Volvo announced today that current board member Håkan Samuelsson will take over as president and CEO, effective immediately. Samuelsson replaces Stefan Jacoby, who was on sick leave following a mild stroke suffered last month. Jacoby, who was set to return later this month, has been running Volvo since its acquisition from Ford by Chinese firm Geely two years ago. It is said that Jacoby will leave Volvo, following an amicable agreement with its board of directors. Samuelsson brings more than 35 years of experience from the automotive industry, with his most recent top post being the...
Volvo Considering MINI Rival
Volvo’s entry-level C30 has been in production since 2006 and will soon be in need of renewal. Though the Swedish automaker has just unveiled a five-door version dubbed the V40, this model essentially relies on the same technology as the older C30 and is currently not offered in the U.S...Viknesh Vijayenthiran
Volvo Concept Universe Previews Next-Gen S80 Sedan: 2011 Shanghai Auto Show
Volvo’s new owner Geely is keen to reposition the Swedish automaker as a ‘Tier 1’ luxury brand able to compete with the likes of BMW and Mercedes-Benz, though such a task is much easier said than done. Acura is one such company that’s often stated reaching Tier 1 status as...Viknesh Vijayenthiran
Your Next Volvo May Be Built In China
Volvo last week announced plans to build a new plant in Chengdu, China along with laying out its strategy for the Chinese market. As you may recall, Volvo is now owned by Chinese auto giant Geely and going into the future we’re almost certain to see the world’s most populace country...Viknesh Vijayenthiran
Report: Volvo XC30 Crossover Due In 2013
With cars like the BMW X1, upcoming Audi Q3 and a planned Mercedes-Benz BLK compact crossover based on the next-generation B-Class, Europe’s luxury marques are starting to venture into territory normally dominated by South Korean and Japanese automakers. It would seem then that there's no...Viknesh Vijayenthiran
Volvo Rules Out Launching Flagship To Take On 7-Series And S-Class
We’ve heard it all before but rarely have we seen it executed successfully; mid-tier luxury brands attempting to move upmarket and compete with tier 1 brands such as Mercedes-Benz and BMW. Acura is one such company that has often stated reaching tier 1 status as its primary goal but has still...Viknesh Vijayenthiran
When Volvo first unveiled its C30 hatch back in 2006 many questioned the automaker’s decision to ignore launching a more practical five-door model and instead offer it exclusively as a sporty three-door. As we all know Volvo’s finances quickly degraded shortly after that and launching a highly niche product like the C30 in today’s automotive market is simply too risky, especially with cautious new owner Geely pulling all the strings. That’s why, according to latest reports, the next-generation of the Volvo C30 will spawn what the automaker’s new CEO, Stefan...