Volvo Cars of North America, LLC · Rockleigh, NJ United States
Company Description
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This link will open in a new window You can find the road's Swede spot with a little help from Volvo Cars of North America. The company, a subsidiary of Sweden's Volvo Car Corporation , is the sales, distribution, and marketing arm of the Volvo brand in the US and Canada. Volvo's models include the S-Range (sedans), the V-Range (station wagons), the C-Range (coupes and convertibles), and XC-Range (SUVs/crossovers). Volvo has about 300 dealerships in North America. The company also offers financing through Volvo Finance . Ford Motor purchased the Volvo automotive brand from Swedish truckmaker AB Volvo in 1999. A decade later, jettisoning its overseas brands while seeking to return to profitability, Ford put Volvo on the auction block. To read the full description, subscribe now.
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Key Volvo Cars of North America, LLC Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Employees | 625 |
Volvo Cars of North America, LLC Executives
10 executives listed for Volvo Cars of North America, LLC's Rockleigh, NJ location.
| Title | Name & Bio | Contact |
| President and CEO | Doug Speck | Network |
| EVP and CFO, Volvo Finance | Tim Fissinger | Network |
| VP Public Affairs | Geno Effler | Network |
Competition
Competitive Landscape for Volvo Cars of North America, LLC
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 Cars of North America, LLC Competitors
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