Date of issue April 02, 2018 :The Swedish Carmaker Scoops Two Additional Category Awards for the XC40 and XC60.
The new Volvo XC60 has been named Jury Car of the Year by MECOTY’s jury panel at the annual MECOTY award ceremony, held in parallel with the Abu Dhabi International Motor Show, further adding to Volvo’s growing list of accolades.
The XC60 also received the Midsize Premium SUV award, while the XC40 won in the Small Premium SUV category.
“We are honored and pleased to accept these prestigious awards”, said Jesus Fernandez de Masa, Managing Director at Volvo Cars EMEA Importers. “The MECOTY award as well as both SUV category awards prove that Volvo Cars have the right design, performance and connectivity that appeal to the customers of the Middle East, a key market for us.”
The XC60 also took home the prestigious North American Utility Vehicle of the Year award earlier this year in addition to the World Car of the Year 2018 at the New York Auto Show. The XC40, on the other hand, was named European Car of the Year at the Geneva Motor show a few weeks earlier.
In the new XC60, Volvo’s City Safety Autonomous Emergency Braking system has been enhanced with steering support for when automatic braking alone may not help avoid a potential collision. In addition, Oncoming Lane Mitigation with Steer Assist, which helps mitigate head-on collisions and Blind Spot Information System (BLIS) with Steer Assist functionality have also been added to reduce the risk of lane-changing collisions.
The XC40 is the first model on Volvo Cars’ new compact modular vehicle architecture (CMA), which will underpin all upcoming cars in the 40 Series, including fully electrified vehicles. Co-developed together with Geely, CMA provides the company with the necessary economies of scale for this segment.
The company also reaffirms its commitment to electrify all Volvo Cars launched from 2019. Hybridized as well as pure electric powertrain options will be offered and the XC60 is already available with Twin Engine. Driver assistance and safety features on both cars include the Pilot Assist system, City Safety, Run-off Road protection and mitigation, Cross Traffic alert with brake support and a 360° Camera that facilitates maneuvering the car into tight spaces.
Currently in its 5th run, MECOTY is the automotive industry’s most prestigious accolade in the region, with each vehicle tested by a panel of the region’s top automotive journalists on ten separate scoring parameters.
Volvo Car Group in 2017
For the 2017 financial year, Volvo Car Group recorded an operating profit of 14,061 MSEK (11,014 MSEK in 2016). Revenue over the period amounted to 210,912 MSEK (180,902 MSEK). For the full year 2017, global sales reached a record 571,577 cars, an increase of 7.0 per cent versus 2016. The results underline the comprehensive transformation of Volvo Cars’ finances and operations in recent years, positioning the company for its next growth phase.
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 571,577 cars in 2017 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.
In 2017, Volvo Cars employed on average approximately 38,000 (30,400) full-time employees. 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).