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Volvo Cars to launch 13 new models this decade, eyes earnings boost
STOCKHOLM: Volvo Cars plans to launch 13 new models between now and 2030 as it seeks to broaden its range and revive sales, the Sweden-based automaker said ahead of an investor day in Stockholm on Thursday. Under CEO Hakan Samuelsson, Volvo has streamlined its product portfolio and placed greater emphasis on regionalisation, shifting towards more region-specific offerings and less customisation. The carmaker said six models would be launched for the Chinese market and seven for Western markets, helping it achieve a long-sought target of a margin for earnings before interest and tax (EBIT) of a...
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