Volvo XC90 receives top five star rating in Euro NCAP assessment
The Volvo XC90 has been awarded five stars and achieved top ratings in its 2015 Euro NCAP tests. The XC90 with standard City Safety technology stood out as the first car from any manufacturer to score full points in Euro NCAP Autonomous Emergency Braking Car to Car rear-end tests (AEB City & AEB Interurban).
“This is further proof that with Volvo XC90 we have developed one of the safest cars in the world. In fact we scored one hundred per cent in the Safety Assist category. From an industry perspective Volvo Cars remains the leader in car safety innovation and miles ahead of the competition with our standard safety offer,” said Dr Peter Mertens, Senior Vice President, Research & Development at Volvo Car Group.
One hundred percent in Safety Assist
The XC90 scored one hundred per cent in the Safety Assist category and is also the first model achieve maximum score in the two Autonomous Emergency Braking tests AEB City & AEB Interurban. The XC90 also features advanced pedestrian protection functionality that independent safety regulators have yet to include in their testing protocols, demonstrating once again how the Swedish carmaker continues to dominate and innovate in the field of car safety.
“We are the first car manufacturer to surpass the criteria that Euro NCAP have applied to the AEB Interurban and City testing procedures. City Safety is one of the most advanced standard crash prevention offers you can find in a modern car. It addresses vehicles, cyclists and pedestrians in certain situations, day and night,” said Martin Magnusson, Principal Engineer at Volvo Car Group.
With Volvo Cars’ long held Vision 2020 the Swedish carmaker aims to deliver cars in which no one is seriously injured or killed by the year 2020. The XC90’s clear five star results in Euro NCAP’s testing is a clear indication of Volvo Cars’ continued innovation with the ultimate goal of creating cars that do not crash.
Huge demand for top of the range Volvo XC90
Three quarters of the orders for Volvo’s new XC90 are for the top of the range Inscription model, Volvo Cars has announced.
Volvo Cars also said it has received nearly 57,000 orders globally for the new XC90, outstripping forecast sales for this year of 50,000. The company is running three shifts at its plant in Torslanda, Sweden, to meet demand.
“With 76 percent of customers choosing the top end Inscription model, it is fair to say that we have now entrenched our position as a premium car maker,” said Alain Visser, Senior Vice President for Marketing Sales and Customer Service.
The new XC90 marks the beginning of a new chapter in Volvo’s history, capturing its future design direction, incorporating its own range of new technologies and utilizing its new Scalable Product Architecture (SPA) technology.
The latest update on sales for the XC90 came as Volvo reported its financial results for the first half of 2015.
The company reported an operating profit of SEK1,660m for the first half of 2015, compared to SEK968m* for the same period in 2014. Revenue for the first half was SEK75,215m, up from SEK66,982m* in the first half of 2014.
Volvo is investing in a global transformation as part of its long term strategic ambition to enhance its position as a global premium car maker. Driven by the complete renewal of its product range, Volvo is aiming to almost double sales to around 800,000 cars a year in the medium term.
In the first half, Volvo also announced it will build a new manufacturing facility in South Carolina. Construction on the $500m plant near Charleston will start this fall and the new facility will have initial production of around 100,000 cars per year and be completed by 2018.
Volvo Cars acquires control of its China joint ventures for SEK2.2bn
Volvo Cars has taken control of its three joint venture operations in China for SEK2.2bn in order to more accurately reflect its growing presence in the world’s largest car market.
Volvo Cars now owns 50 per cent of its China joint ventures alongside Geely Holdings. These joint ventures include its car manufacturing facilities in Chengdu and Daqing, its engine manufacturing facility in Zhangjiakou and its research and development centre in Shanghai.
The move allows Volvo to fully consolidate its China joint ventures, providing a more accurate financial and operational picture of the company as it continues to expand in China. The company’s interim financial results announced today are the first to incorporate the China joint ventures.
“The incorporation of the Chinese entities is an important step towards the long term objectives to capture the growth and sourcing potential in China,” said Håkan Samuelsson, President and Chief Executive.