October 28, 2016 8:15 AM ET


Company Overview of Volvo Car Corporation

Company Overview

Volvo Car Corporation engages in the development, manufacture, and distribution of cars that includes sedans, wagons, sportswagons, estate/hatchback, cross country cars, and SUVs/crossover worldwide. The company also offers Volvo On Call, a smartphone app with a host of solutions that allow to control car and get the help remotely. It sells its products through regional market companies and national sales companies; and dealers, including independent companies. The company was founded in 1927 and is headquartered in Gothenburg, Sweden with production plants in Ghent, Belgium; Zhangjiakou, Daqing, and Chengdu, China; Olofström, Floby, and Skövde, Sweden; and Charleston, South Carolina. It als...

VAK building

Assar Gabrielssons väg

Gothenburg,  405 31


Founded in 1927


46 31 59 00 00


46 31 59 40 64

Key Executives for Volvo Car Corporation

Chief Executive Officer, President and Director
Age: 65
Chief Financial Officer and Senior Vice President
Age: 51
Senior Vice President of Americas, Chief Executive of Volvo Cars of North America and President of Volvo Cars of North America
Age: 56
President of Financial Services for The Americas
Age: 55
Chief Information Officer and Senior Vice President of Group IT
Age: 47
Compensation as of Fiscal Year 2016.

Volvo Car Corporation Key Developments

Volvo Car Corporation to Launch its S90 in India in November

Volvo Car Corporation is reportedly planning to launch its S90 in India in November. The automaker has started taking orders for the vehicle. It is likely to start delivery of the vehicle by December 2016. It is to replace the ageing S80 sedan. The S90 is likely to be priced in the range of INR 5,700,000 to INR 6,000,000. It is to compete with the Mercedes-Benz E-Class, BMW 5 Series and Audi A6.

Volvo Car Corporation to Launch XC40 During Early 2018

Volvo Car Corporation is launching its XC40 during early 2018. The vehicle will be produced in Ghent, Belgium. The model will be based on the CMA (Compact Modular Architecture) platform. It will be available with a new 1.5-litre three-cylinder and 2.0-litre four-cylinder conventional petrol and diesel engines and T5 Twin Engine plug-in hybrid engine.

Volvo Car Corporation Appoints Javier Varela as Senior Vice President for Manufacturing and Logistics, with Effective November 1, 2016

Volvo Car Corporation appointed Javier Varela as its senior vice president for Manufacturing and Logistics effective November 1, 2016. Varela started his professional career at PSA Peugeot Citroen in Vigo, Spain in 1990. He held various positions within Manufacturing until 2003, when he moved to the PSA Peugeot Citroen global headquarters in Paris to work as Industrial Strategy Coordinator, in charge of planning and development for PSA's global manufacturing facilities. Prior to joining the automaker, Varela was working for Toyota Peugeot Citroen Automobiles as executive vice president in Kolin, Czech Republic.

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