Volvo reports a significant decrease in its car sales in the US in May - by 29.1% year-over-year to 9,372. It deepens the year-to-date fall to 18.1% (42,151). The Swedish brand is highly affected by supply constraints, which impacts also Volvo plug-in car sales. Anders Gustafsson, Senior Vice President, Volvo Car Americas and President and
The European Commission has set the goal of becoming the world's first carbon-neutral continent and aims to reduce greenhouse gas emissions by at least 55% by 2030 compared to 1990 levels. Based on the current carbon emission of 95 g CO₂/km for passenger cars and 147 g CO₂/km for small commercial vehicles, the carbon emission
Volvo is set to replace its popular XC90 next year with a new model, one that may end up being called the Embla. In an interview with Automotive News (subscription) published over the weekend, Volvo CEO Hakan Samuelsson confirmed a new name would be used for the XC90 replacement, and said it would start with a vowel.
Volvo Cars today reported the best half-year results in terms of sales and operating profit in its 94-year history amid increasing demand for its cars across all regions. The half-year financial report, which can be found here, showed the company achieved a revenue of 141 billion SEK, up 26 per cent, driven by strong
When Volvo launched its latest platform, called Scalable Product Architecture, with the current XC90 SUV back in 2014, it made everything else in Volvo’s lineup feel instantly out of date. Volvo's S60, its compact sedan, was the last in line to get the upgrade, but now its time has come. With the new platform comes
Volvo Group‘s subsidiary Volvo Group Venture Capital announced investment in U.S.-based wireless charging specialist Momentum Dynamics. Volvo didn’t disclose details of the transaction, besides the fact that it “has no significant impact on the Volvo Group’s earnings or financial position”, so we assume it’s just minority stake – important cash injection for Momentum Dynamics and
Volvo company is trying to find a solution to boost V40 sales. The Volvo V40 - small hatchback will likely step aside for a revamped model with slightly more ground clearance. But the evolution goes beyond the current hatchback to something more in tune with a coupe-shaped crossover, though Volvo is reportedly stopping short of
When Volvo launched its latest platform, called Scalable Product Architecture, with the current XC90 SUV back in 2014, it made everything else in Volvo’s lineup feel instantly out of date. Volvo's S60, its compact sedan, was the last in line to get the upgrade, but now its time has come. With the new platform comes growth -- the 2016
Imagine a world in which you travel long distances without the need for airports. A world in which you can avoid airport security, hours of queuing and waiting, and noisy, cramped airliners. What if, instead, you could take your own first-class private cabin that picks you up at home and takes you from door to
Polestar Engineered will be the name for high-performance Volvos going forward, starting with the 60 Series T8 Twin Engine plug-in hybrid cars. Not to be confused with the new Polestar EV brand, Polestar Engineered trim will include new wheels, brakes, suspension and engine control units. That means more power -- the new S60 T8 will go from 400 hp
