Tag: Volvo Cars

By on August 18, 2020

China’s Geely Automobile Holdings reported a first-half net profit drop of 43 percent on Monday, a tumble that forced it to reduce end-of-year targets. As you may have expected, the coronavirus was named as the biggest obstacle it had to overcome, especially in its home country. That left Geely (parent to Volvo, Lotus, Proton, Lynk & Co, Emerald Automotive, London EV and more) revising 2020 volume estimates by 6 percent to 1.32 million vehicles against the 1.36 million deliveries it enjoyed through 2019.

While enduring a bad financial year in 2020 is hardly breaking news for any major automotive manufacturer, Geely is one of many Chinese firms with global aspirations. Its role as Daimler’s second-largest stakeholder and ownership of Volvo Cars (with which it is planning a full merger) arguably makes it the corporation that’s closest to achieving that goal, too. Yet the current economic and geopolitical situation served to undermine its ultimate goal of becoming Asia’s answer to Volkswagen Group.

(Read More…)

By on August 18, 2020

The California Air Resources Board (CARB) made a slew of announcements on Monday regarding what types of vehicles will be allowed within the confines of its borders. These included everything from proclaiming aftermarket parts would be subject to a faster approval (or denial) process in the future, to announcing a joint initiative with 15 other states (most of whom joined CA in opposing the fuel efficiency rollback), to accelerating the implementation of electrified buses and trucks.

It also confirmed that California has finalized binding agreements with several automakers to cut vehicle emissions. BMW, Ford Motor Co., Honda Motor Co., and Volkswagen Group all entered into a voluntary agreement with the Golden State to adhere to Obama-era emission mandates last summer. While this prompted the U.S. Justice Department to launch an antitrust investigation into the deal, no action was taken. CARB said those companies — and some of their friends  made a binding commitment to California this month and will commit to its new emission targets, rather than the revised quotas set by the federal government. (Read More…)

By on August 10, 2020

China’s Zhejiang Geely Holding Group has its fingers in a lot of pies. Having purchased Volvo Cars from Ford a decade ago for $1.8 billion (a fraction of the price the Blue Oval paid), the brand has focused on scooping up troubled brands with global appeal or creating its own. In 2017, Geely purchased majority stakes in Malaysia-based Proton and UK-based Lotus Cars while attempting to turn its own Lynk & Co into a global brand.

Those are supplemental to its cadre of Asia-focused subsidiaries but no less important to its broader aspirations.

Geely has been exceptionally clear that its ultimate goal is to increase its presence around the world while improving its production capabilities. Its latest strategy involves utilizing new platforms developed for Volvo (which was already sharing architecture with Lynk) for vehicles manufactured in Asia under the Proton banner. (Read More…)

By on July 24, 2020

Volvo Cars will be unable to reach its global volume target of 800,000 vehicles this year. Considering everything that has — or hasn’t — happened in 2020, any automaker that ends the period moving more metal than they did in 2019 should probably have a statue erected in front of their headquarters celebrating a major industrial achievement.

Volvo sold 705,452 units the last time our Earth went around the sun, forcing it to face the music when considering goals in what CEO Håkan Samuelsson calls the “corona year.”

(Read More…)

By on July 21, 2020

Is there a U.S. assembly plant that’s not currently producing a utility vehicle that doesn’t need one? Perhaps, but that doesn’t describe Volvo Cars’ Ridgeville, South Carolina facility, which builds the new-for-2019 S60 sedan.

A still-shiny plant situated near Charleston’s busy harbor that only opened a year prior to the S60’s launch, the facility shuttered itself in late March as the coronavirus swept into North America, reopening in early May before going idle again a month later. Volvo Cars’ boss aims to get production underway again soon, but there’s a problem. (Read More…)

By on July 1, 2020

volvo emblem logo grille

To be fair, three-point seat belts didn’t exactly set American consumers on fire back in 1959, but the innovation eventually caught on, becoming the industry’s dominant passive restraint.

Yet even safety features can contain safety defects, which is why Volvo Cars is embarking on its largest recall to date. The (Chinese-owned) Swedish automaker has announced a global callback of 2,183,701 vehicles built over the span of 14 years. (Read More…)

By on April 7, 2020

Polestar has released details of its Precept concept, offering a reminder that this will be the vehicle that informs all future models the company produces. Jointly owned by Volvo Cars and Zhejiang Geely Holding, Polestar has morphed from the Swedish manufacturer’s partner in performance engineering into a separate brand specializing in sporting EVs.

We’ve seen the Precept before, bashing it gently in February for being a handsome sedan with a manufacturer that wasted everyone’s time (and its press release) by prattling on endlessly about green tech and sustainability. While we had hoped Polestar would remedy this in its follow-up teaser, powertrain details remain nonexistent. Considering this is a concept car, that’s not an unforgivable sin, but it’s curious a company supposedly focused on performance engineering has twice failed to discuss that aspect of the vehicle. Instead, we’re offered additional details about the model’s design — including some new photographs — as the brand continues to discuss sustainability and high-tech features.

Just enough to keep us interested. The bare minimum.  (Read More…)

By on March 20, 2020

Volvo is recalling every vehicle sold in the United States from the 2020 and 2019 model year. It turns out the automaker with the reputation for placing extra emphasis on safety has some bunk safety equipment. During tests late last year, the Federation of Danish Motorists noticed the automatic emergency braking (AEB) system in a Volvo XC60 consistently failed to operate as intended — smacking itself into numerous test dummies and automobiles.

After an internal investigation, Volvo Cars issued a global recall encompassing roughly 736,000 units on March 13th. Since the manufacturer has made the feature standard equipment on all vehicles, every single model produced by the automaker since January 21st, 2019 needs to be recalled. (Read More…)

By on March 2, 2020

Volvo’s not whispering in anyone’s ear, but Volvo dealers surely are. That’s how we’ve learned that Volvo Cars plans to insert two new vehicles at the top and near the bottom of its current lineup.

According to dealers, a range-topping XC100 will soon take its place atop the model ladder, with a coupe-like crossover slotted well below. How else is Volvo supposed to keep its sales momentum? (Read More…)

By on February 25, 2020

While many are still under the impression that Chinese automakers will never manage to wrangle the North American automotive market, Geely’s ownership of Volvo Cars and Polestar has already proven them wrong. The Chinese manufacturer purchased Volvo in 2010, with savory bodywork and sumptuous interiors doing much of the heavy lifting with consumers. Performance-focused Polestar wasn’t purchased until a few years later, but the theme remained largely the same — move toward electrification, don’t forget about safety, and try to build the sexiest car possible while maintaining an aura of respectability.

So far, it’s worked rather well. Polestar is now eager to drive that message home via its new Precept concept vehicle. The company claims the car reveals “a vision of the brand’s future direction and a clear expression of intent.” Since we’re fluent in marketing speak, we’re pleased to tell you that sentence is not entirely meaningless.  (Read More…)

By on February 21, 2020

Volvo’s released some attractive cars lately, with the full-size S90 and V90 arguably being the best of the bunch. Not wanting to beach its boat on the perilous shores of bad taste, the manufacturer has issued mild visual updates to both for the 2021 model year. Bumpers have been lowered slightly, with LED fog lamps, a new tail lamp design (V90 only), redesigned spoiler, and sequential turn signals polishing off the updated exterior.

The company also plans to make its 48-volt mild hybrid system standard in more models, though this may only pertain to Europe. Most other changes relate to customization, with Volvo offering new exterior colors (including two-tone options), additional wheel designs from which to choose, and some new interior materials — like wool and fancy “leather-free” upholstery.  (Read More…)

By on February 10, 2020

Volvo Cars, cast off by a struggling Ford and subsequently picked up by an expansionist Geely 10 years ago, might forge closer ties with its Chinese parent. The relationship could become a marriage.

On Monday, Geely said the two companies have begun talks on turning the two entities into a combined automaker. (Read More…)

By on January 24, 2020

Image: Volvo Cars

Volvo’s XC90 midsize crossover is both a tony vehicle and a solid seller, but the push into electrification that began with the crossover’s second generation will be completed in its third.

The automaker has announced that the third-gen XC90, which arrives in 2022, will ditch gas-only powerplants for good. (Read More…)

By on October 7, 2019

2019 Volvo Cars USA full lineup - Image: Volvo

Volvo’s relationship with its Chinese parent is about to grow even closer. The Swedish car maker and its parent company, Geely, proposes to put an end to separate engine development, with engineering teams from both companies tasked with building common powerplants for all marques in Geely’s broad orbit.

For Volvo, the move to a new standalone business for its internal combustion engines would be beneficial, given its plan for the brand’s future. (Read More…)

By on October 2, 2019

Volvo teased the electric version of its XC40 on Wednesday, timing it perfectly with a slow news day. As a result, the new model got quite a bit of media attention.

Unfortunately, there’s not much to say about the crossover. Beyond re-issuing the date for its official debut, Volvo was hesitant to provide details. The company was primarily concerned with explaining the XC40’s design, offering insight on underbody modifications and some sketches showing the electric variant looking quite similar to the standard model.

This forced the press to unilaterally glom onto the automobile’s new frunk in desperation. While the new storage compartment truly is the stuff of dreams (a trunk in the front?!?!), it was also one of the few items the manufacturer provided any information on. At least this will be a relatively short read.  (Read More…)

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