Tony Nicolosi is acting CEO of Volvo Cars North America

Article by Anita Panait, on October 7, 2013

Volvo has named Tony Nicolosi, chief executive of Volvo Car Financial Services U.S., as the acting head of its operations in the US. Nicolosi, in a temporary basis, is the replacement of John Maloney, who had been the CEO of Volvo Cars North America since 2011. Maloney is leaving the company.  Volvo executives said that they will name the permanent president and CEO of the carmaker’s US operations later.

The move is part of a management shakeup aimed at boosting Volvo’s sales and marketing in the US.  As the acting CEO of Volvo Cars North America, Nicolosi is faced with the daunting task of increasing the carmaker’s US sales, which have dropped 7 percent this year while the vehicle market in the country is growing. 

The carmaker’s slumping sales have been attributed to its aging product lineup as well as the expanded offerings of rival luxury brands from Europe, US and Asia. Alain Visser, Volvo Car Corp.'s senior vice president for marketing, sales and customer service, remarked to Automotive News that while Nicolosi could be called "a bean counter," he is a solid executive with strong dealer relationships.

“Tony has been with Volvo for 26 years, has a keen insight into the business operations and is a strong and enthused leader,” said Alain Visser, Senior Vice President Marketing, Sales and Customer Service at Volvo Car Group. “As our largest market globally, VCNA’s momentum and success in the U.S. is vital to a larger transformation taking place at Volvo.” [source: Volvo]

Topics: volvo, north america, ceo

If you liked the article, share on:

Comments

Recommended

Hyundai Motor Group – including both Hyundai Motor and Kia Motors – has disclosed a wide-ranging plan to introduce 31 environment-friendly models in a new development roadmap that aims to...
by - August 22, 2017
Over a decade ago, Pagani took the Zonda to the Geneva Motor Show. The Zonda hypercar was then set to retire in 2013 together with the track-focused Revolucion. But here...
by - August 22, 2017
The newest Porsche Cayenne is scheduled be unwrapped by the end of the month after completing endurance tests worth 2.7 million miles. Since we are just a few weeks away...
by - August 22, 2017
This is the time of the year when automakers give us teasers and previews of their upcoming models. Now, it seems like BMW is ready to unveil the M5 (F90)...
by - August 22, 2017
It is quite common to revive classic cars if you have a lot of extra money. Models like the Jaguar XKSS and Aston Martin’s DB4 GT have been upgraded to...
by - August 21, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries