The new Volvo V90 will benefit from over 60 years of estate heritage
OREANDA-NEWS. The new Volvo V90 will benefit from over 60 years of estate heritage.
Few car companies can claim the same pedigree as Volvo Cars when it comes to the design and manufacture of family estates. That is why the news that Volvo will reveal its new V90 estate on February 18 in Stockholm is so widely-anticipated and significant.
The V90 is a car that benefits from over 60 years of estate building heritage that started with the Volvo Duett which was launched in 1953 – the first car to meet the combined needs of drivers’ active leisure time and practical professional lives.
Since that day, Volvo has sold more than 6 million estates worldwide, representing around a third of the total number of Volvos sold since the company’s foundation in 1927, giving it a well-deserved reputation for designing and building the ultimate family estates.
“We have provenance in the estate segment,” said H?kan Samuelsson, chief executive at Volvo Cars. “In many people’s minds we are known as the definitive estate brand. While the Volvo brand stands for much more than just estates, we will proudly carry forward this rich heritage with the V90.”
The launch of the new Volvo V90 on February 18 is the latest chapter in this proud history.
Based on the same Scalable Product Architecture (SPA) as its XC90 and S90 siblings, the V90 is the estate version of the widely acclaimed S90 sedan which was launched at the North American International Auto Show in January.
Volvo Car Group in 2014/15
For the 2014 financial year, Volvo Car Group recorded an operating profit of 2,252 MSEK (1,919 MSEK in 2013). Revenue over the period amounted to 129,959 MSEK (122,245 MSEK). For the full year 2015, global sales reached a record 503,127 cars, an increase of 8 per cent versus 2014. The record sales and operating profit cleared the way for Volvo Car Group to continue investing in its global transformation plan.
About Volvo Car Group
Volvo has been in operation since 1927. Today, Volvo Cars is one of the most well-known and respected car brands in the world with sales of 503,127 in 2015 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding (Geely Holding) of China since 2010. It formed part of the Swedish Volvo Group until 1999, when the company was bought by Ford Motor Company of the US. In 2010, Volvo Cars was acquired by Geely Holding.
As of December 2015, Volvo Cars had almost 29,000 employees worldwide. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars head office for China is located in Shanghai. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium) and Chengdu (China), while engines are manufactured in Sk?vde (Sweden) and Zhangjiakou (China) and body components in Olofstrom (Sweden).