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Volvo credits China, Europe for first-half profitability

If everything goes to plan, Volvo might be showing the first signs of a turnaround after several years coping with old products and a staid image. The Swedish brand is imminently launching its next-gen XC90 SUV on a completely revised, modular platform and using a cutting-edge family of engines, and it has even more products to take advantage of the fresh components on the drawing board. "We are excited about the launch of the all-new XC90, which marks the beginning of the re-launch of the Volvo brand," said CEO Håkan Samuelsson in the company's announcement. In the meantime, the business is moving back to profitability and is even forecasting growth through the rest of 2014.
In Volvo's recently released financial and sales results for the first six months of the year, volume was up 9.5 percent to 299,013 cars. On top of that, operating income reached 1.21 billion Swedish krona ($175 million) after posting a loss in the same period in 2013. Net income was also improved to 535 million Swedish krona ($77.4 million), which was also a reversal from a negative last year.
With these great results, Volvo is now forecasting 10 percent sales growth worldwide by the end of the year, and the key to it is a booming market in some regions. China, home to parent company Geely, was up 34.4 percent first half of the year. It's now Volvo's biggest market in the world and helped by exclusive models like the S60L (pictured above) and S80L. "We are growing our presence in China and we expect to sell at least 80,000 cars there this year," said Samuelsson in the company's forecast.

Volvo V40 Cross Country gets the all-wheel drive it deserves

Want a rugged Volvo wagon? Gothenburg has two kinds to offer: there's the XC crossovers on the one hand and ruggedized wagons on the other. As we reported last month from the unveiling of the new XC90 in Sweden, Volvo plans on offering more Cross Country wagons in the future. But in the meantime, it has upgraded the existing V40 Cross Country with some key enhancements - not the least of which is the long-awaited addition of all-wheel drive.
Powertrain upgrades for Volvo's smallest soft-roader include the new T5 engine (a 1.7-liter turbo four producing 245 horsepower), an eight-speed automatic transmission and all-wheel drive. The new powertrain is not only more capable, but also more environmentally friendly than the old T5 it replaces.
The enhanced V40 Cross Country launches in Europe mid-fall before being rolled out in other markets in the following months, but unfortunately the United States is not among them as the V40 is not offered Stateside in any configuration, which is a shame.

10 best new car deals in late September 2021

New car sales were drastically affected in 2020 due to the ongoing coronavirus pandemic, but things started to show signs of recovery toward the end of the year before really coming on strong in the early months of 2021. Now there's an ongoing shortage of microchips causing a great deal of pricing fluctuation and a limited supply of certain vehicles. That doesn't mean there aren't still great deals on new cars, though. Using data provided by TrueCar, we’ve compiled a list of some of the best automotive deals for September 2021. WeÂ’ve noted the original MSRP, the average transaction price, and the total savings in both dollars and as a percentage of the original sticker price. Basically, weÂ’ve done all the hard work for you! So now, all you need to do is compare deals, go on a few test drives, and maybe drive away in a great car (and an even better bargain).