2010 Volvo Xc60 on 2040-cars

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Volvo aiming for a stock IPO by the end of 2021

Volvo Cars is "making good progress" toward a potential initial public offering by the end of this year, the chief executive of the Swedish premium auto brand told Reuters on Wednesday. "We are looking at the possibility of doing an IPO before the end of the year," listing shares on the Nasdaq Stockholm exchange, company CEO Hakan Samuelsson said in an interview. Samuelsson and other Volvo executives on Wednesday laid out an extensive road map to becoming a fully electric car maker by 2030, including plans to sell 600,000 battery electric vehicles at mid-decade and build a European battery gigafactory in 2026. Volvo earlier this year scrapped a proposed merger with the company's Chinese parent, Hong Kong-listed Geely Automobile. In March, Geely said Volvo would explore capital market options, including an initial public offering and stock market listing. Many startups have gone public in the United States and China over the past two years, following electric vehicle market leader Tesla Inc in taking advantage of investor enthusiasm to raise cheap capital to compete with established brands such as Volvo. Samuelsson said Volvo and Geely will continue to share vehicle architectures, internal combustion powertrains and other components. But the companies will do so at "an arm's length distance," consistent with the way independent companies do business, he said. During Wednesday's briefing, Volvo also said it plans to equip many of its future vehicles with self-driving technology, including standard lidar sensors from Luminar Technologies Inc and computers from Nvidia Corp. "Our goal is to build the safest cars possible, using all available technology," Samuelsson said. As it launches new electric vehicles, Volvo also plans a slew of related products, including insurance and vehicle subscription payment plans offered directly by the automaker, Samuelsson said. "The whole vehicle business will be recurring revenue," Samuelsson said. In Europe, the company plans to change its retail operations so that customers order new electric vehicles directly from the manufacturer, with dealers paid commissions to deliver them, Samuelsson said. In the United States, where laws protect existing dealers, Volvo will still sell vehicles through franchised retailers. For its future electric vehicles, Volvo is working with Swedish partner Northvolt on a new generation of batteries with higher energy and designed to be packaged as a structural element of the vehicle.

Leno drives Volvo P1800 from Roger Moore's The Saint

Outside of a few notable exceptions, Volvo usually isn't associated with making beautifully curvaceous vehicles. But in the 1960s and early '70s the company proved with the P1800 that its cars didn't only have to be safe but staid family transportation. Underneath that shapely styling were a lot of components from the brand's parts bin, but that didn't bother Roger Moore when he drove one of these in the TV series The Saint. Actually, the future James Bond actor didn't just get behind of one of these; he owned this exact 1967 P1800 S. It's this week's highlight on Jay Leno's Garage.
Moore was the car's original owner, but it also appeared in studio scenes of The Saint. Despite its famous provenance, when owner Bill Krzastek bought the P1800 in England, it was in pretty rough shape. The Volvo underwent a nine-month restoration to get it back into shape, which included some new body panels and wheels. Krzastek claims that much of the interior is original, though.
Krzastek comes off has a little bit nerdy, but you have to give him credit. He absolutely loves his Volvo and knows something about practically every detail of his car's history. Krzastek even refinanced his house to fund the purchase and restoration of the P1800. Although, with the right maintenance these old Swedes have been known to go millions of miles. Enjoy this look at one that was a star of the screen in the '60s.

Junkyard Gem: 2012 Volvo C30 T5 with 6-speed manual

Every year, fewer new vehicles are available in the United States with manual transmissions (though the ancient five-on-the-floor still exists… for now). American Volvo buyers preferred three-pedal setups in their cars later than some, though even they had mostly fallen out of love with manuals by the time the 1990s dawned. Still, some stubborn holdouts kept demand for the once-beloved gearbox technology alive here, until Geely-owned Volvo axed the manual transmission for the U.S. market after the 2013 model year. The final three-pedal Volvo sold here was the C30, and I've found one of those rare machines in a New Orleans car graveyard. The C30 was a cool-looking two-door hatchback that borrowed some styling influences from the the beloved 1800ES shooting brake. The biggest problem with it in the United States was that two-doors and hatchbacks in general no longer enticed many potential buyers into signing on the line which is dotted. The U.S.-market 2012 C30 came with a 2.5-liter turbocharged straight-five engine rated at 227 horsepower and 236 pound-feet, and owners could buy the Polestar Performance software upgrade to increase those numbers to 250 horses and 273 pound-feet. That made for a respectably quick machine with its curb weight of just 3,200 pounds. The six-on-the-floor manual was base equipment; if you wanted the five-speed automatic, the cost was $1,250 more ($1,711 in 2024 dollars). This is a base T5 model, so its MSRP was $24,950. That's about $34,159 after inflation. The C30 was discontinued after the 2013 model year, after many years of underwhelming sales numbers here. This one looked to have been in very nice cosmetic condition when it arrived here, so we can assume that it suffered some costly mechanical malfunction. There's more to life than a Volvo. That's why you drive one. There was an English-language version of this ad, but I prefer the Swedish one. The previous commercial dared to show a manual transmission, but the car in this ad has the slushbox. Is it ugly or is it beautiful?