#DougSpeck

Volvo Spending 11 Billion On Vehicles And Facilities Over The Next Five Years

Chinese automaker Zhejiang Geely Holding Group spent $1.7 billion last year to acquire Volvo from Ford Motor Co.,and now plans to spend as much as $11 billion on Volvo products and facilities over the next five years.

Harry Lay May 09, 2011

Report: Volvo to Bring Diesel and Hybrid-Diesel Cars to North America

Volvo will bring diesel engines as well as diesel-hybrids to North America in the future says the company’s North American CEO. Doug Speck made the comments to Automotive News, as the automaker is faced with the same lofty corporate fuel economy standards as the rest of the industry, which will see automakers average 35.5 mpg by 2016.