on 2040-cars

Auto blog

Volvo eying return to 100k US sales to ensure dealer profitability

Struggling Volvo may be on a verge of a renaissance thanks to the forthcoming completion of its lauded concept car trilogy, new Drive-E engine family and much-discussed SPA modular platform. Its nascent renewal is mostly being financed by $11-billion in funding from its Chinese parent company, Geely, and if it all goes right, Volvo hopes to sell 100,000 cars a year in the States by 2016. That milestone is vital, because it would ensure Volvo's US dealer network is profitable, according to Volvo CEO Håkan Samuelsson.
In a new Ward's Auto story, Samuelsson notes that his company is launching a slate of fresh products in the coming years, including the new-to-the-US V60 wagon and mid-cycle updates for its S60 sedan and XC60 crossover. But the most important new vehicle will be the recently spied XC90 that is expected to be unveiled just before the end of this year. Samuelsson is also looking at future vehicles for the US, including replacements for the S80 and V70. The V40 is also planned for the US, but not until the next generation, according to the Volvo CEO.
Of course, it's going to take a lot to reach 100,000 US sales in three years. Volvo sold just 61,233 units here in 2013, and according to WardsAuto, Volvo hasn't sold 100,000 cars in the US since 2007. To reach its goal, Volvo's stateside business will need to grow sales by about 40 percent.

2024 Volvo C40 Recharge and XC40 Recharge add RWD, bigger battery pack

Volvo revealed rear-wheel-drive versions of its C40 Recharge and XC40 Recharge for Europe a few months ago, but mum was the word on U.S. availability. That changes today, as Volvo just debuted a host of updates and changes coming to the electric SUVs sold here. The big, new offering is that both the 2024 C40 Recharge and 2024 XC40 Recharge will be available in entry-level rear-wheel-drive models. Volvo developed a new and more efficient 248 horsepower electric motor that will sit on the rear axle for these models. The battery pack is also updated to be more energy dense, so it’s now an 82 kilowatt-hour pack instead of a 78 kWh pack. Combine the more efficient motor with the bigger battery pack, and range skyrockets past the old AWD models. In this RWD configuration, the 2024 C40 Recharge is EPA-rated for 297 miles of range, and the XC40 Recharge at 293 miles.  Additionally, the charging experience should be greatly improved, as Volvo says itÂ’s upgraded the maximum charge speed to 200 kW instead of the 150 kW it could manage previously. A 10-80% charge should now take approximately 28 minutes instead of the 40 minutes Volvo estimated previously. ThatÂ’s going to make a big difference if youÂ’re road tripping with multiple stops. The dual-motor AWD version of both cars are getting some updates, too. Instead of the identical motors on the front and rear axle, Volvo is putting its new 248 horsepower motor on the rear and a lower power 147 horsepower motor on the front axle. That front motor is only engaged when itÂ’s needed, so Volvo says this updated AWD model will be more efficient than before. Unfortunately, both the C40 and XC40 Recharge AWD models will retain the old 78 kWh battery pack. This also means theyÂ’re saddled with the slower 150 kW charge speed. That said, the efficiency improvements from the new electric motor setup means range increases anyway. It goes up by 31 miles for the C40 Recharge to 257 miles, and by 21 miles for the XC40 Recharge to 254 miles. Other updates to the C40 Recharge and XC40 Recharge models include a new 19-inch aero wheel option, more paint colors and additional exterior themes to choose from. Updated pricing is not yet available. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Volvo Cars sees 'tremendous growth' in EVs, CEO says

DAVOS, Switzerland — Volvo Cars remains confident of "tremendous growth" in the electric vehicles market, CEO Jim Rowan told the Reuters Global Markets Forum in Davos on Wednesday, countering gloomier projections from rivals. The carmaker, which aims for electric vehicles (EVs) to contribute half its sales volume by mid-decade and to sell only EVs by 2030, said the growth in demand for its premium brand was stronger than that of mass-market rivals. "We have much more pricing power and people have got more disposable income so they can afford it if they want to drive an EV," Rowan said. The Volvo Cars CEO said that, in contrast to others, he saw good growth globally for electric cars, with particular strong demand in Europe. Over the past year, many automakers have warned that the anticipated growth of EVs has been slow to emerge due to poor demand, heavy price cuts, lower subsidies, and supply chain issues. Volvo has previously said that it has no intention of participating in the Tesla-ignited price war due to its position as a premium brand and saw good margins on its electric cars. Higher costs caused by disruptions on shipping in the Red Sea would also not affect customers, the CEO said, who stated that any additional costs would be absorbed by Volvo. Last week, Volvo said it would halt production at its factory in Belgium for three days as a result of a delivery of gearboxes being delayed due to the disruption. The CEO also told Reuters that he had high ambitions for India in the next five years with plans to launch the more affordable EX30 there in 2025. By the Numbers Green Volvo Electric Future Vehicles