Tag Archives: Stefan Jacoby
Volvo 85

Volvo celebrates 85th anniversary by recreating historic photograph with new executives

The Volvo Group has its beginnings rooted back in 1927 when the first mass-produced Volvo car rolled off the production line at the factory in Gothenburg on April 14, 1927 – the OV4. The event is still remembered with a very historic photograph of sales manager Hilmer Johansson driving the OV4 through the factory gates […]

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Volvo to add more than 10,000 employees by 2020

According to Volvo CEO Stefan Jacoby, the company will add more than 10,000 employees to reach its goal of selling 800,000 units annually by 2018. “By then, we will have to increase our headcount to 33,000 – 35,000 employees,” Jacoby said in a interview with Automotive News Europe. The company currently employs 24,000 employees worldwide, […]

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Volvo C70 Convertible will most likely die in 2013, no word of a replacement

Volvo announced today that it will cease production at its Uddevalla plant in 2013. “The low volumes in the Uddevalla plant do not justify continued production” says Stefan Jacoby, President & CEO of Volvo. The plant builds the Volvo C70 Convertible, which shares its platform with the S40 and V50 – both of which have […]

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Volvo CEO: Company could build cars in the United States

At the reveal of the Volvo You Concept at the 2011 Frankfurt Motor Show, Volvo’s CEO, Stefan Jacoby, said that the company may build a plant in North America. “One weakness of Volvo cars is the exposure to the U.S. dollar, so we are investigating increasing our sourcing in North America” to balance currency movements, […]

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Volvo to offer new XC90, wants to sell 120,000 units in U.S. by 2020

Following a $1.7 billion acquisition of Volvo from Ford Motor Co last year, Chinese automaker Zhejiang Geely Holding Group now plans to spend another $11 billion on Volvo products and facilities over the next 5 years. According to Doug Speck, CEO of Volvo Cars of North America, a growth strategy for the United States will […]

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Volvo kills plans for flagship sedan… for now

According to Volvo CEO Stefan Jacoby (who previously led Volkswagen Group), the Swedish brand’s expansion plan does not include a new flagship sedan that will compete against the BMW 7-Series and the Mercedes-Benz S-Class. “It is not in our midterm or long-term strategy right now,” Jacoby told reporters at the Shanghai Motor Show, where it […]

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Volvo to invest $10-$11 billion worldwide over next 5 years

Swedish automaker Volvo said today that it plans on investing $10 to $11 billion worldwide over the next 5 years. The move is part of an ambitious expansion following its acquisition by Chinese automaker Geely. Volvo’s CEO Stefan Jacoby made the announcement during a presentation where Volvo laid out plans to target fast-growing China for stronger […]

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Stefan Jacoby to be keynote speaker at 2010 LA Auto Show

Last year at the 2009 LA Auto Show, Fritz Henderson was supposed to give the keynote speech. However, the day before the LA Auto Show opened its doors to the press, Henderson was forced to resign and Bob Lutz took his place as keynote speaker. This year, the new president and chief executive officer of […]

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VW names former GM, Ford executive Jonathan Browning as CEO

Volkswagen has just announced that Jonathan Browning will be succeeding Stefan Jacoby as President and CEO of Volkswagen Group of America effective October 1, 2010. Jacoby left the company last month to become CEO of Volvo, which is now owned by Zhejiang Geely Holding Group Co., Ltd. “Volkswagen will play an even stronger role in […]

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Jacoby: Volvo will look to China, partnerships to grow

During his first press conference as CEO of Volvo, Stefan Jacoby, said that the Swedish brand will focus on building emotional vehicles in the future and may look to partner-up with rivals to gain economies of scale. Jacoby, former CEO of Volkswagen North America, was recently appointed CEO of Volvo after Zhejiang Geely Holding Group […]

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