2002 Volvo C70, Only 94k Miles, New Timing Belt And Seals on 2040-cars

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Junkyard Gem: 1987 Volvo 760 GLE Sedan

When Volvo finally created a replacement for the iconic 200 Series (which first appeared here as 1975 models but were virtually identical to their 140 predecessors from the A pillar back), that car was the 700 Series. As it turned out, the 240 was so beloved that it ended up outlasting its supposed successor in the showrooms, but the 740, 760 and 780 earned respectable sales worldwide. The first of the 700s to arrive in the United States were 760 sedans and wagons, with sales beginning in the 1983 model year and the cheaper 740 showing up for 1984. We saw a 760 Turbo sedan in a Colorado car graveyard last year, and now here's a naturally-aspirated 760 sedan in a Northern California yard. The middle digit in Volvo model names represented the number of engine cylinders in earlier years, so you knew a 164 would have a straight-six under its hood, while a 264 boasted a V6. That rule got bent with the 700, so the 740 Turbo had a four-cylinder (presumably, turbocharging made up for the missing two pistons).  In this case, though, there really are six cylinders present. This is a 2.8-liter version of the PRV V6 engine, which was developed jointly by Peugeot, Renault and Volvo and used to power an incredible variety of European vehicles plus a handful from Detroit. PRVs went into the DeLorean DMC-12, the Volvo 262C Bertone Coupe, the Alpine A310, the Citroen XM and the Eagle Premier/Dodge Monaco. Because the PRV design began as a V8 (that, sadly, never went into production), it has a V8-style 90° cylinder-bank angle. This one was rated at 145 horsepower and 173 pound-feet. There was a version of the 760 available with a straight-six engine as well: the 760 Turbodiesel, which used a Volkswagen-sourced 2.4-liter oil-burner making 106 horsepower and 140 pound-feet. 1986 was the last model year for that car in the United States. There was no manual transmission available in the 760 by 1987, so this car has the four-speed automatic. The MSRP for this car was $28,290, or about $78,304 in 2023 dollars. You got a sunroof at no extra cost. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Perfect for off-roading! This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Who needs rebates? This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. The wagon version held eight very large dogs.

Volvo's $2.9 billion stock IPO is a key test in shift to EVs

Volvo Car AB is looking to raise 25 billion kronor ($2.9 billion) in a Stockholm initial public offering in a test for automakers amid the transition to electric vehicles. The Swedish carmaker, owned by China’s Zhejiang Geely Holding Group Co., is offering shares at 53 kronor to 68 kronor each (about $6-$8), according to a statement Monday.  The deal values Volvo Cars at as much as $23 billion, 11 years after the Chinese firm bought the business from Ford Motor Co. for $1.8 billion. The IPO is set to be EuropeÂ’s largest since January, according to data compiled by Bloomberg. The carmaker, with an ambitious plan to only sell full electric cars by 2030, plans to use the funds to add carmaking capacity so it can nearly double annual sales to more than 1.2 million vehicles. Volvo Cars also plans to construct a battery plant in Europe. “We have a very clear strategy to be an electric company in 2030 and weÂ’ve been on that journey for some years now,” Volvo Cars CEO Hakan Samuelsson said in an interview. “With this, of course, we can secure that transformation, because of course, itÂ’s not free of charge.” VolvoÂ’s projected market capitalization of about $20 billion compares to roughly $65 billion for BMW AG, while the German premium carmaker produces more than 2 million vehicles versus Volvo CarsÂ’ 660,000 last year. Newer entrants to the industry such as ChinaÂ’s Nio Inc. and Tesla Inc. have seen their share prices surge past traditional manufacturers even as they sell only a fraction of the number of vehicles. The IPO also comes less than a month after electric-vehicle maker Polestar, controlled by Volvo Cars and Geely, said it will go public in New York via a blank-check merger. The deal implies an enterprise value of $20 billion for the startup, with Volvo Cars expecting to hold a 50% stake in Polestar after it lists. While the century-old Swedish industry stalwart and Polestar have similar valuations, 4-year-old Polestar has a target of delivering only about 29,000 cars this year. Geely previously attempted to take Volvo Cars public in 2018, but called off the listing after investors were said to balk at its valuation expectations of as much as $30 billion.  A group of pension funds and institutional investors have committed to buying 6.4 billion kronor worth of shares in the IPO. The offering of as much as 21% of Volvo Cars runs through Oct. 27, and the shares are set to start trading in Stockholm on Oct. 28. Goldman Sachs Group Inc.

Trade war tactics: How Volvo will land a cheap Chinese EV on U.S. shores

A made-in-China electric vehicle will hit U.S. dealers this summer offering power and efficiency similar to the Tesla Model Y, the world's best-selling EV, but for about $8,000 less. The EX30 from Volvo Cars, the Swedish luxury brand owned by China's Geely, foreshadows the fierce competitive threat U.S. automakers could face from Chinese EV manufacturers that have surged far ahead of global rivals, especially on affordability. The $35,000 window sticker of Volvo's compact SUV hits a sweet spot in the U.S. market, where most buyers cannot afford most EVs. The competitive price reflects an unusual combination of Geely's China-specific cost advantages and Volvo's ability to skirt U.S. tariffs on Chinese cars because it also has U.S. manufacturing operations, according to interviews with four sources familiar with Volvo and Geely strategy and several U.S. trade policy experts. Chinese EV makers can undercut global competitors largely because of the nation's domination of battery minerals mining and refining, as well as its long-standing commitment to EV development, including heavy government subsidies. In addition, Geely has slashed manufacturing costs by merging supply chains and sharing platforms and parts with Volvo and other Geely brands, according to two senior Geely managers, who spoke on condition of anonymity because they are not authorized to speak publicly. Despite its aggressive price, Volvo is targeting hefty profit margins on the EX30 of between 15% and 20% globally, said a third Geely source. China's EV dominance will be on display this week at the nation's premier auto show in Beijing. In the China market, the world's largest, dozens of domestic EV brands are fighting it out in a price war while foreign automakers have steadily lost market share. The intense competition has driven China's biggest EV makers, led by BYD, to accelerate exporting of EVs that can capture higher prices and profits in less competitive overseas markets. The EX30 will be among only a handful of China-made cars sold in the United States, none of them from Chinese brands. Vehicles from China currently face a 27.5% tariff and increasingly strident calls for higher trade barriers from U.S. automakers and their political allies. But Volvo is eligible for tariff refunds under a law that awards them to firms with U.S. manufacturing operations — such as VolvoÂ’s South Carolina plant — that also export similar products, according to U.S.