VOLVO CARS TO ESTABLISH NEW SHARED MOBILITY BUSINESS UNIT
AddThis Social Bookmark Button
By: Volvo

VOLVO CARS TO ESTABLISH NEW SHARED MOBILITY BUSINESS UNIT  Volvo Cars, the premium car maker, is to set up a new shared mobility business unit as part of a broad expansion of its car sharing and mobility services strategy, it announced today.

The new business unit will be based around Sunfleet, one of the world's first car sharing companies that has been operated by Volvo since 1998. Based in Sweden, Sunfleet has around 50,000 subscribers generating approximately 250,000 transactions in more than 50 Swedish cities.

While Sunfleet will form the core of the new business, Volvo said yesterday that it will in future be expanded into new global markets and provide an entirely new range of mobility services to meet changing consumer expectations around how they own and engage with cars.

'Private car ownership will not disappear, but as an automaker we need to embrace the fact that it will reduce and - more importantly - change. We have a proven and profitable concept in our home market which we intend to leverage as we develop a global concept,' said Håkan Samuelsson, president and chief executive of Volvo Cars.

Full details of Volvo Cars' revamped shared mobility strategy will be announced in coming months, but the company intends to complement current and traditional car ownership models with a range of on demand mobility solutions. Flexibility, ease of use and personalization are to be critical success factors.

The chief executive of the new business will be Bodil Eriksson, currently vice president Product, Marketing and Communications at Volvo Car USA and former senior vice president corporate communications.

'Today's notion of mobility and car ownership is changing. By recognising this fundamental and rapid shift in individual mobility behaviour and responding to it, we ensure that Volvo will continue to be relevant in the eyes of the consumer,' said Mr Samuelsson.

Volvo Car Group in 2015/16


Trending News
  • Rare and Unique Rides Anchor Carlisle Auctions' Fall Carlisle Offering
  • Rolls-Royce Motor Cars London Joins Forces With Storm Models For London Fashion Week 2017
  • McLaren Looks To The Future With Ultimate Vision Gran Turismo Car In Partnership With Playstation 4's Gran Turismo Sport
  • Daimler 24-hour Hackathon at the IAA show: sleepless but innovative
  • Fresh Momentum For The Final Push

    For the 2015 financial year, Volvo Car Group recorded an operating profit of 6,620 MSEK (2,128 MSEK in 2014). Revenue over the period amounted to 164,043 MSEK (137,590 MSEK). For the full year 2016, global sales reached a record 534,332 cars, an increase of 6.2 per cent versus 2015. The record sales and operating profit cleared the way for Volvo Car Group to continue investing in its global transformation plan. Full financial results for 2016 will be announced in February.

    About Volvo Car Group

    Volvo has been in operation since 1927. Today, Volvo Cars is one of the most well-known and respected car brands in the world with sales of 534,332 cars in 2016 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding (Geely Holding) of China since 2010. It formed part of the Swedish Volvo Group until 1999, when the company was bought by Ford Motor Company of the US. In 2010, Volvo Cars was acquired by Geely Holding.

    As of December 2016, Volvo Cars had around 30,000 employees worldwide. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars head office for China is located in Shanghai. The company's main car production plants are located in Gothenburg (Sweden), Ghent (Belgium), Chengdu and Daqing (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China) and body components in Olofström (Sweden).

  • Photo credit: Volvo
    posted on conceptcarz.com

    Recent News
    Public Debut For Three Models At Home Motor Show: Hyundai Motor At The 2017 Iaa

    – Hyundai Motor is presenting three public debuts of new vehicles at the 67th International Frankfurt Motor Show: Hyundais first high-performance car i30 N, the elegant five-door coupé i30 Fastback......

    Ford Of Germany And Deutsche Bahn Connect Collaborate On German Bike Sharing Service

    – Ford of Germany and Deutsche Bahn Connect GmbH, a subsidiary of Deutsche Bahn AG, are extending their collaboration in mobility services in Germany, from car sharing to bike sharing. Next month,......

    Public Debut For Three Models At Home Motor Show: Hyundai Motor At The 2017 Iaa

    – Hyundai Motor is presenting three public debuts of new vehicles at the 67th International Frankfurt Motor Show: Hyundais first high-performance car i30 N, the elegant five-door coupé i30 Fastback......

    Renault And Ferrovial Set Up New Car Sharing Service In Madrid

    - Ferrovial Services and Renault have signed an agreement to implement Zity, a car sharing service in Madrid. The project will start up with an initial fleet of 500 electric vehicles located within the......

    Millennials Spend More To Travel And Socialize In Summer

    Millennials love to travel and socialize during the summer and they dont mind spending money to do it. Maven surveyed more than 2,000 millennials ages 18-35 and profiled their social calendars,......

    'We've Come A Long Way And Have A Long Way To Go' -- Ford Reports Its Environmental Progress Across Business

    – Ford Motor Company today released its 18th annual Sustainability Report, including a short film, detailing its environmental progress across the world and commitment to continued sustainability actions......

    Volvo Cars And Geely Agree On Technology Sharing And The Formation Of Lynk & Co

    Volvo Cars, the premium car maker, and Geely Holding, the Chinese car group, Friday completed the formation of two new entities to share existing and future technology and provide the economies of scale......

    Start-Up Incubator Programme From Volkswagen Starts With Six Mobility Teams In The Transparent Factory

    The Transparent Factory from Volkswagen is starting a new chapter: six innovative mobility teams will today begin the new start-up incubator programme in Dresden. They now have 200 days to take their......

    2017 Chevrolet Bolt EV
    2017 Chevrolet Bolt EV  2017 Chevrolet Bolt EV  2017 Chevrolet Bolt EV  2017 Chevrolet Bolt EV  2017 Chevrolet Bolt EV  
    2017 Chrysler Portal Concept
    2017 Chrysler Portal Concept  2017 Chrysler Portal Concept  2017 Chrysler Portal Concept  2017 Chrysler Portal Concept  2017 Chrysler Portal Concept  
    2017 Jaguar FUTURE-TYPE Concept
    2017 Jaguar FUTURE-TYPE Concept  2017 Jaguar FUTURE-TYPE Concept  2017 Jaguar FUTURE-TYPE Concept  2017 Jaguar FUTURE-TYPE Concept  2017 Jaguar FUTURE-TYPE Concept  
    2017 Mercedes-Benz Concept EQA Show Car
    2017 Mercedes-Benz Concept EQA Show Car  2017 Mercedes-Benz Concept EQA Show Car  2017 Mercedes-Benz Concept EQA Show Car  2017 Mercedes-Benz Concept EQA Show Car  2017 Mercedes-Benz Concept EQA Show Car  
    2017 Smart vision EQ Concept
    2017 Smart vision EQ Concept  2017 Smart vision EQ Concept  2017 Smart vision EQ Concept  2017 Smart vision EQ Concept  2017 Smart vision EQ Concept  
    2017 Volvo S90 Excellence
    2017 Volvo S90 Excellence  2017 Volvo S90 Excellence  2017 Volvo S90 Excellence  2017 Volvo S90 Excellence  2017 Volvo S90 Excellence  
    2016 Audi R8 Spyder
    2016 Audi R8 Spyder  2016 Audi R8 Spyder  2016 Audi R8 Spyder  2016 Audi R8 Spyder  2016 Audi R8 Spyder  
    2016 BMW i3
    2016 BMW i3  2016 BMW i3  2016 BMW i3  2016 BMW i3  2016 BMW i3  
    2016 Smart fortwo
    2016 Smart fortwo  2016 Smart fortwo  2016 Smart fortwo  2016 Smart fortwo  2016 Smart fortwo  
    2015 Smart forfour
    2015 Smart forfour  2015 Smart forfour  2015 Smart forfour  2015 Smart forfour  2015 Smart forfour  

    Vehicle information, history, and
    specifications from concept to production.

    Follow ConceptCarz on Facebook  Follow ConceptCarz on Twitter RSS News Feed

    Conceptcarz.com
    © 1998-2017 Conceptcarz.com Reproduction or reuse prohibited without written consent.