Volvo Car USA

Volvo Cars has been ranked by TIME as one of the World's Most Sustainable Companies in 2024 - leading the charge in sustainable mobility! At Volvo Cars we aim to be pioneers in protecting people and the planet by working towards net zero greenhouse gas emissions, embracing the circular economy, and working to improve people’s lives. On this journey we are committed to giving people freedom to move in a personal, sustainable and safe way. I would like to thank our dedicated employees and partners whose tireless efforts are improving our sustainability performance. For us, this is not only the right thing to do, but also critical to our future growth and success! Volvo Cars - For Life, For Lives, For Living! https://lnkd.in/gD6y5jE7

Earlier this month we officially welcomed our 2024 cohort of interns to Volvo Car USA! Over 9 weeks, this talented group of 29 individuals will immerse themselves in all aspects of our company, with plenty of opportunities to learn, grow and collaborate across our region.  We’re looking forward to an exciting and enriching summer with our fantastic interns! #LifeatVolvoCars

This past weekend, our electrified future was on display for guests and EV owners at the Electrify Expo in Long Beach, CA. With over 30,000 attendees, consumers had the opportunity to test drive vehicles from our current PHEV & BEV lineup and received a sneak peak of our upcoming all electric models: the Volvo EX90 & Volvo EX30.    Our own Aleck Brownstein spoke at the Expo’s Industry Day about what luxury car buyers are looking for when it comes to buying an EV – and for Volvo that’s sustainability and convenience.    Finally, in support of Alex's Lemonade Stand Foundation, our Volvo Car USA ambassadors collected donations from Electrify Expo attendees in exchange for a cup of ice cold lemonade, raising funds with all the proceeds going to ALSF. Thank you to our Volvo ambassadors & staff for your support and enthusiasm at the Electrify Expo!

We’ve just started building our new, fully electric #VolvoEX90 SUV at our factory outside of Charleston, South Carolina – so it’s safe to say we’re in a celebratory mood this week! Our new flagship SUV is based on our next generation, born-electric EV technology base and represents a paradigm shift for our company.  Not only does the EX90 expand our portfolio of fully electric cars, but it’s also the first Volvo car powered by core computing technology – a technology that enables a new era of safety for our cars. It’s designed to be the safest Volvo car to date, with cutting-edge passive and active safety technology and software informed by a broad suite of sensors. We produce the EX90 at our plant in Charleston, South Carolina. In recent years, we have made extensive investments in the facility to renew and expand, and it also has a state-of-the-art battery pack production line. So, our US plant is well-prepared to take on this mission. It reflects our long-term commitment to South Carolina, and the United States, where Volvo Cars has operated for almost 70 years through a robust network of 281 dealerships across 47 states. The first customer deliveries of the EX90 are scheduled for the second half of this year.

Last month, employees at our Mahwah HQ were invited to take a “paws” from their workday to enjoy some quality time with onsite therapy dogs. Thanks to Creature Comfort Pet Therapy for bringing these furry friends by as part of our Mental Health Awareness Month activities. #LifeatVolvoCars 

This week employees from our Mahwah HQ had a chance to attend a Peloton Interactive Hip Hop Ride with Kendall Toole, Peloton Instructor and mental health advocate, as part of our Mental Health Awareness Month activities. After the live class at Peloton Studios in New York, the group talked mental health with a discussion with Christine D'Ercole, champion track cyclist and Peloton Senior Instructor.     Thanks to all who joined for this fun and sweaty afternoon!    #LifeatVolvoCars 

Last week, employees around the globe celebrated the 97th anniversary of Volvo Cars with our second annual Volvo Cars Day. Here in the U.S. at our Mahwah HQ, our employees celebrated our purpose and our people through a variety of activities including a values & culture fashion show, safety demonstrations, and interactive exhibits featuring our cars throughout the years - from one of our earliest heritage cars to our new fully electric SUVs, Volvo EX30 and EX90.   Here’s to many more years of innovation and safety for all.    #VolvoCarsDay #LifeatVolvoCars 

Today we announced our financial results for the first quarter of 2024. Thanks to a strong retail sales performance, including an all-time monthly sales record in March, we booked a solid underlying profit increase of 8 per cent in our core operating profits, with corresponding margins reaching 7.2 per cent.    “We have had a strong start to the year, with our first quarter results laying a solid foundation for the year ahead,” says Jim Rowan, our chief executive. “We reported double-digit retail sales growth, set a new all-time sales record for a single month in March and continued to ramp up production and customer deliveries of our EX30 small SUV. Our operating profit margin, excluding JVs, associates, reached a solid 7.2 per cent on the back of improved gross margins on EVs of 16 per cent, and increased our EV share of sales to 21 per cent.”    “We remain focused on costs and capital allocation to ensure healthy cash and liquidity,” adds Jim Rowan. “I am confident that these actions will make 2024 another milestone year in our ongoing transformation.” https://lnkd.in/dexs2KyG

Today, the 2024 Volvo XC40 Recharge and S60 Recharge have been named Best Luxury Electric SUV and Best Luxury Plug-In Hybrid, respectively, in U.S. News & World Report’s 2024 Best Hybrid and Electric Cars.   Read more here: https://lnkd.in/ePPRtU7s

The Volvo EX30 features safety innovations that keep you and others safe, no matter the conditions. Stephanie Hunt with Veranda recently experienced this firsthand, traveling from her home in South Carolina to test drive the new EX30 through the Swedish countryside.    From navigating snow packed roads to gliding effortlessly over icy lakes, this small yet mighty SUV proved it can handle any road condition. As Stephanie put it, “driving the EX30, even on ice, felt intuitive, like all the guesswork, all uncertainty, had been solved with thoughtful engineering and design.”    The EX30’s design was led by Volvo’s own Katharina Sachs and Rekha Meena, who shared some of the inspiration behind its thoughtful interior and exterior features.    Read more about Stephanie’s experience with the EX30 here: https://lnkd.in/eZ_W4ki3   #VolvoEX30 #EV