February 20, 2017 12:33 AM ET

Automobiles

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

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: 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
Head of Investor Relations and Vice President
Compensation as of Fiscal Year 2016.

Volvo Car Corporation Key Developments

Volvo Car Looks For Future Listing

Volvo Car Corporation is seeking financing. The company’s Board is making preparations for a future listing of Volvo Cars. It was decided that there will be three categories of shares with different voting powers in Volvo instead of one. This includes A shares with ten votes each and B shares and preference shares with one vote each. The 500,000 shares held by Geely owner Li Shufu have been registered as A shares. The restructuring is seen as an indication that there are plans for a listing of Volvo Cars.

Volvo Plans to Launch First All-Electric Model in 2019

Volvo Car Corporation plans to launch its first all-electric model sometime in 2019. The automaker is still assessing its Compact Modular Architecture and Scalable Product Architecture platforms to determine which will underpin its first all-electric model, Green Car Congress has reported, detailing Volvo EV powertrain senior director, Mats Anderson's comments at a recent SAE symposium. The automaker's first EV will be built on the CMA architecture, which will be shared with the company's upcoming small models such as the XC40. Engineers are presently developing Modular Electrification Powertrain components that can be used across the range of EVs, including from 134bhp to nearly 600bhp. The technology will support battery pack configurations of up to 100-kWh, likely generating around 300 miles of range for a crossover or even longer range in a lower-riding model.

Volvo Car Corporation Reports Earnings and Operating Results for the Year 2016

Volvo Car Corporation sold 534,332 cars in 2016, compared with 503,127 cars sold in 2015. The company shows that it gained SEK 180.7 billion in 2016, compared with SEK 164 billion in 2015.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
December 20, 2016
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