Volvo - egmCarTech

Geely says it will keep Volvo production in Europe

Posted: Nov 19, 2009

Filed under: Ford, Industry News, Volvo

China based Zhejiang Geely Holding Group has made it known that they intend to keep Volvo production a European affair should it purchase the Swedish automaker.
The Wall Street Journal reported earlier in the month however, that Geely would be building a new Volvo plant in China with the ability to put out 300,000 vehicles per [...]

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Ford leads 2010 IIHS Top Safety Pick list with 6, Toyota doesn’t cut it

Posted: Nov 18, 2009

Filed under: 2010 Releases, Breaking, Ford, Industry News, Subaru, Toyota, Volvo

FoMoCo led all automakers for the second year in a row with six 2010 models that made it onto the IIHS’ Top Safety Pick list, including four vehicles from Volvo, a brand that Ford is selling. For the first time in three years, none of Toyota’s vehicles made the list as tougher criteria cut down the [...]

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Volvo says Twilight’s Edward Cullen fits the description of a perfect Volvo owner

Posted: Nov 12, 2009

Filed under: Industry News, Volvo

Edward Cullen, the vampire in The Twilight Saga: New Moon, apparently fits the description of a perfect Volvo owner. Cullen, who is played by Robert Pattinson, will be driving a brand new Savile Grey XC60R in the sequel to the movie that hits theaters on Nov. 20.
“The brand DNA matched to [Cullen's] character couldn’t be more [...]

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Geely planning to sell 1 million Volvo vehicles annually, considers new China plant

Posted: Nov 11, 2009

Filed under: Ford, Industry News, Volvo

Zhejiang Geely Holding Group, which plans to purchase FoMoCo’s Volvo brand, has been working on a turnaround plan that will eventually double sales of the Swedish car brand to nearly 1 million vehicles a year. Under the plan, Geely is going to build a new plant for Volvo in China with an annual capacity of [...]

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First official images of the 2011 Volvo S60 released

Posted: Nov 10, 2009

Filed under: 2011 Releases, Breaking, Volvo

After all the spy shots and all the teasers, Volvo has released the first official pictures of its new 2011 Volvo S60 sedan that will go into production in early summer 2010 at Volvo’s Ghent, Belgium plant.
“The all-new Volvo S60 is sculpted to move you. It looks and drives like no other Volvo before and [...]

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Ford confirms Geely as its preferred bidder for Volvo

Posted: Oct 28, 2009

Filed under: Breaking, Ford, Industry News, Volvo

FoMoCo released a statement today announcing that Zhejiang Geely Holding Group is its preferred bidder for the possible sale of Volvo Car Corporation. Ford said that while it will be engaging in a more detailed and focused negotiation with Geely, no final decisions have been made.
“Ford’s objective in our discussions with Geely is to secure an [...]

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Official Spy Shots: 2011 Volvo S60 tests new Collision Warning system in Copenhagen

Posted: Oct 12, 2009

Filed under: Spy Shots/Renderings, Volvo

Just last week we brought you updated details on the 2011 Volvo S60. Volvo announced today that it was recently testing its new Collision Warning system with Full Auto Brake and Pedestrian Detection in a disguised S60 prototype in Copenhagen. The technology will be introduced with the 2011 Volvo S60 next year.
“Factors like traffic behavior, [...]

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2011 Volvo S60: Sweden’s BMW 3-Series coming next year

Posted: Oct 07, 2009

Filed under: Volvo

Volvo’s BMW 3-Series rival, the next-generation S60, will debut in spring 2010. Take off all the chrome and other bells and whistles on the S60 Concept and you have yourself the production model that will hit roads later next year.
The design was signed off under former head of design Steve Mattin. Mattin was replaced by [...]

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Report: U.S. led group looking to acquire Volvo from FoMoCo

Posted: Oct 05, 2009

Filed under: Ford, Industry News, Volvo

According to a report by The Financial Times, a U.S. led group has entered into a race with China’s Geely Automotive to purchase Volvo from FoMoCo. Geely Automotive confirmed its interest last month in the unprofitable Swedish car company.
Sources said that the Crown consortium has fully secured financing from U.S. private equity groups and is [...]

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Goldman Sach’s $344 million investment could boost Geely’s Volvo bid

Posted: Sep 23, 2009

Filed under: Ford, Industry News, Volvo

According to a report by Reuters, Goldman Sachs will invest $334 million in Geely Automobile Holdings of China that will boost the Chinese automakers global ambitions along with a potential bid to buy Ford’s Volvo brand.
“It’s a wise move for Geely as it can use the money to build up capacity and free up capital [...]