Volvo Car Corporation · Gothenburg Sweden
Company Description
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This link will open in a new window Volvo Car likes to play it safe. Traditionally a proponent of the safety-first approach to car building, Volvo's current lineup appeals as much to a driver's sense of style as to his or her sense of self-preservation. Models include the S-Range, V-Range, XC-Range, and C-Range. The bulk of the Volvos manufactured each year are built in Sweden and Belgium, but the company also builds cars in Malaysia and China. Volvos are sold in more than 100 markets through a network of some 2,300 dealers. Ford Motor purchased the Volvo automotive brand from Swedish truck maker AB Volvo in 1999. Ford has announced plans to sell Volvo Car. To read the full description, subscribe now.
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Key Volvo Car Corporation Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $83,454.0 |
| Employees | 10,000 |
Volvo Car Corporation Executives
17 executives listed for Volvo Car Corporation's Gothenburg, location.
| Title | Name & Bio | Contact |
| Chairman | John Fleming | Network |
| President and CEO | Stephen Odell | Network |
| COO | Steven Armstrong | Network |
Competition
Competitive Landscape for Volvo Car Corporation
Demand is driven by employment and interest rates. The profitability of individual companies depends on manufacturing efficiency, product quality, and effective marketing. Large companies have economies of scale in purchasing and marketing; smaller companies can compete by focusing on specialized markets. The industry is capital-intensive: average annual revenue per employee is nearly $2 million. US-based automakers compete with numerous foreign rivals, including companies such as Toyota, Honda, and Nissan that have extensive auto assembly operations in the US. Through stateside manufacturing capacities and exports to the US, foreign carmakers collectively have about half of the US market. US auto manufacturers' financial positions have deteriorated dramatically in recent years. The "Detroit Three" (Chrysler, Ford, and GM) have suffered from import competition and high cost structures. High gas prices, few small car offerings, and near record-low consumer demand during the late 2000s recession drove Chrysler and GM into bankruptcy, where their debts were restructured. Chrysler and GM also received billions in loans from the US and Canadian governments. Ford, which has joined GM and Chrysler in various government incentive programs but has not received direct federal investment, avoided bankruptcy largely due to more than $20 billion in secured and unsecured loans it took out in 2006. To read the full description, subscribe now.Top Volvo Car Corporation Competitors
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