Tag: Volvo

By on July 21, 2021

volvo emblem logo grille

Volvo Cars is plotting to buy out parent company Zhejiang Geely Holding and free itself of its Chinese joint venture. The Swedish (currently Swedish-Chinese) manufacturer has been hinting at the prospect of going public with an IPO, which most analysts believe would be bolstered by creating some distance from Geely.

While the Chinese Communist Party has ended mandates requiring electric vehicle firms from entering into joint ventures with established domestic businesses, the rule still exists for traditional automakers. However, the general assumption is that most will attempt to regain full ownership of their Chinese assets when the law is lifted next year. But critics are cautioning that the nation is under no obligation to maintain any commitment to foreign entities once they’ve split with their local partners.  (Read More…)

By on June 18, 2021

Long before the S90 moniker was applied to a Chinese-produced front-drive car, it was (for a short while) the last chapter in a series of luxurious rear-drive Volvo sedans. What we have here is a last-of moment for Volvo, and a very rare one at that.

Presenting the S90 Royal Hermès.

(Read More…)

By on June 16, 2021

Volvo-owned Polestar has announced that its upcoming “performance SUV” will be manufactured within the United States, starting late in 2022. The model will be assembled alongside other Volvo products at the Swedish company’s facility in South Carolina. It also provides an opportunity for Chinese parent Zhejiang Geely Holdings to make meaningful moves on the North American marketplace and less ammunition for critics to reference the EV-focused Polestar as a foreign brand.

“Polestar 3 will be built in America, for our American customers,” said Polestar CEO Thomas Ingenlath. “I remember the great response when I first shared Polestar’s vision here in the USA and I am proud that our first SUV will be manufactured in South Carolina. From now on, the USA is no longer an export market but a home market.” (Read More…)

By on March 8, 2021

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Last week, we discussed Volvo Cars’ plan to transition to an online sales model as a larger quotient of its product becomes electrically driven. As luck would have it, the concept hasn’t been a runaway success with auto retailers. Vehicles becoming increasingly digitized, combined with the unparalleled consumer access offered by the internet, has made numerous manufacturers wonder why the dealership role couldn’t be diminished. After all, Tesla has done alright without a traditional sales network.

But Tesla didn’t have a gross of existing showrooms ready to make a fuss. Volvo has nearly 300 and dealerships are reportedly voicing their concerns as the manufacturer does what it can to assuage fears about the possibility of their being put out of businesses in the coming years.

(Read More…)

By on March 2, 2021

There was a time when practically any automaker could earn a few brownie points by proclaiming that they too would be transitioning toward becoming an electric-only manufacturer by [insert year here]. But times have changed and EVs have been around long enough for consumers to expect more than a promise that there would someday be more of them. There’s also a sense that regulations (stemming largely from Europe and China) are forcing the issue to a point where practically all automakers will eventually have to totally seize electrification or be forced to hand over vast amounts of money to governments or their chief rivals as a way to “offset” carbon emissions — making corporate promises far less impressive than they otherwise could have been.

Volvo, which was at the forefront of novel combustion powertrain solutions a few years ago, has since committed itself toward wholly embracing electrification under the tutelage of Geely Automotive. The Swedish-Chinese brand has made repeated announcements suggesting just how important EVs are for its future. On Tuesday, the company announced that it had officially committed itself to going fully electric by 2030 and showcased a new model while also vowing to make future sales online only.  (Read More…)

By on February 27, 2021

volvo emblem logo grille

Despite having already having Volvo Cars as one of its many subsidiaries, China’s Geely signaled roughly a year ago that it wanted to merge with the brand as part of its strategy to expand globally. Plans changed on this week when the company announced that the duo will be retaining their independent corporate structures, though they will continue working on a joint development program for electric vehicles.

This means more backing for the Lynk & Co. brand, a technology-focused joint venture Geely launched with Volvo in 2016. Lynk is hoping to bridge the gap between traditional vehicle sales and subscription-based models, while also pioneering telematics and other connected services that look like an invasion of privacy to some and a technological breakthrough to others. Regardless, the industry as a whole seems convinced this represents the evolution of the automobile and a stable source of revenue for companies capable of monetizing large amounts of data — often with the help of the world’s largest technology firms.  (Read More…)

By on December 2, 2020

Volvo Cars’ chief executive, Håkan Samuelsson, believes a ban on gasoline-driven vehicles would be a more effective way to force groups to go electric than continuing to offer subsidies on battery-powered automobiles. The announcement comes as part of the Financial Times’ “Future of the Car Summit,” where Samuelsson will proclaim the internal combustion engine “a technology of the past.”

In related news, Volvo Cars is also in negotiations to merge with China’s Geely Automotive and has renewed its commitment toward becoming an electric-only brand by 2030. The latter issue will also be brought up during Wednesday’s Car Summit, with the CEO praising the United Kingdom’s promise to eliminate the sale of new gasoline and diesel cars that same year.

What miraculously convenient timing.

(Read More…)

By on October 21, 2020

Making good on its promise that the future will be electric, Volvo has readied the XC40 Recharge P8 compact crossover for a spring debut. Though it doesn’t seem to have secured an idyllic price tag. The electrified XC40 starts at $54,985, including a $995 destination fee, which makes it around $20,000 dearer than the gasoline model. That’s a lot of dough for such a small vehicle, even after federal (and potentially state) tax incentives shave a few thousand off the top. Surely customers will be getting a top-shelf automobile on par with the Tesla Model 3 Performance, if not better, to help that MSRP make some sense. But the math just isn’t working out in Volvo’s favor based on the specs given. Model 3 destroys it in every metric that isn’t headroom because it is not a crossover.

While the XC40 Recharge comes in below its larger European counterparts on price, and often by a fairly narrow margin, its maximum range is an EPA-estimated 208 miles. That places it within striking distance of the bigger electrics manufactured by Audi or Jaguar. But Tesla will happily sell customers a Model Y boasting 326 miles of range for about $10,000 less than the XC40. The only downside is that the American brand’s sales success has already exhausted its allotted federal tax credits, meaning you’ll get more money from the government if you buy something Swedish-Chinese.

(Read More…)

By on October 5, 2020

1989 Volvo 780 Bertone in Colorado junkyard, RH front view - ©2020 Murilee Martin - The Truth About CarsI’ve documented quite a few discarded Volvos in this series, from the PV544 through the S60, and I never fail to stop and photograph a genuine Italo-Swedish Volvo Bertone Coupe. Here’s the latest, a 1989 780 in a Denver car graveyard over the summer. (Read More…)

By on August 3, 2020

2005 Volvo S60 in Colorado junkyard, RH front view - ©2020 Murilee Martin - The Truth About CarsI’ve documented 60 discarded Volvos since I started my junkyard history project, but 58 of those Swedes were born in the 20th century, and 44 of those rolled off the assembly line before 1990. Just as I’ve done with BMWs in recent years, I’m going to try to document some of Göteborg’s (and maybe Hangzhou’s) newer products in my favorite kind of car museum.

Here’s a Ghent-built S60 with a super-rare three-pedal setup, found in a Denver self-service yard. (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 May 6, 2020

hyundai

At this point, only Ford has yet to deliver a firm restart date for its U.S. assembly plants, with Detroit rivals Fiat Chrysler and General Motors pegging May 18th for a cautious ramp-up of manufacturing activities.

Elsewhere, things are getting back to normal — or as close to normal as one is allowed these days. Amid new health protocol and a weak supply chain, Hyundai and Kia flipped on the switch this week, joining a handful of other foreign brands that have already restarted production in the U.S. South. (Read More…)

By on April 2, 2020

Today’s Rare Ride is from a time when a few of the sensible people at the Volvo Boxy Car Company created a special, sporty version of their mainstream model. From long ago and now largely forgotten, it’s the 1979 Volvo 242 GT.

(Read More…)

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