The Swedish premium car maker, Volvo Cars has started production of the new V90 premium estate and rolls it off from its manufacturing facility in Torslanda, Sweden. This first customer-bound V90 was rolled off the production line just only weeks after the first S90 premium sedan was built. This signifies that the top of the line 90 series will be produced in Sweden only.
The SPA-related investments in Sweden had put some positive effects on employment in the company, where Volvo has almost doubled its staff at the Torslanda plant in the last two years, a total of around 6,300 employees. It has also hired approximately one thousand engineers over that period, and still continue to recruit for the R&D department. This so called multiplier effects have created numerous new jobs at suppliers to the company and other businesses in the region.
Speaking on this, Håkan Samuelsson, president and chief executive said, “Taking the new V90 into production is an important milestone for Volvo. We have invested heavily in preparing the Torslanda plant for building SPA vehicles and it is encouraging to see the positive response to the new 90 cars. We are going from strength to strength, as our transformation plan continues to bear fruit.”
Volvo launched USD 11 billion transformation program that includes the three new 90 series cars as the part of it, while for the next three years, the company will revamp its entire car range. With the introduction of the new cars, it will result in significant sales and profitability growth. Like in 2015m with the help of the new XC90, the auto maker sold over 500,000 cars for the first time in the company’s 89 years history.