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Volvo Cars cracks 500,000 unit marker in annual global sales for first time

Green Car Congress

Volvo Cars sold 503,127 cars worldwide in 2015, the first time it has sold more than half a million cars in its 89-year history. Volvo reported strong sales from all three core global regions. Sales in Europe rose 10.6% of total global volume. to 70,047 units in 2015. to 70,047 units in 2015.

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Volvo Ending Sedan/Wagon Sales in UK, Could North America Be Next?

The Truth About Cars

Volvo Cars is suspending sedan sales in the United Kingdom and it looks like North America could be next if we consider the brand’s rationale. The company has said its sales volume has skewed so heavily toward SUVs and crossovers that it doesn’t make good sense to offer anything else. is now absent the S60, V60, and V90.

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Geely Targeting Sales of 2M Vehicles Globally by 2015; Li Shufu to Become Chairman of Board of Volvo

Green Car Congress

says that it plans to sell 2 million vehicles globally by 2015. said the company has reorganized its research institutes to help the company design more than 40 car models annually before 2015. In the first half of 2010, Geely sales reached 195,734 units, up 42.1 China-based automaker Zhejiang Geely Holding Group Co.,

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Volvo Cars expanding connected services; refreshed Sensus interface in the new XC60

Green Car Congress

Volvo Cars announced a range of updates to its global connected services program and its Sensus in-car user interface, starting with the new XC60 and the company’s existing and new 90 Series cars. —Björn Annwall, Senior Vice President Global Consumer Experience at Volvo Car Group. —Björn Annwall.

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Volvo makes its last diesel car and puts it in a museum

Baua Electric

Swedish automaker Volvo has rolled out its last diesel-powered vehicle, after a 45-year relationship with the powertrain and cranking out millions of diesel cars. Between 2012 and 2016, diesel accounted for half of the company’s global sales. Since 1991, Volvo made more than 9 million vehicles with diesel engines.

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Volvo Cars raises US$533M via issuance of preference shares to Swedish investors

Green Car Congress

Volvo Cars has raised SEK5 billion (US$533 million) from the sale of newly-issued preference shares to a group of Swedish institutional investors. The issuance has been conducted to further diversify Volvo Cars’ long-term funding sources. Operating profit for the first nine months of the year was SEK7.7

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Volvo Cars selects South Carolina for its first US plant

Green Car Congress

Volvo Cars has selected South Carolina as the location of its new $500-million factory in the US. The new plant will make latest generation Volvo models for sale in the United States and for export. Construction will begin in early autumn 2015, with the first vehicles expected to roll off the assembly line in 2018.