March 01, 2015 3:52 AM ET

Automobiles

Company Overview of Volvo Car Corporation

Company Overview

Volvo Car Corporation develops, manufactures, markets, sells, and services cars for customers in the United States, Sweden, China, Germany, the United Kingdom, and internationally. It offers cars with various body types, such as sedans, estates/sportswagons, cross country vehicles, SUVs, and convertibles; and provides related parts. The company was founded in 1927 and is headquartered in Gothenburg, Sweden with additional offices in Shanghai and Chengdu, China. It has production plants in Gothenburg, Olofström, and Floby, Sweden; Ghent, Belgium; Skövde, Sweden; Kuala Lumpur, Malaysia; and Chongqing, China. As of August 2, 2010, Volvo Car Corporation operates as a subsidiary of Zhejiang Geely...

VAK building

Assar Gabrielssons väg

Gothenburg,  405 31

Sweden

Founded in 1927

Phone:

46 31 59 00 00

Fax:

46 31 59 40 64

Key Executives for Volvo Car Corporation

Chief Executive Officer, President and Director
Age: 63
Chief Financial Officer and Senior Vice President
Senior Vice President of Americas, Chief Executive of Volvo Cars of North America and President of Volvo Cars of North America
President of Financial Services for The Americas
Age: 53
Senior Vice President and General Counsel
Compensation as of Fiscal Year 2014.

Volvo Car Corporation Key Developments

Volvo Car Group Reports Earnings Results for the Year 2014; Unveils All-New Volvo XC90

Volvo Car Group reported earnings results for the year 2014. The company reported a 17.4% increase in operating profit for 2014 to SEK 2,252 million, compared to SEK 1,919 million in 2013, as record sales cleared the way for the company to continue investing in its global transformation. Revenue for the year was SEK 129,959 million, up from SEK 122,245 million in 2013. The all-time sales record of 465,866 cars was an increase of 8.9% compared to 427,840 in 2013, and was supported by strong performances in China and Europe. In China, the company's large market, Volvo Cars sold over 80,000 cars. In Europe, Volvo grew twice as fast as the overall market and all of its main competitors in the region. Volvo Cars has now reported sales growth every month since July 2013. The company unveiled the all-new Volvo XC90, which is built on an entirely new, in-house developed Scalable Product Architecture (SPA) technology, which improves driveability and provides a wider range of design options. SPA will be used across the product range in future and will generate economies of scale, improvements in productivity and improved profitability. The XC90 also features Volvo Cars new in-house developed Drive-E powertrain, which provides combination of power and low carbon emissions. Drive-E will also be introduced across the product range in future. In addition, the XC90 offers world first safety technologies and the most comprehensive safety package on the market as standard.

Volvo Car Corporation Plans to Launch Polestar S60 and V60 into New Markets

Volvo Car Corporation announced it is planning to launch its Polestar-badged S60 and V60 into new markets for 2015. The special-edition models will be offered in 13 different countries for the 2016 model year. New markets include Bahrain, Kuwait, Lebanon, Oman, Qatar and the United Arab Emirates.

RocTool S.A. Signs License Agreement with Volvo Car Corporation

RocTool S.A. has signed a license agreement with Volvo Car Corporation. The agreement focuses on the manufacturing of the IntelliSafe body part (the part) in the back of the central rear-mirror that contains the system's radar.

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