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The next generation Volvo XC60 will be soon on its way to dealerships and customers as the Swedish carmaker has already commenced production of the mid-sized sports utility vehicle at its Torslanda facility in Sweden. In fact, the very first customer-bound Volvo XC60 has already rolled off the production line. This particular XC60 is a petrol-powered T5 Inscription AWD model wrapped in Crystal White exterior finish.
Magnus Nilsson, vice president of the Torslanda facility, remarked that they spent several months to thoroughly prepare the assembly site for the new 2018 Volvo XC60, adding that they are now ready to commence deliveries to customers.
Underpinned by Volvo’s self-developed Scalable Product Architecture (SPA), the new Volvo XC60 builds on the success of the first-generation model. It is the fourth model underpinned by this platform, which also underpins the 90 series. With almost a million examples already sold globally in the nine years since its launch in 2008, the first-gen XC60 was considered as the No. 1 premium mid-sized SUV in Europe, in terms of sales. In fact, the XC60 accounts for around 30 percent of the carmaker’s global volume. The second-gen XC60 is going up against the likes of Audi Q5, BMW X3 and the Jaguar F-Pace.Read the entire article Volvo starts production of XC60 at its Torslanda assembly site in Sweden
Volvo has revealed that while its products are used by a number of police organizations around the world, it will be the Swedish police that will get the first chance to use the V90 as part of its fleet. Of course, it certainly doesn’t hurt that this model obtained the highest rating of the driving test conducted by the Swedish police, one of the most demanding there is.
Note that compared to standard vehicles running on the road, emergency vehicles have higher requirements. Sweden in particular has a strict policy for its police cars, pretty much the same way at a workplace. Thus cars to be used by the Swedish police have to meet numerous requirements as it relates to comfort, ergonomics, quality, and clearly, performance. Specifically, a potential police car must get high ratings in an obstacle course and brake test. It also has to rate well in terms of high-speed emergency driving as well as the evasive action test both without braking and with brakes.
With regards to the tests conducted, it was revealed that the Volvo V90 achieved an overall score of 9.2 out of a maximum of 10. This is considered as the highest rating there is for a model to have undergone the test.Read the entire article Sweden first to use Volvo V90 as police car
Volvo Cars has unveiled the Volvo S90 luxury sedan in Gothenburg, Sweden, thereby declaring to the world its entry into the luxury sedan market. Laden with superior materials, superb comfort and class-leading semi-autonomous features, the Volvo S90 fuses Scandinavian design and cutting-edge safety and cloud-based applications and services.
Moreover, the Volvo S90 features the Sensus Connect touchscreen, thereby resulting to a clutter-free interior that features minimal dashboard buttons.
Thomas Ingenlath, Senior Vice President Design at Volvo Car Group, remarked that with the Volvo S90, the carmaker is bringing into the segment a visual expression that conveys confidence on the exterior.Read the entire article Launch of 2017 Volvo S90 in Sweden marks brand’s entry into luxury sedan segment
Due to the addition of the all-new 2015 XC90, Volvo announced that it will add a third working shift at its plant located in Torslanda, Gothenburg. The Swedish manufacturer is planning to increase production in the first quarter of 2015, which means the same period when it will start the production of the new Volvo XC90 SUV.
The third shift means that Volvo will add around 1,300 new jobs and this represents an increase in the total number of employees of about 40 percent.
The expansion of the Torslanda plant, as well as the new Scalable Product Architecture (SPA) are part of company’s $11 billion investment program in new products and production capacity.Read the entire article Volvo announces the addition of third shift at Torslanda plant, creates 1,300 new jobs
National Electric Vehicle Sweden (NEVS), now owner of Saab, has filed an application with a Swedish court for short-term protection from creditors while it concludes financing discussions with two major carmakers. NEVS resumed in 2013 low-volume output of Saab but stopped production in May saying it does not have enough cash to pay its outstanding debt.
NEVS has been holding discussions with two undisclosed carmakers to secure additional funds. NEVS President Mattias Bergman said in a statement that the negotiations the Chinese company has with two global carmakers are still progressing.
He remarked talks are complex and have taken more time than NEVS predicted. He added that the company needs more time to complete the negotiations and reach an agreement. NEVS has around 400 suppliers of direct materials and 500 suppliers of indirect materials.Read the entire article Saab owner files creditor protection with Swedish court
Bentley has further penetrated the Swedish market after opening a new dealership in Grev Turegatan, Stockholm. The luxury British marquee has its new showroom on Grev Turegatan, which is considered a major thoroughfare in one of the city’s main designer shopping districts, allowing it to draw closer to its main customer base in the area.
The new showroom also represents Bentley’s significant long-term investment in the region. Bentley’s existing facility in Malmö, Sweden, will still serve customers in the south of the country by operating as an official Bentley aftersales and pre-owned sales center. Filip Larsson, managing director at Bentley Stockholm, remarked that the opening of the new showroom in the city “is a great moment” for the carmaker in the country. He said that Bentley cars have been popular with customers in Sweden, thanks to their “all-year round, effortless driveability.”
He quipped that bringing Bentley’s sales center closer to its main customer base will strengthen the brand’s position in Sweden even further. During the official opening of the showroom, Bentley Stockholm unveiled the new Flying Spur to local customers. The Flying Spur boasts of exquisite luxury and craftsmanship as well as state-of-the-art technology.Read the entire article Bentley opens new dealership in Stockholm to serve Swedish market
National Electric Vehicle Sweden (NEVS), Saab’s new owner, wants to restart production at the carmaker’s closed factory in Trollhattan, Sweden later this year. NEVS spokesman Mikael Oestlund Oestlund told Automotive News Europe that Saab’s Trollhattan site is "practically ready" to commence building the 9-3 mid-sized car.
He added that the company has hired around 300 people, including team leaders, to oversee assembly of the vehicles. NEVS, which is owned by a Chinese renewable energy investor, bought Saab out of bankruptcy in August 2012. According to Oestlund, the 9-3 that will be built will be very similar to the 9-3 that Saab halted building in 2011.
He said that the petrol version of the 9-3 would be a turbocharged one. He added that Saab plans to launch an electric version of the 9-3 in 2014, which would feature a more inclusive face-lift. The 9-3 electric version will use batteries built by NEVS sister company Beijing National Battery Technology.Read the entire article Saab owner wants to restart production at Trollhattan site
Because Volvo’s sales have been slower than predicted, the automaker intends to reduce its auto production in Sweden to about 10% and to cut 200 to 300 jobs, according to a union official. The management had reportedly informed staff that the sluggish sales will result to a reduction in production, said Michael Blohm of the IG Metall blue collar union at Volvo's Torslanda plant in the western city of Gothenburg.
He said that the company seeks to decrease its output, from 57 cars each hour to 50 or 52. He said that this would mean that the contracts of 200 to 300 workers, who are from a recruitment company, won’t be extended. He said that the management had said that sales had fallen before the summer break.
But upon coming back, sales declined even further. He added that around 2,000 staff members work on Torslanda’s production line. He said that the plant has been shut down for four days before the annual mid-year break, which also led to the drop in production. China's Zhejiang Geely had bought Volvo from Ford Motor Co. in 2010 for $1.8 billion.Read the entire article Volvo to cut production in Sweden by 10 percent
For the meantime, Saab can still be legally protected from creditors, according to the court-appointed lawyer that oversees a reconstruction process for the automaker. This comes after General Motors Co. denied a Chinese bid to take over Saab. Last Monday, GM said that it will halt supplying parts and technology to Saab if the two Chinese companies successfully acquire the Swedish company.
This statement mirrors GM’s hardening stance to oppose the proposed sale of Saab. It also casts doubts on the survival of the niche brand, which was under court protection from creditors since September.
In a Reuters interview, court-appointed administrator Guy Lofalk said that the company will seek some clarity on the implications of GM’s decision.Read the entire article Saab keeps legal protection from creditors
Hours after an investment firm pledged cash to Saab, the administrator responsible for its reorganization asked a Swedish court last Thursday to pull the plug on bankruptcy protectiocarn. For several months, Saab has been trying to fight off bankruptcy. It had expected that creditor protection would give it enough time to restructure as it waits for Chinese investors to give new funds.
However, there would be little chance of it surviving if the court believes that the reconstruction efforts failed. According to Saab administrator Guy Lofalk, there is insufficient money for the reorganization to continue running.
He then asked a Swedish court to end the entire process. He added that the original reorganization plan and its financing strategy have not materialized yet.Read the entire article Saab asks Swedish court to pull the plug on bankruptcy protection
Saab, a Swedish vehicle manufacturer, is taking part in this year's Scandinavian Show on October 8 and 9 at Earls Court in London, wherein the very best that the Nordic countries can offer are showcased such as the top fashion brands, the edgiest entertainment, remarkable food and innovative design. The company will have a range of vehicles to display at the event, including the 9-5 Saloon, which is Saab’s most advanced vehicle to date.
The company will also have its iconic Saab 9-3 Convertible, which will be celebrating its 25th anniversary this year, Saab GB's Managing Director Charles Toosey revealed.
The iconic Convertible started production in 1986 with just 400 Saab 900 Convertibles coming off the line. Since then, the company's iconic soft top has played a leading role in shaping the automotive landscape.Read the entire article Saab announces its presence at the 2011 Scandinavian Show
After concluding that a reconstruction (a new creditor protection process) will not work, the Vanersborg district court in western Sweden rejected Saab’s application to be protected from creditors so that it could have some breathing space to acquire funds from Chinese investors and work out its cash problems. Saab released a statement to express its disappointment with the ruling. Saab will file an appeal over this decision.
In 2009-2010, Saab had gone through this process during the period when General Motors was still its owner. The current owner of Saab, Swedish Automobile NV, sought the protection of the court so that creditors' payment demands won’t force the automaker into bankruptcy and will give it time to implement its plan to secure its future.
Saab filed for bankruptcy protection last Wednesday via a voluntary reorganization process that would have meant that the court will appoint an administrator for the reorganization of the company.Read the entire article Swedish court rejected Saab application for protection from creditors
As Saab’s problems persist, its dealers in the U.S. are faced with a shortage in products, parts, and consumer interest. As a result, they are now making plans for a non-Saab future.
Production was stopped last March when suppliers halted delivery of parts in Trollhattan, Sweden, due to non-payment. Since then, Saab’s production workers have not been paid. Collection proceedings began last week by the Swedish government upon the request of some suppliers.
Swedish Automobile CEO Victor Muller has told dealers that Saab is about to secure bridge funding that will tide Saab over until mid-October and so they should remain optimistic, according to Autonews.Read the entire article Saab dealers starting to lose interest in the Swedish brand
The Debt Enforcement Agency of Sweden will begin a collection procedure against Saab Automobile on Wednesday. It could freeze the automaker’s assets unless the company pays around $620,000 Tuesday to two suppliers, an official disclosed. Hans Ryberg, a division chief at the state agency, reveals that the collection procedure would include an investigation on the automaker’s bank accounts and probably on other assets.
Norway-based manufacturer of car-seat components, Kongsberg Automotive AB, is one of the two companies that Saab must pay Tuesday to prevent the collection procedure.
Ryberg disclosed that the "big majority" of the money is owed to Kongsberg. Sweden-based consulting firm Infotiv AB is another company that Saab must pay Tuesday. The automaker was forced to stop vehicle production during the late part of March due to a shortage in cash.Read the entire article Sweden’s Debt Enforcement Agency to start a collection process against Saab
Volvo will be testing road trains in the field in Sweden by the end of the year and expects that these will be a main fixture in Europe before the decade ends.
Volvo’s senior safety engineer, Thomas Broberg, said that in the company’s closed-road trials, they’ve achieved getting two cars successfully attached to a road train. A lead vehicle in the road train sets the pace on motorways. It’s also responsible for the steering.
Broberg said that it’s likely that a small fee will be paid to the lead vehicle. He said that drivers that enter a road train are able to “use their time better, drive safer, reduce congestion and improve the environment.”Read the entire article Volvo planning to test car trains in Sweden
The Debt Office of Sweden is awaiting the response of Saab with regard to the company’s latest rescue plan that will produce the much-needed finances through a proposed change of ownership.
The Debt Office has asked questions about the company and the new owners, Daniel Barr, Debt Office head of bank support and project leader for Saab, disclosed to Reuters.
According to the latest rescue plan, Hawtai, a privately owned Chinese group, will take a 29.9 percent ownership in the company, pending approval from the government of China.Read the entire article Saab asked by Sweden’s debt office to fill in gaps in its latest rescue plan
Saab has been given a helping hand by Sweden, which had offered conditional backing for an agreement to free up cash. Last year, Spyker saved Saab but it faced a drop in 2010 sales, resulting to a cash-crunch in 2011. Saab was forced to suspend production since two weeks ago as it had failed to make payments to suppliers.
In a news conference, Enterprise Minister Maud Olofsson said that the Debt Office has been allowed to conclude an agreement with Saab.
The government approved a proposal from the Debt Office to let Saab sell real estate, including the production plant, to Russian financier Vladimir Antonov and then lease it back. Initially, this deal will bring 30 million euros to Saab; however, the value of the real estate is actually a lot higher.Read the entire article Sweden ready to help Saab, with some conditions
Vladimir Antonov, a Russian financier, has showed optimism through a Twitter posting on Friday as Saab is close to entering an agreement with the Debt Office of Sweden that will help resolve the carmaker’s short-term financial problems.
A day before Antonov’s comment, the Debt Office stated that it could concur to release collateral for Spyker, Saab’s parent company, to gain the finances needed to resolve problems with unpaid bills to suppliers and to bring back production in the automakers’ plants.
"Ok now:)nearly done:)keep fingers cross!!!" were the words of Antonov in a Twitter post. The Russian businessman also hopes to eventually become a stakeholder in Saab again after he was forced to leave the original deal for Spyker to purchase Saab from General Motors.Read the entire article Vladimir Antonov shows optimism regarding Sweden’s help for Saab
Sweden’s Finance Minister Anders Borg said that he wants more clarity on Spyker’s plans (especially its financial solution) on what’s to become of Saab. This statement made it apparent that there won’t be a quick deal between Sweden and Spyker to resolve Saab’s cash problems.
Saab’s plant has been shuttered for nearly two weeks as it’s unable to continue production after suppliers demanded that they be paid before they resume the supply.
Borg said that there could be significant remaining complications to this difficult matter.Read the entire article Sweden’s Finance Minister Anders Borg asks Saab to clarify financial plans
Spyker Cars NV's Saab Automobile has entered an agreement with Sweden's government to set up a venture to develop transmissions for the auto industry. Saab and Fouriertransform AB, the government’s venture-capital firm, will create a staff composed of about 50 engineers from Saab’s powertrain division, the companies recently said in a joint statement on Fouriertransform's Web site.
The companies said that the venture to be formed in 2011, will develop transmission systems like gearboxes, for Saab and other carmakers.
The new company will be called VICURA and will be based in Saab’s hometown of Trollhaettan. Saab CEO Jan-Aake Jonsson said that the venture will drive down the company's break-even point and improve operational efficiency as it works toward becoming a profitable, independent company.Read the entire article Saab and Sweden create venture to develop transmissions for the auto industry
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