Volvo Cars Archives

Geely officially aquires 49.9% stake in Proton

DRB-HICOM Berhad has officially signed an agreement with China’s Zhejiang Geely Holding Group (ZGH) for the latter to take 49.9% equity in Proton Holdings Berhad. At the same time, it also sold its stake in Lotus Advance Technology Sdn Bhd to ZGH and Etika Automotive Sdn Bhd.

The signing was presided over by Prime Minister YAB Dato’ Sri Mohd Najib Tun Abdul Razak, along with DRB-HICOM Chairman, Brig. Gen. (K) Tan Sri Dato’ Sri Haji Mohd Khamil Jamil and ZGH Chairman, Li Shufu. DRB-HICOM Group Managing Director, Dato’ Sri Syed Faisal Albar signed on behalf of the Group while An Conghui, President and CEO of Geely Auto Group did the honours for ZGH.

Speaking of the signing, DRB-HICOM Group Managing Director, Dato’ Sri Syed Faisal Albar, said, “ZGH, which also owns Sweden’s Volvo Cars, The London Taxi Company and the Geely car brand, is the right partner for PROTON. Their success with Volvo and The London Taxi Company, and of course their own Geely marque shows their capability both as a bona-fide carmaker and as a partner. With ZGH on board, PROTON can now eye the huge ASEAN passenger car market with renewed confidence.”

Geely, has big plans for Proton because it plans to make the national automaker its ASEAN manufacturing hub for right-hand-drive cars. This will allow Proton access to areas it found difficult to penetrate before as well as enable it to have a better investment for R&D purposes.

Geely is also the parent company of Volvo, which it acquired in 2010 much to the surprise of many. After a significant investment in the ailing automaker’s business, Geely helped turn the Swedish marque’s fortunes around. In 2016, Volvo recorded an operating profit of $1.25 billion (RM5.36 billion), the highest it has ever since it first started operating in 1927.

Despite the Chinese automaker’s significant stake in Proton, DRB-HICOM is still the majority shareholder and is confident that Proton’s future as a national automaker is secure and that we can expect things to improve further with Geely’s help.
Whether Volvo’s success rubs off on Proton remains to be seen, but we hope that platform and technology sharing does take place, which will enable Proton to offer its next generation of vehicles with Volvo engineered technology.

Geely tasks Polestar with churning out electric sports cars

Changes are a foot at Volvo, according to an article on Auto Express. Apparently, Volvo’s parent company, Geely, wants Polestar (Volvo’s performance arm), to build electric sports cars. It has plans to rival the might and appeal that Volkswagen has enjoyed these past few years.

The article states that Geely wants Polestar to take on a sportier role, sort of what AMG is to Mercedes-Benz. It also wants Polestar to be the face of its Motorsports arm, fielding championship winning vehicles that bear the Volvo name.

Volvo’s SPA (Scalable Product Architecture) and CMA (Compact Modular Architecture) will probably be the platfroms used as the base for the development of these upcoming performance vehicles. That said, we might not have to wait too long for these vehicles to be launch, because word has it that the first of them should hit showroom floors later this year.

The SPA platform underpins the current XC60, XC90, V90 and S90 vehicles with more to follow. And for a while now, the Swedish automaker has been very vocal about producing more and more vehicles with some form of electrification in its propulsion system with the use of the SPA and CMA platforms. And as such, the latest task that has been handed to Polestar, falls in line with Volvo’s current business plan, only Polestar’s creations will be more powerful versions.

Geely acquired Volvo from Ford Motor Company in 2010 for $1.8 billion (RM7.68 billion), a lot less than the latter paid for it in 1999. Since the acquisition, the Swedish marque seems to be flourishing especially in Asia, where the brand has seen in an increase in demand for Volvo branded vehicles.

Source: Auto Express

Volvo broke Nurburgring lap record in 2016 but didn’t tell anyone!

Bragging rights at the Nurburgring is very important to many manufacturers. A hot lap around the Green Hell is the default standard used to gauge a performance car’s worth. Forget top speeds and 0-100km/h times, their significance pales in comparison to how fast a particular car can get around the insanely tricky and dangerous German track.

When an automaker one-ups the competition, it makes sure the whole world knows about it. It will publish an elaborate press release that is supplemented by a few videos to jack up the hype further. This is considered the norm these days, which is why its rather puzzling why Volvo, decided to do the exact opposite.

After the completion of the World Touring Car Championship (WTCC) at the Nurburgring, in typical fashion automakers pack up and head home. Volvo on the other hand, chose to stay on to do more research and development. It decided to put several of its race and road cars on the legendary course and push them to their limits to see how fast they would actually go.

The road going S60 Polestar managed to blitz the previous lap record to become the fastest four door production car to lap the infamous Nurburgring. After doing so, Volvo decided to keep the information to itself. Opting instead to make relevant changes to the racing and road cars from what was learnt on that day. The Swedish automaker hopes that, by deciding to keep mum about last year’s accomplishment, it might have a formidable advantage on track in this year’s WTCC.

Check out the video to understand what really happened behind the scenes in 2016 that led to Volvo’s best achievement on the most important proving ground.

Source: carthottle

New Volvo XC60 rolls off production line in Sweden

Volvo’s XC60 has just started rolling off the production line at the company’s plant in Torslanda, Sweden. It was the T5 AWD Inscription (in Crystal White) that was the first variant to come off the line.

The new vehicle replaces the original XC60, which has been produced for nine years since its launch and has gone on to become the best-selling premium mid-sized SUV in Europe and allowing Volvo to sell nearly a million of them globally. Due to its popularity, the XC60 accounts for 30 per cent of Volvo’s sales worldwide.

“This is a proud day for everyone at the plant,” said Magnus Nilsson, vice president of the Torslanda plant. “We have worked hard in recent weeks and months to prepare Torslanda for this latest new Volvo model, and now we are ready to start delivering new XC60s to customers.”

Unlike its predecessor, the new vehicle is built on Volvo’s SPA (Scaleable Product Architecture) which already underpins three other models in the company’s current line up inclduing the 90 series cars. The SPA platform has improved overall efficiency and has had a positive effect on employment at Volvo, with thousands of new jobs being created in production, research and development, and other areas.

Like the rest of the line-up, The XC60 features cutting edge safety tech which include Steer Assist, City Safety, Oncoming Lane Mitigation which help avoid head-on collisions and Blind Spot Information System (BLIS) that works with Steer Assist to reduce the risk of lane-changing collisions.

Apart from that, there’s also Pilot Assist, which is available as an option. It’s a semi-autonomous driver-assistance system, that takes over the tasks of steering, acceleration and braking on well-marked roads at speeds of up to 130km/h.

Inside, the cabin features a CleanZone four-zone climate control system that removes harmful pollutants and particles that enters the cabin. The XC60 is available with a T8 Twin Engine petrol plug-in hybrid that delivers 407bhp and allows it to sprint to 100km/h from a standstil in just 5.3 seconds.

Volvo has also fitted an infotainment system that comes with connected services such as Sensus and Volvo on Call. It also offers smartphone integration with Android Auto and Apple CarPlay.
The Volvo XC60 will be made available in markets across the world gradually as the automaker aims to make 2017 another record-breaking year.

Volvo to build first electric car in China

At the Shanghai Motorshow, Volvo announced that it will be building its first all-electric vehicle in China. It will be based on the automaker’s Compact Modular Architecture (CMA), which is catered to smaller cars. The car is slated for release sometime in 2019 and will be exported to countries around the world.

Volvo’s decision to produce its new electric vehicle is China indicates that the automaker’s intentions to capitalize on the countries hunger for electric vehicles and those of neighboring countries. Volvo already has three manufacturing facilities in China, which are Daqing (manufactures 90 Series models), Chengdu (manufactures 60 Series models) and Luqiao (manufacturers 40 Series models).

“Volvo Cars fully supports the Chinese government’s call for cleaner air as outlined in the latest five-year plan. It is fully in-line with our own core values of environmental care, quality and safety,” said Håkan Samuelsson, chief executive of Volvo Cars. “We believe that electrification is the answer to sustainable mobility.”

At the moment, China is the world’s biggest market for electric vehicles and it might get a lot bigger due the government’s ambitious initiatives to tackle congestion and air quality issues in its cities. This might work out in Volvo’s favour as the automaker targets to sell a total of 1 million electrified vehicle which include electric and hybrid offerings by 2025.

The Swedish automaker is also developing a fully-electric car on its Scalable Product Architecture, which is a platform that is used to build a range of Volvo models. Besides this, in the near future, Volvo also plans on offering plug-in hybrid versions of every model that it makes. This might seem like a tall order for some, but Volvo has already established a beachhead in China, which should make things a little easier for it.

New Volvo XC60 to be produced this month

Volvo turns 90 this month, and its no coincidence that it will begin manufacturing the new XC60 at its facility in Gothenburg, Sweden starting this month. It is set to replace one of the company’s best selling vehicles to date. Sales of the original XC60 were so good that, since its launch in 2008, Volvo has sold 1,000,000 of them worldwide.

It accounts for 30% of the Swedish automaker’s worldwide sales, which is a signficant chunk of its yearly revenue. Volvo planned it this way so that 90 years to the month that its first car rolled off the lot, the ÖV4, it will once again be bringing a revolutionary product to the masses.

“Volvo is very proud of its history. The past 90 years have been exciting, but the 10 years left until the 100-year anniversary may come to be more exciting as industry focus shifts to autonomous driving, electrification and connectivity,” says Håkan Samuelsson, chief executive of Volvo Cars. “The new XC60 is in many ways the embodiment of these trends.”

It’s common knowledge that Volvo makes some of the safest cars in the world and with the XC60, it shows. The new vehicle features a myriad of safety tech including Oncoming Lane Mitigation system, which uses Steer Assist to help mitigate head-on collisions. It also has, as an option, Volvo’s semi-autonomous driver-assistance system – Pilot Assist, which takes care of the steering, acceleration and braking on well-marked roads up to 130 km/h.

Volvo is launching the new vehicle across global markets in a staggered manner, hoping to keep supply and demand in check and ensure that customers get their vehicles on time. The automaker is confident that the new XC60 will boost thier sales even further, allowing them to post record sales for 2017. No news yet on when it will be made available here in Malaysia, but we hope its sooner rather than later.