![]() Not only can you purchase a car from Shift, but if you’re looking to get rid of your car, you can also sell or trade your vehicle to Shift. Shift has implemented an on-demand business model that allows each car buyer to order test drives, apply for financing, and arrange drop-off all from the comfort of their smartphone. Founded in 2013 by George Arison and Toby Rusell, Shift is a California-based used car dealer that operates fully online. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium) and Chengdu (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China) and body components in Olofström (Sweden). Volvo Car head office for China is located in Shanghai. Volvo Car head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. In 2010, Volvo Car was acquired by Geely Holding.Īs of December 2013, Volvo Car had over 23,000 employees worldwide. It formed part of the Swedish Volvo Group until 1999, when the company was bought by Ford Motor Company of the US. Volvo Car has been under the ownership of the Zhejiang Geely Holding (Geely Holding) of China since 2010. ![]() Today, Volvo Car is one of the most well-known and respected car brands in the world with sales of 427,000 in 2013 in about 100 countries. For the full year 2014, the company expects to stay in black figures and predicts to record a global sales increase of close to 10 per cent. The operating profit was the result of cost control and strong sales and was further tangible proof of Volvo Car Group’s progress in implementing its transformation plan. Global retail sales for the year amounted to 427,840 (421,951) cars, an increase of 1.4 per cent compared to 2012. Revenue over the period amounted to 122,245 MSEK (124,547 MSEK), while net income amounted to 960 MSEK (-542 MSEK). The plant, which earlier this year celebrated 50 years of car making, currently produces the Volvo S60, S80, V60, V70, XC70 and XC90 models.įor the 2013 financial year, Volvo Car Group recorded an operating profit of 1,919 MSEK (66 MSEK in 2012). The new working agreement will also be introduced in the first quarter of 2015 and when fully implemented, the Torslanda plant will employ 4,600 people. The new agreement increases the flexibility in production to meet customer demand. ![]() In addition to introducing a third shift, the Torslanda plant will also implement a revised working agreement to further support higher production volumes. ![]() Deliveries from the Torslanda plant are expected to reach another all-time high in 2015. The all-new Volvo XC90 SUV is expected to further grow the company’s sales volumes during 2015, creating a need for increased output from the Torslanda plant where the new car is to be produced. Volvo Car global retail deliveries were up by 9.2 per cent during the first nine months of the year while the outlook for the full year is a total sales volume of approximately 470,000 cars representing a 10 per cent growth and an all-time high sales result for the company. The new platform as well as the expansion of the Torslanda plant are part of Volvo’s ongoing USD 11 billion investment program in new products and production capacity. The all-new Volvo XC90 SUV marks the first car from the new in-house developed Scalable Product Architecture (SPA), which will form the base for a range of upcoming new Volvo models.
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