Fredrik Arp, President and CEO of Volvo Car Corporation, is not affected by the intensifying rumors about the possible sale of the Swedish automotive industry, with the Premier Automotive Group (PAG), siblings – Jaguar and Land Rover. Through rumors, the car is described by the development plans for the advancement of global sales.
When asked if Volvo has had a long-term future with Ford, he replied "you should ask Ford about that. I am not involved with the case, I am talking about the function and operation of Volvo Cars and doing very well this year. "
"The reason I reject going into this speculation and debate is that it is in the interest of car parts Volvo, customers, agents or anyone else, and [it] does not own the business. However, as we have repeatedly said since last year, Ford has considered a number of strategic options for all our actions, like any responsible company should do, "the Wall Street Journal said Arp, as saying.
Currently, the Gothenburg-based carmaker is in the middle of double Start program model with the upcoming launch of the new V70 and XC70 – Car sales of property accounted for more than a third of global sales of the brand in 2006.
The new Volvo V70, launched last February, was developed to be a slightly more informed market than its predecessor, but still the same size. The car has a unique style while sharing externally with other Volvos. The equipment used is very different from the Volvo 740 parts. Shares of Ford V70 EUCD platform and much of the interior and the new S80. It is equipped with 3. 2L straight-six, a 3. 0L straight turbo-six, a light pressure turbo-2. 5L straight-five and two 2. 4L straight five diesel engines.
Arp was surprised to learn that General Motors Corp intended to enhance the profitability of Saab with reduced production and zero to reduce costs. For its part, the CEO explained that Volvo was the lucky situation of driving growth, total sales increased eight years percent on year (y / y), during the first five months of 2007 and the company uses the current installed capacity more efficient, which means no need to expand production in Europe or anywhere else in the medium term.
The Swedish automotive industry has a total annual production capacity of about 580,000 units worldwide, producing approximately 450,000 units per year and wants to focus on achieving further efficiencies to support growth ambitions. By 2010, Volvo aims to sell 600,000 units worldwide. The objective should be supported by Sweden of Volvo, Belgium and China plants.
Volvo has confirmed to Global Insight that the new crossover XC60 will come in the second half of 2008 and this development according to plan. This means that the production version will be very close to the idea. "Beyond the XC60 does not have any firm thoughts and I will not comment on speculation about a possible unification of S40 and S60 in a model. We believe that all types of development model and see the segment resulting from the Mercedes B-Class as very interesting at the same time thinking about whether the XC60 will have a little brother who could be described as a Multi-Activity Vehicle , "Arp conclusion.
Volvo does not intend to produce cars in the United States, its biggest market, despite the weak U.S. currency, Automotive News Europe Arp quoted as saying. The combination of a weak currency and prevent overcapacity North American OEM passing increasing raw material prices, "said Arp. This makes the creation of facilities and assembly of vehicles in the U.S. expensive, the report said.
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