Billionaire Li to Unveil New Volvos After Rescuing Swedish Icon
- Production of S90 cars to eventually move to China from Europe
- Top-of-the range sedans to feature fridge, crystal glasses
Volvo Cars CEO Samuelsson: Turnaround Going to Plan
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Volvo Car Group’s newest, fanciest car has a built-in refrigeration compartment, handmade crystal Orrefors glassware -- and the hopes of China’s premium auto-manufacturing industry riding on it.
Zhejiang Geely Holding Group Co., Volvo Cars’ Chinese owner, unveiled upgraded versions of its S90 sedan, including the top-of-the range S90 Excellence, in Shanghai Wednesday. The executive vehicles will be made in Daqing, China’s oil capital, and represent the latest product of a reinvigorated research and development program that’s bolstered profit and helped drive record sales for the Swedish icon.