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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 XC40 and C40 electrics get new motors, more horsepower, longer range

Late last year came reports of improved versions of the Volvo XC40 Recharge and C40 Recharge for Europe. Configurators over the Atlantic showed there wouldn't just be new rear-wheel-drive models, but more battery, more range, and faster charging. The Swedes have finally published the official list of updates, the tweaks even better than the reportage and websites showed. First, the rumors are true, Volvo is back in the rear-driver game after 25 years on the sidelines. The automaker took the previous e-motors off the front axle, putting its in-house-developed, more powerful, and more efficient e-motor on the rear axle. This first use of the new e-motors bumps output from 228 horsepower to 235 horsepower in the RWD trims when combined with the 60-kWh standard range battery. That, plus cooling improvements for the pack, means the XC40 Recharge's range jumps from 425 kilometers on the WLTP cycle to 460 km (285 miles), the C40 Recharge's range going from 438 km to 476 km (296 miles). Plugged into a charger capable of at least 130 kW, refilling from 10% to 80% takes about 34 minutes.  We specified "standard range battery" because another new treat is a second RWD trim: Volvo will plug its 82-kWh battery into the powertrain for those willing to pay. But wait, there's more: The big pack powers an even juicier e-motor making 248 hp. The added gumption boosts range in the XC40 Recharge to 515 km (320 miles), in the C40 Recharge to 533 km (331 miles). And again, improved cooling permits uprated charging speed of 200 kW, cutting the run from 10% to 80% SOC to approximately 28 minutes. Dual-motor variants make the change to asymmetric output as revealed before, giving up two 201-hp e-motors for a new 156-hp motor on the front axle and that in-house 248 hp motor on the rear. In conjunction with better cooling, the XC40 Recharge Twin Motor climbs to 500 km (311 miles) of range on a charge, a 62-km hike, the C40 Recharge Twin Motor to 507 km (315 miles), a 56-km enhancement.  Marginal gains also come from a set of more aerodynamic 19-inch wheels.  The updated twin-motor siblings are expected to enter production in May, the single-motor versions in the fall. We only get the Twin Motor models here. If our variants reflected the same range extensions as in Europe, the 14% rise for the XC40 Recharge would give our car a 255-mile range, the C40 a 12% boost to 254 miles of range.

Next Volvo XC90 design teased

When Volvo took the wraps off its Concept Coupe yesterday, the Swedish automaker said that while "the all-new XC90 is an entirely different type of car, you will recognize the connection instantly when it is revealed next year." We raised our eyebrows at this upon first read, but after seeing these photos, posted on Feber.se, Volvo certainly wasn't joking.
During a press conference where the Concept Coupe debuted, teaser images of the next XC90 were shown, and the connection between it and the conceptual two-door are obvious. The long, T-shaped lighting elements in the slim headlamps are certainly the most noticeable tie between the two vehicles, but the angular lower fascia openings seen here can also be found quite prominently on the Concept Coupe.
Feber.se also has a few images showing the new taillamp and interior designs of the XC90, as well. And not surprisingly, those two facets of the new crossover's DNA are also surprisingly close to the elements found on the Concept Coupe. It's interesting to see how the concept's C-shaped taillamps have been massaged for the more upright design of the XC90's rump, and inside the cabin, it appears Volvo is serious about this vertically oriented infotainment display.