Stefan Jacoby, previously chief government of Volkswagen of America, became Volvo Car Group’s president and chief government on 16 August 2010, replacing Stephen Odell, who turned chief govt of Ford Europe. His board members embody vice-chairman Hans-Olov Olsson, a former president and chief executive of Volvo Automobiles, and Håkan Samuelsson, previously chief govt of MAN. Implementation of the announcement might imply Volvo changing into the primary manufacturer to finish production of inside combustion-only autos, with all autos hybrid or electric powered. He has acquired many awards, together with the first Ordway Award for Sustained Excellence in Spaceflight Historical past in 2015 at the AAS Wernher von Braun Memorial Symposium. E” side of EV: Nissan brings excitement from the road to the track with LEAF Nismo RC unleashed for the primary time in Europe” (Press release). Gross sales in Europe rose 10% in 2015 to 269k, representing over 50% of complete global volume. Volvo reported sturdy sales from all three core global regions. Volvo’s revival in the US gained momentum, with gross sales up 24% in 2015, while China was flat amid a difficult sales atmosphere, however gross sales were up 11% in the fourth quarter.

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In 2021, Volvo Cars set up a joint enterprise with Geely for its hybrid engine operations. Former father or mother AB Volvo agreed to help Volvo reduce prices through partnerships, and steered participating in a shared ownership of Volvo Cars, as part of a larger consortium. The Swedish government was asked to look into a possible state ownership of Volvo, or a financial bailout for Volvo Vehicles and SAAB of GM. These considerations mounted after repeated mass-layoffs at Volvo. Between 2019 and 2021, Volvo plans to launch three electric cars below the Volvo model and two extra underneath the Polestar efficiency model. In December 2008, Ford introduced that it was considering selling Volvo Automobiles. Ford, in flip, attempted with little market success to leverage synergies from Volvo, particularly by sharing a re-engineered platform and lots of security features from the Volvo S80 with the Ford 5 Hundred (et al.). The end result was the luxurious second era Volvo S80 and the new small premium crossover Volvo XC60. Beneath Geely possession, Volvo has refocused its product lineup. It has additionally developed a brand new car platform, the Scalable Product Architecture (SPA), and re-launched an expanded -90 series of models, including the S90 sedan and Volvo V90 wagon along with a redesigned XC90 SUV.

Other rumored candidates to purchase Volvo Vehicles included BMW AG of Germany, Investor AB of Sweden, Chinese investors, and Russian traders. Geely had owned 100% of Volvo, but Volvo Vehicles had largely been allowed autonomy with its assets. Volvo is among the proponents of autonomous vehicles. Whereas part of the PAG, the corporate considerably expanded its vary of autos. Such vehicles require a different type of steering and braking mechanism, as well as sensors. Care by Volvo is obtainable in a number of European markets, akin to Germany, the UK and Italy, in addition to within the U.S. Li Shufu became Volvo Automobiles’ chairman of the board. Ford Motor Firm supplied Volvo Cars for sale in December 2008, after suffering losses that 12 months. The new enterprise, Aurobay will develop and market powertrain solutions, and as of 2022, consists of Volvo Vehicles’ engine plants in Skövde and Zhangjiakou, along with its powertrain analysis and growth operations in Gothenburg. In early 2021 the corporate introduced plans to fully cease promoting fossil gasoline-based vehicles by 2030, switching to electric-powered automobiles. On 20 November 2017, Uber announced that it deliberate to purchase as much as 24,000 Volvo cars designed to just accept autonomous know-how between 2019 and 2021. This non-binding intent features a plan for Uber Advanced Technologies Group to design and construct the self-driving system in the XC90 SUV.