Volvo Cars to Eliminate Diesel From the New S60 Sedan
The new Volvo S60 sedan - to be launched later this spring - will be the first Volvo to be produced without a diesel engine, highlighting Volvo Cars’ commitment to a long-term future beyond the traditional combustion engine.
All new Volvo models launched from 2019 will be available as either a mild petrol hybrid, plug-in petrol hybrid or battery electric vehicle. This is the most comprehensive electrification strategy in the car industry and Volvo Cars was the first traditional car maker to commit to all-out electrification in July 2017.
“Our future is electric and we will no longer develop a new generation of diesel engines,” said Håkan Samuelsson, president and chief executive of Volvo Cars. “We will phase out cars with only an internal combustion engine, with petrol hybrid versions as a transitional option as we move towards full electrification. The new S60 represents the next step in that commitment.”
Last month, Volvo Cars reinforced its electrification strategy, by stating that it aims for fully electric cars to make up 50 per cent of its global sales by 2025. The announcement was made at the 2018 Beijing Auto Show, positioning it as a powerful player in China, the world’s leading market for electrified cars.
The new S60, a premium mid-size sports sedan, is based on Volvo’s in-house developed Scalable Product Architecture (SPA), which also underpins the company’s award-winning new 90 Series and 60 Series cars. The S60’s estate sibling, the V60, was launched earlier this year in Stockholm.
The new S60 will initially be available with a range of four-cylinder Drive-E petrol engines as well as with two petrol plug-in hybrid versions. Mild hybrid versions will follow next year.
Production of the new S60 will start this fall at Volvo Cars’ brand-new manufacturing facility outside Charleston, South Carolina. The Charleston plant will be the only manufacturing location for the new S60, meaning American-built S60s will be sold in the US market as well as overseas through exports.
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 of 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.
We have created world-changing innovations since the first Volvo rolled off the production line in 1927. The modern seatbelt. The side impact protection system. The pedestrian detection system. Today, Volvo Cars is one of the most well-known and respected premium car brands, preparing for a new future that will be all-electric, autonomous and connected.
Our company is a truly global organisation: our roots are decidedly Scandinavian, but we have manufacturing, research and design operations in Europe, Asia and the Americas.
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