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Volvo returns to profitability

Ford sold Volvo to Zhejiang Geely Holding Group Limited in 2010. Just two years later, Geely announced an $11-billion investment in the Swedish carmaker, its charismatic fugleman Li Shifu saying, "We want to revive Volvo and give the brand its strength back." Two years later, after having introduced the Concept XC Coupe at the Detroit Auto Show this week, Volvo CEO Håkan Samuelsson (above, second from right) declared the company profitable again after a solid 2013 and predicted a positive 2014.
Intending to break even on operating profit in 2013, Volvo exceeded expectations and landed on the plus side due to a mix of factors. US sales declined 10.1 percent for the year to 61,233, that number still making us Volvo's largest market, but Chinese sales were up nearly 46 percent to 61,146 units, and even its home market saw a bump of 0.8 percent; total sales for the year were 427,840, a margin of 1.4-percent over the previous year. Volvo was able to do more with the tiny gain and reverse its half-year operating loss because of a global cost restructuring and thorough revamp of its Chinese distribution network. An announcement of 2013's financial results will come in March.
Bullishness on 2014 comes from the company's intention to focus on its two biggest markets with new models, new technology and more spending. The first product of an independent Volvo, the new XC90, will be revealed later this year on the new SPA architecture. On top of the Sensus Connect infotainment system, Volvo will add driver-aid systems like adaptive cruise control with steer assist and night-time pedestrian detection. It also has a new North American CEO and will spend more on marketing and communications here. In China it will begin to feel more effect from the two Chinese factories opened last year - it has three in the country - and, if need be, can take advantage of more advantageous exchange rates by exporting from China instead of the US. Said Samuelsson of what he expects in the US in 2014, "we will outperform the market."

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.

2023 Volvo XC90 Review: Design that stands the test of time

Pros: Classy, clean, minimalist design; powerful PHEV powertrain available; robust standard safety and driver assistance suite Cons: While we like the design, it’s due for an update; upgrading to PHEV is costly The 2023 Volvo XC90 is a three-row, full-size SUV that we like for its tasteful design, comfortable interior space and excellent safety. For 2023, the standard powertrains become mild-hybrid designs based on a turbocharged 2.0-liter engine. The plug-in-hybrid XC90 Recharge version raises the price considerably, but provides a generous amount of all-electric range while being the most powerful and fun XC90 by far. It wonÂ’t provide the sporty driving dynamics like some of the performance models from BMW and Mercedes, but thereÂ’s plenty to like about VolvoÂ’s flagship crossover. What Volvo does offer is oodles of safety, with excellent crash test results year after year, and a robust suite of safety and driver assistance technology that doesnÂ’t feel like itÂ’s working against you while youÂ’re driving. The XC90 is also comfortable and roomy, seating six to seven passengers in an interior thatÂ’s comfortable and interesting to look at without feeling overwrought or ostentatious. The XC90 is getting a little long in the tooth as itÂ’s now in its eighth year since a complete redesign, but its unique, crisp design and modern technology hide its age well. If you want something all-electric, though, youÂ’ll have to wait just a little longer. Volvo will release its full-size EX90 as a battery-electric successor to the XC90, expected to go on sale in 2023 with an all-new design and more safety tech than ever before. Interior & Technology   |   Passenger & Cargo Space   |   Performance & Fuel Economy What it's like to drive   |   Pricing & Trim Levels   |   Crash Ratings & Safety Features What's new for 2023? The 2023 XC90 switches to mild-hybrid powertrains as standard, complete with integrated 48-volt battery and an integrated starter/generator added to the existing 2.0-liter engines. The new B5 and B6 mild hybrids therefore replace the outgoing T5 and T6 engines. The XC90 Recharge remains a plug-in hybrid option. The XC90 switches to Google-based infotainment software for 2023, incorporating Google Maps, Google Play and Google Assistant voice control. The XC90 also gains over-the-air update capability, which means Volvo can send remote software updates to the vehicle, improving features over time.