Volvo Announces April Sales
ROCKLEIGH, N.J. (May 1, 2012) - Volvo Cars of North America, LLC, (VCNA) reported U.S. sales of 4,847 units, a 24.3 percent decrease from April 2011. Year-to-date sales are down 2.7 percent over the first four months of 2011.
The top seller for the month was the award-winning S60 sports sedan with 1,732 units sold, followed by the XC60 with 1,261 units sold.
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PUMA Points North
After a tense night with plenty of cloud activity and a few gybes this morning to set up the angle for the turning point at Recife on the coast of Brazil, PUMA Ocean Racing Powered by BERG has continued to hang on to the lead she claimed a 0400 GMT this morning.
Although Ken Read and his men have been able to put some distance between CAMPER Emirates Team New Zealand (Chris Nicholson/AUS) in second place and themselves, it is far from secure and the margin at 10.9 nautical miles is only just into double figures. Telefónica (Iker Martínez/ESP) moving into third place at 1600 GMT is once again proving a threat to the American lead, although they have replaced CAMPER as Abu Dhabi Ocean Racing’s sparring partner. The pair is neck and neck with Ian Walker and his crew on board Azzam as the windward boat.
CAMPER is 216 nm south east of Salvador De Bahia. “We’d be happy to be another 40 miles east than where we are now, but, at the same time, we are only 180 nm off the coast, so the breeze only has to shift 10 degrees further right and we’d be very happy with where we are,” said CAMPER navigator Will Oxley, looking into the fine detail. While the CAMPER team is happy with how their boat is performing, matching the rest of the fleet both in light airs and upwind, the crew of the trailing Groupama (Franck Cammas/FRA) are not quite so comfortable.
“We are putting a great deal of effort in, but it is failing to pay off,” said helmsman/trimmer Charles Caudrelier. The team are mystified as to why Groupama 4 is not performing and is now 75 nm in arrears.
“We’ve had a speed deficit during the start of this course, which means that we have fallen behind,” Caudrelier said. The crew has checked that nothing is wrapped around the appendages, even sending Caudrelier into the water to take a proper look, but nothing was found. “Right now, those at the front of the pack are tending to make good their escape, but we can’t really explain our deficit,” the Frenchman said.
With the trade winds yet to fully establish, there are still options for the French in the next day or so and Telefónica skipper Iker Martínez was quick to point out that although being the first boat to reach the trades normally gives a big advantage, it also depends on the stability and strength of the winds.
At 1900 GMT the five-boat fleet continued their compression as bows were pointed north, with a little over 1,000 nm covered since the leg start on April 22. From her windward position, PUMA’s Mar Mostro led CAMPER by 10.9 nm, with Telefónica 33.8 nm and Abu Dhabi 34.7 nm behind.
Volvo Car Corporation signs MoU on strategic partnership with China Development Bank Corporation
Volvo Car Corporation and China Development Bank Corporation today announced the signing of a Memorandum of Understanding (MoU) for a strategic partnership. Under the intent of the MoU, the parties will evaluate a possible cooperation related to China Development Bank's financing of certain Volvo Car Corporation research and development programs in the area of efficient energy technology, as well as production facilities in China.
The main purpose of the intended partnership between Volvo Car Corporation and China Development Bank is to safeguard Volvo's long-term competitiveness in the global automotive market and to further develop and intensify cooperation within the Sino-Swedish automotive industry.
Stefan Jacoby, CEO & President of Volvo Car Corporation, said: "I am very happy to announce the partnership with China Development Bank Corporation, as it will assist us in realizing our ambitious growth plans for the Chinese market and enhance our ability to develop clean, efficient driveline technologies."