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Posts Tagged ‘volvo s60l’

China’s Economic Crisis Working to Volvo’s Advantage

Swedish maker gets more control from Chinese parent.

by on Aug.24, 2015

A Volvo S60L sedan rolling down the assembly line at the maker's plant in Chengdu, China.

The financial turmoil in China is actually working to the advantage of Volvo Cars. The Swedish automaker, now owned by China’s Geely, is getting more control of key assets, such as its factory in Chengdu, as part of a deal valued at $356 million.

Volvo Cars executives said the decision to take control of its three joint venture operations in China will accurately reflect its growing presence in the Chinese  market . It also fixes the values of the assets in case of a merger or if they are put up as collateral for a major loan in the future, observers said.

Global Insight!

The downside is that Volvo is being hammered, like the rest of the auto industry, by the worst slowdown in the Chinese automotive market in two decades. The downturn could push Volvo to expand plans to export cars from China to the U.S. and other established markets.

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Luxury Makers Stretch Out with Long-Wheelbase Models

Infiniti offers extended version of Q70 sedan.

by on Sep.03, 2014

For another $1,500, the Infiniti Q70L will offer backseat passengers nearly 6 inches more legroom.

In today’s hotly competitive luxury car market, manufacturers like Infiniti have learned they sometimes need to stretch a little to satisfy potential customers.

The high-line arm of Nissan Motor Co. is adding a long-wheelbase version of its Q70 sedan for the 2015 model-year, joining a growing list of makers that have introduced stretched versions of such models as the Jaguar XJ and Audi 8L.

We Stretch Your Horizons!

The idea might seem particularly well-suited for the U.S. market, where the mantra has long been “bigger is better.” Ironically, the trend is being driven these days by China, where BMW has even introduced a long-wheelbase version of its compact 3-Series line.

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Volvo Likely to Begin Importing from China in 2015

Maker will focus on stretched version of new S60 model.

by on Aug.26, 2014

The Volvo S60L sedan, which is assembled at the new Volvo plant in Chengdu, could be the first vehicle exported from China to the U.S.

Despite years of promises, Chinese automakers like Chery Automotive and BYD have yet to follow through by importing their products to the United States. But the long drought is expected to come to an end next year, and the first automaker to ship a Chinese-made vehicle to the U.S. now appears likely to be Volvo Cars.

Purchased by China’s Zhejiang Geely Holdings in 2010, Volvo is now operating two factories in the fast-growing Asian country, with most of the capacity earmarked for local buyers. But the Swedish brand’s chief executive officer says it is preparing to export at least one of those products next year.

A Real Performer!

“A very likely candidate” is the long-wheelbase version of Volvo’s S60 sedan, the maker’s CEO and President Hakan Samuelsson said in response to a question from TheDetroitBureau.com, adding that a target date “sometime in 2015” is “absolutely likely.” (more…)

Volvo Bringing Innovative S60L PPHEV to Beijing

Swedish hybrid uses three driving modes for performance.

by on Apr.18, 2014

Volvo's S60L PPHEV concept will be unveiled at the Beijing Auto Show.

Volvo plans to unveil its latest green car at the Beijing Auto Show next week: the S60L PPHEV. The plug-in hybrid not only gets up and goes, but it gives drivers the option of how they want to drive.

The PPHEV, which is short for petrol plug-in hybrid electric vehicle, provides motorists with three driving modes: pure, hybrid or power.

Tech News!

In Pure mode, the S60L will travel in pure electric mode for more than 30 miles. In the default hybrid mode, the carbon dioxide emissions are about 50 g/km. This corresponds to fuel consumption of just two liters per 100 km. It will travel approximately 600 miles in hybrid mode. (more…)

Volvo’s Chinese Fire Drill

New owner Geely hopes to ignite Volvo sales around the world.

by on Jun.21, 2013

Workers assembling a pilot S60L sedan at the new Volvo plant in Chengdu.

The assembly line creeps along at a glacial pace.  For the next few months, the workers at the sprawling plant on the outskirts of the Sichuanese capital of Chengdu will be carefully trained before the first cars actually roll into Chinese showrooms.

But eventually, if all goes according to plan, the factory will be running at a frantic rate.  Long little more than an after-thought in the global luxury market, Volvo Cars has ambitions to challenge more established brands like Audi, BMW and Mercedes-Benz.

Your Global Source!

At least, that’s the goal set by Geely which purchased the Swedish maker from Ford Motor Co. three years ago.  The ambitious Chinese conglomerate plans to invest at least $6 billion to rebuild Volvo, completely updating its product line-up and adding new plants to produce them, starting with the factory in Chengdu and another in China’s Northeast industrial belt.

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