEO Jacoby
Business & Money: 24 Sep 12
Stefan Jacoby, the CEO of Volvo Cars, has suffered a stroke that has forced him to take a leave of absence from running the Swedish automaker.
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Volvo slashes consultant staff, pressures suppliers
Business & Money: 14 Sep 12
Volvo Cars cut 400 consultant jobs on Friday and warned suppliers they would have to cut prices by 20 percent by 2015 if they wanted to be a part of the Swedish automaker's plans to expand production.
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Volvo profits plummet as global sales slump
Business & Money: 5 Sep 12
Swedish carmaker Volvo reported an 84 percent drop in operating profit through the first half of the year compared to 2011 amid slumping sales and tough competition.
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US man's Volvo nears 3 million mile mark
Society: 10 Jul 12
A US motorist who bought a Volvo in 1966 and already holds a Guinness World Record is about to pass the 3 million mile (4.8 million kilometre) mark in the nearly 50-year-old Swedish brand car.
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Scholarships help students realise Swedish university dreams
Study in Sweden: 3 Jul 12
If you want to study at a Swedish university as an international student, a scholarship could help you secure funding to cover the cost. Chalmers University of Technology in Gothenburg offers a range of scholarships sponsored by foundations, the Swedish state and business.
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China and Sweden sign deals during Wen visit
Business & Money: 25 Apr 12
A plethora of deals were signed by Chinese prime minister Wen Jiabao and Swedish companies during his visit to Sweden, including agreements between carmaker Volvo and telecom giant Ericsson.
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Five deals on the table during Chinese visit
Business & Money: 24 Apr 12
When Chinese prime minister Wen Jiabao visited Sweden on Tuesday, it was to sign a series of trade deals, including a major investment with car manufacturer Volvo, according to media reports.
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Volvo 'in talks' with NBA superstar Jeremy Lin
Sport: 15 Mar 12
Swedish auto manufacturer Volvo Cars is reportedly in talks with Asian-American basketball star Jeremy Lin in hopes he will endorse their product and bring greater awareness of Volvo in China.
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Volvo unveils first car with 'pedestrian' airbags
Science & Technology: 6 Mar 12
A new Volvo V40 hatchback, equipped with the latest in safety features including the first ever “external“ airbag system, was unveiled at the Geneva Motor Show on Tuesday.
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Volvo Cars makes bid for bankrupt Saab: report
Business & Money: 23 Feb 12
Swedish automaker Volvo Cars has placed a bid for large parts of its bankrupt counterpart Saab Automobile.
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Volvo wagon Sweden's 'biggest film star'
Society: 20 Jan 12
When naming the Swedish model most often seen on the silver screen, many might guess Greta Garbo. But the correct answer is actually the rather unassuming Volvo 240 station wagon, according to a new ranking.
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Volvo's Chinese owner interested in Saab: report
Business & Money: 6 Oct 11
China's Geely, owner of Volvo Cars, has indicated an interest in acquiring a stake in troubled Swedish automaker Saab Automobile, according to media reports.
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Volvo Diplomat Sales - more than just selling a car
Lifestyle: 4 Oct 11
If you're a diplomat or have tax-free status at an international organization, a special scheme from Volvo means that you can buy a premium car at favourable prices - and gain many benefits besides.
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Volvo Cars to close Uddevalla plant
Business & Money: 3 Oct 11
Volvo Car Corporation is terminating production at their plant in Uddevalla, in western Sweden, when they take over sole ownership of the company in 2013, the company announced on Monday.
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Volvo and Siemens rev up electric car venture
Business & Money: 31 Aug 11
Swedish automaker Volvo Cars has teamed up with German industrial group Siemens to develop technology for electric vehicles, the companies announced said Wednesday.
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Agency denies inflating China deal job figures
Business & Money: 13 Jun 11
Invest Sweden, the state agency tasked with attracting foreign investment to Sweden, has denied reports that it inflated figures detailing the number of jobs created by deals it brokered with Chinese companies.
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Volvo Cars reports sales, profits boost
Business & Money: 12 May 11
Swedish automaker Volvo Cars reported a profit of 2.34 billion kronor ($369 million) for 2010, marking a massive swing back into profit compared 2009.
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Saab secures partnership with Chinese firm
Business & Money: 3 May 11
Saab has entered into a "strategic partnership" with Chinese Hawtai Motor Group, who plan to invest billions of kronor into the Swedish firm, it was announced on Tuesday.
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Volvo helps pioneer 'hands-free' driving
Analysis & Opinion: 18 Apr 11
Swedish carmaker Volvo wants to let drivers kick back, take their hands off the wheel, and catch up on a little TV while barreling down the motorway, all in the name of improving road safety, The Local's Geoff Mortimore explains.
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Volvo Cars plans to hire 1,200 new staff
Business & Money: 29 Mar 11
Swedish car maker Volvo said Tuesday that it plans to hire 1,200 new employees, mostly engineers to meet the development of electric cars and production expansion.
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Radiation fears prompt Volvo shut down in Japan
Business & Money: 15 Mar 11
Swedish truckmaker Volvo is shuttering operations of its Japanese subsidiary amid fears of radiation leaking from nuclear plants damaged in last week's devastating tsunami, the company said on Tuesday.
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Corporate deals set to take off in Sweden in 2011: report
Business & Money: 28 Feb 11
Sweden is one of the hottest markets in the Nordic region for corporate mergers and acquisitions, according to a new report.
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Truckmaker Volvo drives back to profit in 2010
Business & Money: 4 Feb 11
Swedish heavy vehicles maker Volvo Group returned to profit in 2010, the company reported on Friday, despite a less-than-stellar fourth quarter.
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Volvo opens new China headquarters in Shanghai
Business & Money: 25 Jan 11
Swedish automaker Volvo opened its new China headquarters in Shanghai on Tuesday in its latest bid to expand its market share in the country.
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China to be Volvo's 'second home market'
Business & Money: 12 Jan 11
China may be the largest market for Volvo Cars by the end of 2011, as the company looks to increase sales in China six-fold by 2015, according to the head of Volvo’s China operations.
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Sweden's Volvo Cars increases sales in 2010
Business & Money: 7 Jan 11
After two straight years of slumping sales, Sweden's Volvo Cars bounced back in 2010 despite continued weakness in the US.
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Volvo mulls Chinese plant within two years
Business & Money: 27 Dec 10
Volvo Cars CEO Stefan Jacoby has confirmed that the firm wants to open a new assembly plant in China in two years.
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AB Volvo CEO to resign next summer
Business & Money: 8 Dec 10
After almost 14 years as president and CEO of AB Volvo, Leif Johansson announced his intention on Wednesday to resign in conjunction with his 60th birthday next summer.
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Volvo and Geely clash on China expansion
Business & Money: 3 Dec 10
Volvo Cars and its Chinese owner Geely appear headed on a collision course regarding Volvo's expansion in China, the Financial Times reported late on Thursday.
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Volvo and Geely in two minds over China plans
Business & Money: 13 Nov 10
Volvo Cars and its Chinese owners Geely have different ideas on how best to market the Sweden-based firm's models in China.
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Volvo Cars expects to end year positively
Business & Money: 29 Oct 10
Volvo Cars continues to guide for a full-year positive result after announcing it has achieved an operating profit in the third quarter.
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China now Volvo's third-largest market: reports
Business & Money: 23 Oct 10
China has become the third-largest market for Volvo following its acquisition by Chinese automaker Geely, state media reported Saturday.
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Profits at truckmaker Volvo beat expectations
Business & Money: 22 Oct 10
Swedish truckmaker Volvo has shifted back into profit, reporting third-quarter profits of 2.81 billion kronor ($422 million) on Friday.
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Wanted: 50 Volvo employees in China
Business & Money: 12 Oct 10
Volvo Cars is looking to relocate about 50 employees from Sweden to China as more details emerge about Geely’s plans for the Swedish carmaker's operations in China.
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Saab in talks with Volvo on production: report
Business & Money: 7 Oct 10
Saab Automobile and Volvo Cars are in talks for production collaboration, Reuters reported on Thursday, citing a spokesman from Saab owner Spyker Cars.
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Volvo scraps COO post in management reshuffle
Business & Money: 5 Oct 10
Volvo Cars has removed its chief operating officer post in a realignment of management roles at the company. An executive from China's Geely is also set to take over a new role.
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China's Geely outlines ambitious Volvo plans
Business & Money: 14 Sep 10
The head of Chinese automotive firm Geely has presented ambitious plans for the future of Volvo Cars, aiming to double global sales by promoting the brand in China.
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Saab and Volvo speed up production
Business & Money: 13 Aug 10
Swedish carmakers Saab and Volvo have both increased production to satisfy rising demand for their cars. Several hundred workers who had previously been laid off have been rehired.
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Indian Volvo workers strike over pay
Business & Money: 3 Aug 10
About 600 employees of a Volvo bus plant near Bangalore in India are striking for better pay and the return to work of four colleagues suspended following a dispute.
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China's Geely completes Volvo purchase
Business & Money: 2 Aug 10
Chinese car maker Geely Holdings formally completed its deal to buy Sweden's Volvo Cars from US auto giant Ford at a ceremony in London on Monday, the firm has confirmed.
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Geely gets second green light for Volvo purchase
Business & Money: 30 Jul 10
A second Chinese government body had approved China's Zhejiang Geely Automobile's plan to buy Swedish automaker Volvo from Ford, the company announced on Thursday.
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China approves Geely's takeover of Volvo
Business & Money: 29 Jul 10
China's Ministry of Commerce has approved Zhejiang Geely Holding's plans to buy Sweden's Volvo Cars from Ford, a report said on Thursday.
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Geely head to lead Volvo Cars
Business & Money: 16 Jul 10
Li Shufu, the chairman of Chinese firm Geely, will also lead Volvo Cars when the acquisition of the Swedish firm is complete, the two firms said on Thursday.
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Geely expects third quarter Volvo deal
Business & Money: 8 Jul 10
China's Zhejiang Geely Holding expects to complete the purchase of Sweden's Volvo Cars in the third quarter, the firm said Thursday after the European Commission cleared the takeover earlier this week.
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EU approves Geely Volvo purchase
Business & Money: 7 Jul 10
The takeover of Sweden's Volvo Cars by Chinese carmaker Zhejiang Geely Holding and a Chinese regional state investment fund was cleared by the European Union's competition watchdog on Tuesday.
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Chinese state investor gets 40 percent of Volvo
Business & Money: 24 Jun 10
Volvo Cars now has a government partner among its investors, but it is not the Swedish state, TV4's business news program Ekonominyheterna reported late on Wednesday.
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Volvo shareholder keen on Renault stake
Business & Money: 21 Jun 10
Swedish holding company Industrivärlden, Volvo Group's second largest shareholder, has confirmed its interest in buying some or all of Renault's stake in the Swedish truckmaker.
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Volvo sales continue rise in Europe
Business & Money: 15 Jun 10
Swedish carmaker Volvo is continuing to triumph in the European car market. In May, the company increased sales by 18.6 percent while the overall market shrank.
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Car registrations rise sharply in May
Business & Money: 1 Jun 10
In May, 24,994 new passenger cars were registered, according to industry organization Bil Sweden, an increase of 37.2 percent from last year.
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Volvo mulls recall over engine problem
Business & Money: 4 May 10
Swedish car maker Volvo warned customers on Monday that it was considering a recall of eight models after the discovery of an engine problem that could cause their cars to suddenly accelerate.
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Geely reveals Volvo China production plans
National: 1 May 10
Chinese car maker Geely plans to begin production in China of Volvo S60 cars and XC90 SUVs once it completes the purchase of the Swedish brand from US auto giant Ford, a top Geely Automobile executive has revealed.
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Geely comments raise doubts over Volvo buy
Business & Money: 13 Apr 10
Geely CEO Gui Sengyue has once again caused ripples of concern in Sweden after comments indicating a less independent role for Volvo within the Chinese firm.
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Geely pledges major Volvo capital boost
Business & Money: 30 Mar 10
Chinese car maker Zhejiang Geely Holding has vowed to pump an extra $900 million dollars into Volvo Cars on top of the $1.8 billion purchase price in a bid to revive the Swedish brand's flagging fortunes.
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Geely to harness Swedish 'tiger' Volvo
Business & Money: 29 Mar 10
Likening Volvo to a caged beast, Chinese car maker Geely pledged on Sunday to 'liberate the tiger' onto the Asian powerhouse's burgeoning auto market after it signed a deal to acquire the brand from Ford.
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Volvo sold to China's Geely
National: 28 Mar 10
Chinese car maker Zhejiang Geely Holding has signed a deal to buy Sweden's Volvo Cars from US auto maker Ford.
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Chinese VP to Stockholm for Geely-Volvo deal
National: 27 Mar 10
Chinese Vice President Xi Jinping is due in Stockholm on Saturday for a four-day visit, reinforcing expectations that Chinese carmaker Geely will soon formalise the purchase of Swedish brand Volvo from US Ford.
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Geely closes in on Volvo takeover
Business & Money: 24 Mar 10
Chinese Geely representatives will arrive in Sweden over the weekend to complete the $1.8 billion purchase of Volvo Cars from Ford, on either Sunday or Monday, according to media reports.
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Geely secures Volvo purchase finance
Business & Money: 10 Mar 10
Chinese car maker Zheijiang Geely Holding Group is a step closer to becoming the new owner of Swedish firm Volvo Cars after announcing that it had secured the 15 billion kronor ($2.1 billion) in financing.
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Volvo optimistic as losses mount
Business & Money: 5 Feb 10
Swedish truck maker Volvo says it sees signs of recovery in the global economy as it reports a net loss of 14.7 billion kronor ($1.96 billion) in 2009.
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'Volvo production to remain in Sweden': Geely
Business & Money: 1 Feb 10
Chinese car maker Geely has declared its intention to keep Volvo production in Sweden after completing the purchase of the company from US auto giant Ford, saying that it wants to protect Volvo's brand image.
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Geely to make 300,000 Volvos a year in China
Business & Money: 26 Jan 10
Geely aims to manufacture 300,000 cars a year in China, but intends to keep Volvo’s Swedish operations intact, according to plans the company has presented to Chinese authorities.
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Geely seeks to allay Volvo tech theft fears
Business & Money: 20 Jan 10
As China’s Geely Group prepares to purchase Volvo Cars, suppliers and unions have expressed concerns about unauthorized copying of the Swedish carmaker’s technology.
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Volvo's future with Geely 'bright': Ford head
National: 13 Jan 10
Volvo Cars is set to thrive under new management after Ford completes the sale of its Swedish brand to Chinese automaker Geely, Ford CEO Alan Mulally said Tuesday.
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Expansion plans for Volvo production in China
National: 9 Jan 10
Chinese carmaker Geely, which is poised to acquire Swedish auto brand Volvo from US giant Ford, plans to expand the production of Volvo cars in China, according to media reports.
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Deal to save Saab unlikely: GM head
Business & Money: 7 Jan 10
The CEO of General Motors expressed doubts on Wednesday about the likelihood of a last-minute deal to save Saab Automobile from being shut down.
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Sweden's car sales rev up in December
Business & Money: 4 Jan 10
Swedes showed a renewed zeal for buying new cars in December, with new vehicle registrations shooting up 13 percent compared to the previous year, new statistics show.
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Cross-party support for Volvo deal
National: 23 Dec 09
Enterprise Minster Maud Olofsson was joined by leading Social Democrats on Wednesday in welcoming a deal over the sale of Volvo Cars to China's Geely. But labour group Unionen expressed concern for the future of the Swedish marque.
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China's Geely: from fridge parts to car giant
Business & Money: 23 Dec 09
The Geely group, which US auto giant Ford said Wednesday had agreed to terms for buying its Swedish brand Volvo, began as a refrigerator parts supplier but, in just two decades, has grown into one of China's largest private carmakers.
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Ford confirms Volvo sale agreement
Business & Money: 23 Dec 09
US auto giant Ford confirmed late on Wednesday morning that an agreement has been reached to sell Volvo Cars to Zhejiang Geely Holding.
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Geely expected to close Volvo deal
National: 23 Dec 09
In what has been a tumultuous month for the Swedish auto industry, Chinese carmaker Zhejiang Geely Holding could close a deal with American Ford on Wednesday for the purchase of Volvo cars.
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Former Volvo directors oppose Chinese sale
Business & Money: 12 Dec 09
Chinese automaker Geely is not a suitable owner of Volvo Cars, according to eight former Volvo directors. But Volvo Cars management has dismissed the opposition to the deal as bordering on xenophobia.
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Geely halts trading in wake of Volvo comments
Business & Money: 8 Dec 09
Chinese automaker Geely suspended trading of its Hong Kong-listed shares on Tuesday to clarify statements it made about Volvo Cars the previous day.
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Jakob group 'ready to bid' for Volvo Cars
Business & Money: 7 Dec 09
The Swedish consortium Jakob said on Monday it is ready to buy Volvo Cars if the opportunity arises.
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Crown rolls out new bid for Volvo Cars
Business & Money: 3 Dec 09
The international consortium Crown, which includes former Volvo head Roger Holtback, has submitted a revised offer to buy Volvo Cars.
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Geely secures Volvo financing: report
Business & Money: 27 Nov 09
The prospective buyers of Sweden-based Volvo Cars, Chinese firm Geely, have confirmed that they have secured the necessary financing for the deal.
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Koenigsegg backs out of Saab deal
Business & Money: 24 Nov 09
A group headed by Swedish sports car maker Koenigsegg has broken off negotiations over the purchase of Saab Automobile, the prospective buyer said in a statement.
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New buyer interest to bid in Volvo sale
National: 21 Nov 09
A further two consortiums are set to compete with China’s Geely, the front runner to purchase Volvo Cars from Ford, and are expected to submit offers in the coming week.
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Geely to sell one million Volvos a year: report
Business & Money: 11 Nov 09
China’s Geely, the front runner to purchase Volvo Cars from Ford, wants to build a factory in China to help increase Volvo sales to one million vehicles, according to US media reports.
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Saab suffers US and Swedish sales slump
Business & Money: 4 Nov 09
Saab Automobile sales plummeted in the United States during the month of October, while sales of Volvo showed signs of improvement.
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Losses continue to shrink for Volvo Cars
Business & Money: 2 Nov 09
Volvo Cars posted a much improved third quarter result on Monday, losing only $135 million compared with the $458 million the company lost a year ago.
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Geely faces Volvo image challenge: analysts
Analysis & Opinion: 29 Oct 09
Geely Automobile's confirmed bid for Volvo is evidence of China's growing economic clout, but analysts say the company will face the tough challenge of ensuring the Swedish brand's reputation for safety, writes AFP's Allison Jackson.
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Ford picks China's Geely to bid for Volvo Cars
National: 28 Oct 09
Chinese automaker Geely is the only remaining bidder for the purchase Volvo Cars.
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Truck maker Volvo posts heavy losses
Business & Money: 23 Oct 09
Swedish truck maker Volvo Group has reported a third quarter net loss of 2.92 billion kronor ($429 million), a result that was less severe than analysts had feared.
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Ford 'examining Chinese Volvo bid'
Business & Money: 25 Sep 09
Ford's plans to sell Volvo to Chinese carmaker Geely for $2.5 billion are proceeding, according to reports.
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Geely withdraws reported offer for Volvo
Business & Money: 16 Sep 09
Chinese automaker Geely, which had previously indicated its intentions to own 100 percent of Volvo Cars, has scrapped plans to put together a bid for Ford’s troubled Swedish subsidiary.
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