Tag Archives: Mike Cottone

Volvo Car USA and Canada Posts January Sales Increase

Posted on 5 February 2025 by Ken Zino

Volvo Car USA and Canada (Nasdaq Stockholm VOLCAR B) today reported sales of 8755 cars for January, up 5.4% year-over-year. Electrified models, fully electric or plug-in hybrid powertrain, increased 43.8% year-over year (YoY). They accounted for 35.8 % of sales during the first month of the year.

“We are excited to see a strong start to the year and look forward to continued growth in the US and Canada with our new XC90, EX90 and EX30 SUVs complementing a full lineup of cars that make life easier, better and safer for everyone,” said Mike Cottone, President, Volvo Car USA and Canada. No mention whatsoever was made of President Trump’s ongoing and unpredictable trade and tariff wars.* Continue reading →

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Volvo Cars Joins Tesla Supercharger Network in North America

Posted on 30 October 2024 by Ken Zino

Volvo Cars* (VOLCAR B:STO) said this week that drivers of its fully electric vehicles including the new EX90 flagship SUV will have access to more than 17,800 Tesla Supercharger stations in the U.S. and Canada.**

“As part of our journey to electrification, we want to make life with an electric car, including our new flagship EX90, as seamless as possible,” said Mike Cottone, President, Volvo Car USA and Canada. Continue reading →

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Deputy CEO Björn Annwall Leaves Volvo Cars

Posted on 9 October 2024 by Ken Zino

Volvo Cars (VOLCAR-B.ST)* today announced organizational changes that it said, “are designed to increase simplicity, speed and collaboration and reduce complexity by flattening our structure in the Commercial part of the business.” It is enhancing the responsibilities of the regions and empowering the employees that are closest to the customers to make key decisions. In a surprising move, Björn Annwall, current Chief Commercial Officer & Deputy CEO will support the transition of the new organization before taking his next step “outside of Volvo Cars.” The stock is currently trading at an all-time low.

“In a rapidly changing world, we need to ensure our organization is equipped to navigate a more challenging market. We are now regrouping our commercial leadership team with a focus on making Volvo Cars even stronger with increased speed and efficiency,” said Jim Rowan, CEO at Volvo Cars. Continue reading →

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