Volvo expects its U.S. income to rise five% in 2014

Samuelsson: “It will be a hard 12 months and a 12 months of turnaround. But we have a new group, methods and tactics in spot.”

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GENEVA — Volvo’;s U.S. income are off to a bad start in 2014, but CEO Hakan Samuelsson expects volume to pick up in March and April and to improve about 5 % for the 12 months.

Income fell twenty percent in the initial 2 months to 7,783 in a market place down one percent.

But they will choose up as the new V60 sport wagon and a new generation of 4-cylinder engines turns into obtainable following month, Samuelsson said this month in an interview at the Geneva car display.

“It will be a tough 12 months and a yr of turnaround,” he stated about the United States. “But we have a new staff, techniques and techniques in location.”

Volvo’;s U.S. income could grow to 65,000 this yr, up from 61,233 in 2013, he said.

But he said product sales will not enhance considerably until finally the redesigned XC90 crossover is launched in the United States in early 2015.

The crossover will have Volvo’;s new Drive E loved ones of 4-cylinder engines, which includes a plug-in hybrid with 400 hp, he mentioned.

Prior to entering new segments, Volvo will exchange all of its present autos — the S80 mid-sized sedan, S60 compact sedan, XC60 compact crossover and C70 wagon, he said.

All will be on Volvo’;s new scalable architecture for mid- and big-sized vehicles. That process will take several many years, in accordance to Samuelsson.

But even right after that, he questions how a lot of variants Volvo could make.

“There is the appetite for this, but it is crucial that you handle complexity,” Samuelsson mentioned. “We will be really careful not to overutilize the technical indicates that the modularity gives.”

You can reach Diana T. Kurylko at dkurylko@crain.com. — Comply with Diana on
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