Hakan Samuelsson / Chief Executive Officer / Volvo Cars
Volvo Cars CEO and President Håkan Samuelsson has extended his contract with the carmaker by two years, reports newspaper Dagens Industri. The 64-year-old has had nearly three years in the position. Under his leadership the company has returned to profitability and has been expanding its operations in Sweden, China and the US. It is also in the process of a complete renewal of its product range. Last week Volvo Cars reported an operating profit of 1.66 billion kronor for the first half of 2015.
Samuelsson will be 67 years of age by the time his new contract runs out, according to the newspaper.
Besides Volvo Cars, he has previously worked for Scania, Man and Scandia, in Latin America and across Europe.
He took over at Volvo from German Stefan Jacoby in October 2012.
Volvo Car Group reported a full-year operating profit of 1,919 MSEK for 2013 and will stay in the black and grow sales in 2014, President and CEO Håkan Samuelsson said today. Retail sales are forecast to grow by “a good” 5 per cent in 2014, Samuelsson added.
In 2013, Volvo Cars continued its transformation, increasing retail sales for the year by 1.4 per cent to 427,840 cars. Revenue over the period came in at 122,245 MSEK (124,547 MSEK), while net income amounted to 960 MSEK (-542 MSEK).
“We are delivering on the plan we set out four years ago: focus on profitability, revitalise the brand, reinforce our product strengths and leverage our potential and position in China,” said Samuelsson. “2013 was a year of groundwork for Volvo Cars, successfully preparing the way for the future. This year our total sales are forecast to increase and we will – with the XC90 – reveal the first product of a portfolio that will delight our customers, paving the way for the company’s future growth.”
Looking ahead, sales in 2014 will continue to grow, driven by steady growth in key markets and an improved product offer. In China, Volvo Cars will build on a strong sales performance in 2013, when sales rose 45.6 per cent to 61,146 cars. New models like the S60L and the sales start of the V40 Cross Country as well as a further expansion of the dealer network will support Volvo Cars’ continued growth.
In the US, Volvo Cars now has an improved customer offer with a line of fully refreshed S60, XC60, XC70 and S80 models, the sales start of the V60 sports wagon and the roll-out of the highly efficient Drive-E powertrains. Market circumstances in Europe are expected to remain challenging, but Volvo Cars aims to retain its market share in the region.
Martin Lundstedt / Chief Executive Officer / Volvo Group
22 April 2015 at 10:15am
By: Niklas Magnusson and Elisabeth Behrmann
Stockholm - Volvo AB, under shareholder pressure to boost profit margins, replaced Olof Persson as chief executive officer with Martin Lundstedt, the top executive at rival truckmaker Scania AB.
Jan Gurander, Volvo’s chief financial officer, will serve as president and CEO in the interim until Lundstedt assumes the position in October, the Gothenburg, Sweden-based company said in a statement on Wednesday. Volvo shares surged the most in more than six years.
The sudden change in leadership follows efforts by Volvo shareholder Cevian Capital AB to lobby the truckmaker to streamline operations and boost margins. Volvo is intensifying a push for growth and increased profitability, as the world’s second-largest maker of commercial vehicles faces increased competition from Volkswagen AG, which bought Scania and Germany’s MAN SE in recent years. Persson led the truckmaker for almost four years.
“After three years of focus on product renewal, internal efficiency and restructuring, the Volvo group is gradually entering a new phase,” Volvo Chairman Carl-Henric Svanberg said in the statement.
Volvo’s shares soared as much as 16 percent, the biggest jump since February 2009, and were up 13 percent to 114.70 kronor at 9.13am in Stockholm. That pushed the stock’s gain for the year to 36 percent, valuing the manufacturer at 244 billion kronor ($28 billion).
Volvo also reported Wednesday that operating profit, excluding restructuring charges and a gain from the sale of shares in Eicher Motors Ltd., was 4.6 billion kronor in the first quarter. That boosted the margin to 6.1 percent from 3.9 percent. Including those items, operating profit was 7.07 billion kronor.
Net sales in the first quarter rose 14 percent to 74.8 billion kronor. Truck orders rose by 3 percent in the period, while construction equipment orders dropped 24 percent. The company posted a surprise fourth-quarter loss last year, partly due to a 30-percent plunge in construction-equipment deliveries, citing “weakness” in emerging markets.
Lundstedt has spent his career at Soedertaelje, Sweden-based Scania. He has been president and CEO of Scania since 2012 and now reports to Andreas Renschler, the former head of Daimler AG’s trucks division, the biggest in the world. Renschler joined Volkswagen this year to push integration between Scania, MAN and VW’s own commercial-vehicles business.
After Persson refocused Volvo on its truck and heavy-equipment divisions, including renewing models and expanding in China, “the Volvo group is considerably better positioned to compete for leadership in our industry”, Svanberg said.
* With assistance from Terje Langeland in Tokyo
News / Volvo
Volvo reports record sales in 2015 after the company sold 503,127 vehicles worldwide, breaking the half a million cars mark for the first time in its history .
The automaker reported strong sales from all its important markets. The global figures increased rapidly in the later stages of 2015 mostly thanks to the launch of the new XC90 SUV.
In the previous year, sales in Europe rose 10.6 percent, to 269,249 cars, representing 53.5 percent of the global volume. While in the U.S sales increased by 24.3 percent, in China, due to the environmental problems the country faces, sales increased only by 11.4 perfect in the fourth quarter.
With the new S90 premium sedan being revealed to the public at the North American International Auto Show in Detroit, in just four years, the company will have renewed its entire model range.
Hakan Samuelsson, president and CEO of Volvo Cars stated that “I am delighted to report that 2015 was a year of record sales. Now with a successful 2015 behind us, Volvo is about to enter the second phase of its global transformation. Once completed, Volvo will have ceased being a minor automotive player and taken its position as a truly global premium car company. More records will tumble in coming years.”
Volvo’s future plans are to reposition its brand and to become a major rival in the automotive market. First of all, the company will continue to revive its operations in the U.S. and develop its manufacturing footprint. Second of all, Volvo will pursue its growth in China, double its market share in Europe and increase its sales globally to 800,000 cars.
In the final phase, the Swedish company plans to introduce an entirely new model range that will help the carmaker to maintain its position as the leader in car safety and autonomous drive technologies.
In the coming years, Volvo’s 90 and 60 series will be built on its Scalable Product Architecture and the company will also implement a global small-car strategy by introducing the quality and technical sophistication to smaller cars on its Compact Modular Architecture.
The automaker will also make progress in the global hybrid market with a series of four- and three-cylinder hybrid engines and develop an all-electric car for the first time.
Volvo has been in operation since 1927. Today, Volvo Cars is one of the most well-known and respected car brands in the world with sales of 503,127 in 2015 in about 100 countries.
Volvo Cars has been under the ownership of the Zhejiang Geely Holding (Geely Holding) of China since 2010.
It formed part of the Swedish Volvo Group until 1999, when the company was bought by Ford Motor Company of the US. In 2010, Volvo Cars was acquired by Geely Holding. As of December 2014, Volvo Cars had over 26,000
employees worldwide. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden
. Volvo Cars head office for China is located in Shanghai. The company's main car production plants are
located in Gothenburg (Sweden), Ghent (Belgium) and Chengdu (China), while engines are manufactured in Skovde (Sweden) and
Zhangjiakou (China) and body components in Olofstrom (Sweden).
2014 Volvo S80 T5 / Exterior and Interior / Classic / Black Lacquer / Professional Body & Chassis. My father also once drove a S80 in green color and creme colored interior.
Great Car. Volvo itself is a great establishment belonging to automobile manufacture. It''s the globally world leading car-producer as far as luxurious automobiles which does
also look brillant and posh. The chassis is aligned and at good constitution.
Volvo Cars North America,LLC
Volvo Cars of North America, LLC (VCNA), based in Rockleigh / NJ / 07647 ., is a subsidiary of the Volvo Car Corporation of Goteborg, Sweden. VCNA provides marketing, sales, parts, service, technology and training support to Volvo automobile retailers in the United States, and oversees Volvo operations in Canada, Mexico and Puerto Rico. Volvo has been building cars with safety in mind for 80 years.
Former Chief Executive Officer 2011-2015 Volvo Cars of North America, LLC / John Maloney /
The most Dollar profitable expert as far as automobile sales
So in the time John Maloney was at office, he was doing really privileged business
And was the perfect CEO for Volvo Cars North America, LLC
Volvo Cars of North America, LLC / Lex Kerssemakers
Mr. Lex Kerssemakers has been the Chief Executive and President of Volvo Cars of North America since January 2015. Mr. Kerssemakers has been Senior Vice President of Americas at Volvo Cars of North America, LLC since January 2015. Mr. Kerssemakers served as Senior Vice President for Product Strategy & Vehicle Line MANAGEMENT at Volvo Cars of North America, LLC. He served as Senior Vice-President of The Americas Region at AB Volvo since January 2015. He has been the Chief Executive Officer of North America Unit at Volvo Car Corporation since January 21, 2015. He served as Senior Vice President of Product Strategy & Vehicle Line Management at Volvo Car Corporation and Volvo Car UK Limited. Mr. Kerssemakers serves as Senior Vice President of Brand, Business & Product Strategy at Volvo Cars of North America, LLC. He has 25 years of experience from key positions within Volvo Cars, giving him a deep understanding and knowledge about the product planning process. Mr. Kerssemakers served as the Head of Product Strategy & Vehicle Line Management at Volvo Car Corporation since January 1, 2011 and its Senior Vice President of Product Strategy and Vehicle.Kerssemakers has worked in the auto industry for over 30 years and has held senior positions at Volvo for the past 16 years. His most recent role was head of product strategy and vehicle line management. "I am looking forward to this challenge," Kerssemakers said in a statement. "The U.S. is a key market for the development of the group and today we get back onto the front foot.”
Volvo has decided to join the ranks of automakers with offices in Silicon Valley.
The Swedish car company is in the process of opening a research center in Mountain View, Lex Kerssemakers, CEO of Volvo’s U.S. division, said in an interview. The company is hiring some 70 engineers for the office, he said.
“We’re moving in as we speak,” he said.
Volvo, which is owned by Chinese automaker Geely but operates largely independently, has had an office in Camarillo for about 30 years that focused on car design, Kerssemakers said. Within the last three to four years, engineers based in that office also started to work on car infotainment systems, he said. Those engineers frequently have been traveling to the Bay Area to collaborate with tech firms here.
Among those was Apple. Volvo engineers worked closely with the iPhone maker to integrate CarPlay into a new infotainment system in its XC90 sport utility vehicle, Kerssemakers said. That experience, plus a recently announced joint venture agreement with Uber to develop self-driving cars, convinced Volvo to set up shop in the Bay Area. The new office “is literally based on the success we’ve had in the last two or three years working together with companies here in the Bay Area,” he said.
Engineers in the new center will focus on electric car technology, infotainment systems and autonomous vehicle research, he said.
Volvo is the latest car company to open a research center in Silicon Valley. General Motors, Volkswagen, BMW and others have operated in the area for years. Ford was a latecomer when it opened up a small office in 2012, but it later grew that presence to more than 100 people.
A large and growing proportion of a car’s value is tied up in the software that underlies its various systems, said Brian Brennan, a senior vice president of Silicon Valley Leadership Group, a trade organization for the area. Meanwhile, autonomous vehicles are considered to be the cars of the future, and Silicon Valley is ground zero for both the software industry and autonomous vehicle research, he said.
The automakers realize that by opening offices in the Bay Area and tapping into the research and development already going on here, they “get a little closer to controlling their destinies,” Brennan said. “This is where the artificial intelligence and the software is being generated.”
Volvo’s Mountain View office will join its research centers in Shanghai and Gothenburg, Sweden. The Mountain View office will take the lead on electric car and infotainment research.
But which research office will focus on specific research areas will vary from project to project, Kerssemakers said. For example, Volvo already has an ongoing autonomous vehicle research project in the works in Gothenburg.
The Volvo XC90 / 2016 / North American Truck of the Year
Fifty-three automotive journalists from the United States and Canada voted for the luxury SUV for being a benchmark in its segment, based on factors including innovation, comfort, design, safety, handling, driver satisfaction and value for the dollar."We are absolutely thrilled that the XC90 has won this prestigious and most respected award," said Lex Kerssemakers, Presidentand CEO of Volvo Car USA, "and there is a lot more to come.
By 2019 Volvo will have a totally renewed product portfolio. By then the all-new XC90 will be the oldest car in the showroom."It is the second time the XC90 has won the North American Truck of the Year award. The first was in 2003, when the vehicle was originally introduced.
"The XC90 is a past winner of our award," said Tony Swan, a 23-year member of the North American Car and Truck of the Year Jury. "That vehicle was obviously outstanding, but the new XC90's blend of advanced technology, performance and craftsmanship stands out even more, against much more sophisticated competition."
The Volvo XC90 features all new platform, powertrain and semi-autonomous driving technologies that set a new standard for the luxury SUV segment. It is available in five or seven-passenger, front or all-wheel-drive
configurations with powerful and efficient 250- or 316-horsepower turbocharged and dual-charged engines that can deliver up to an EPA rated 25 MPG. The XC90 is also be available with a 400-horsepower, 53 MPGe hybrid electric powertrain, making it the world's first seven passenger Plug-in Hybrid Electric Vehicle (PHEV).
All XC90s feature Volvo's award-winning Sensus infotainment system, which centers on an intuitive, tablet-like touch screen that puts all of the vehicle's systems and functions at the driver's fingertips. Volvo City Safety, which
includes Pedestrian Detection with Automatic Emergency Braking, automatically applies the brakes should a collision be imminent, is also standard. The available Pilot Assist semi-autonomous driving system will control vehicle speed and direction at speeds up to 30 MPH. Prices start at $43,900.
About the North American Car and Truck of the Year awards
The North American Car and Truck of the Year awards – now in their 23rd year – are unique in the United States because instead of being given by a single media outlet they are awarded by an independent group of automotive journalists from the United States andCanada who represent magazines, television, radio, newspapers and web sites.
GM, Volvo Place Bet on Made-in-China Vehicles / Article from December 2016 / Volvo Cars North America, LLC / Constructive & Exponential / U.S
The “Made in China” label has come to suggest products of inferior quality: cheap, disposable items that don’t last.
Over the years, Chinese factories and assembly lines have expanded their American exports from clothing and toys to more advanced electronics, such as personal computers and televisions. This year, Americans will be greeted by the first batch of Chinese-made cars.
While Chinese automakers have attempted to export China-branded vehicles to the United States in the past, those ideas never ventured beyond the boardroom. Businessman Malcolm Bricklin, who famously brought Subaru and Yugo cars to the United States, tried but failed to import Chinese Chery vehicles in the mid-2000s.
That’s about to change in 2016. China-owned, Sweden-based Volvo Car Corporation and Detroit-based General Motors Co. both plan to import cars made in China later this year.
Cars from China
Zhejiang Geely Holding Group Co. purchased a struggling Volvo from Ford Motor Co. in 2010 for $1.5 billion. It was the biggest acquisition of an automaker by a Chinese company.
Volvo will begin importing the S60 Inscription luxury sedan from China around summer 2016. The sedans will be produced by Volvo at its factory in Chengdu, capital of Sichuan Province, which began production of Volvos in 2013. Volume is expected to be low, around 1,500 in 2016, but will ramp up in future years.
The S60 Inscription will be marketed with a starting price of around $40,000. The variant imported from China is a long-wheelbase version of the S60 sedan, providing additional leg room for rear-seat passengers.
General Motors, the Detroit staple and America’s No. 1 automaker, plans to import the Buick Envision crossover SUV from China early this year.
GM doesn’t expect to import a large quantity at the beginning—between 30,000 and 40,000—a year, according to a Wall Street Journal report. The automaker also announced that it would import the plug-in-hybrid version of Cadillac’s new CT6 flagship from China to the United States.
Buick is GM’s most successful brand in China, and the company will use sales of Envision, which sits in the ever-popular crossover SUV segment, as a gauge for demand of Chinese-made cars.
The S60, CT6, and Envision will not be the first all-Chinese-made cars sold in North America by a major automaker. In 2012, Honda Motor Company began quietly importing Chinese-made subcompact Fit cars to Canada. Honda shifted production of the Fit from Japan to China to improve margins and avoid a strengthening yen currency.
Slice of American Pie
Chinese import volume will be small for 2016 and should barely register in the minds of consumers. And these imports are from brands already well-established in the United States.
However, the decisions by GM and Volvo mark the beginning of a strategic shift for global automakers, and they represent an experiment that will be closely watched by other auto companies. Many of them are considering a similar move.
If sales go well—and they are expected to, given recent performance of the auto market—it could eventually pave the way for Chinese brands to expand more broadly in North America.
Fifty years ago, major brands such as Toyota, Honda, and Nissan were foreign to U.S. consumers. Small economy cars from Japan became popular after the oil crisis during the 1970s. A decade or two later, South Korea entered the U.S. market with Hyundai and Kia, which were initially plagued by quality and reliability problems. Those problems and the residual reputation impact took a few decades to resolve, but today Hyundai and Kia are well-entrenched brands in America.
Major Chinese national automakers like Great Wall Motor and Geely have a distinct advantage compared to the Asian automakers of yore. The Chinese Communist Party forces foreign automakers wishing to sell in China to form strategic joint ventures with local Chinese partners, which include technology transfers.
Today, Chinese automakers sell cars to South Asia, Africa, and the Middle East. So far, developed markets such as North America and Western Europe are barely touched by the Chinese.
While GM and Volvo have both committed to keeping the majority of production in their home countries, the industry will eventually see a slow but gradual shift in production to China.
In the long term, growth in demand for vehicles will come from emerging markets. Major U.S. and European automakers have already set up production in those markets such as Asia and the Middle East to meet such demand.
Unlike the sudden shift of entire production lines from the United States to Asia seen in the apparel and small-scale manufacturing sectors, any job shift in the automotive sector is likely to be a slow and gradual process. As global economic growth slows and the demand for vehicles dampens, production will likely be cut—albeit slowly—in the higher-cost markets first, while assembly plants in lower-cost markets such as Asia keep up their production.
Shades of this economic shift could be seen in GM’s decision to import the Buick Envision. Long among the top foreign automakers in China by volume, GM has generally allocated almost all of its local production to meeting China’s voracious demand for cars.
While China’s auto sales reached a high in 2015, growth has slowed in recent quarters and is expected to slow further in 2016. GM, for instance, saw sales growth of 5.2 percent in December year-over-year, down from 12 percent growth in December 2014. Other automakers reported similar trends, with Toyota down from 12 percent in December 2014 to 8.7 percent in December 2015, and Ford down from 19 percent to 3 percent during the same periods.
And as independent analysts believe China’s economic growth will slow significantly in 2016, it appears automakers are already looking for ways to export such excess capacity to foreign markets—10,000 cars at a time.
Ontario hauler first Canadian fleet to get 2017 Volvo engines
Ontario-based hauler Purolator was the first Canadian carrier to take delivery of Volvo Trucks North America’s new 2017 engine-equipped trucks.
The integrated freight and logistics solutions provider took on 19 D13-powered Volvo VNL 300 models that feature a host of new technologies and improvements.
Of Purolator’s approximately 460 power units, more than half are Volvo models. Purolator is headquartered in Mississauga, Ontario, with more than 170 operations facilities, 124 shipping centers and 900 authorized shipping agent locations across Canada.
The 2017 D13 received a number of updates for 2017 to improve efficiency by up to 2.5 percent compared to the previous D13, Volvo says. A patented wave piston design helps maximize fuel efficiency by improving flame propagation, while a proven common-rail fuel system enables finer control of the fuel injection, allowing for faster, more accurate injection.
The D13 also features an updated EGR flow sensor with a new double-wall casing, helping reduce condensation and soot buildup in cold weather, while an improved aftertreatment dosing module has been integrated into the fuel filter housing for easier serviceability. Upgrades were also made to the two-speed coolant pump, helping to reduce parasitic losses.
Purolator’s new Volvo models are also equipped with Volvo’s latest 12-speed I-Shift automated manual transmission, a key component of Volvo’s integrated powertrain. The updated I-Shift models received improved hardware for increased durability, as well as an upgraded countershaft for faster shifting and improved performance.
The Volvo I-Shift is equipped with sensors to identify factors such as load, road grade and more, enabling the transmission to ensure the truck is in the right gear for the conditions. Without a traditional clutch pedal to operate, the I-Shift helps improve driver attraction and retention by reducing fatigue during the work day.