Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of VLVLY, demonstrate its potential to outperform the market. It currently has a Growth Score of C.
Table of Contents
ToggleHow is Volvo doing financially?
Volvo’s full-year revenue of 282 billion crowns ($30.3 billion) was a record as was its 2021 operating margin of 7.2 percent, which was up from 3.2 percent in 2020 and 5.2 percent in 2019, before the pandemic struck. Volvo reported full-year earnings of 20.3 billion crowns ($2.2 billion).
Who is the major shareholder of Volvo?
Who currently owns Volvo Cars?
Volvo is currently owned by the Zhejiang Geely Holding Group, a company which owns over 15 other vehicle makers.
Is Volvo a good investment? – Related Questions
Is Volvo considered a luxury car?
The answer is, yes,
Volvo Cars – Wikipedia
is a luxury car maker.
How much of Volvo does China own?
Volvo has been producing their car and truck lines separately since 1999. The Zhejiang Geely Holding Group currently owns the car lineup and has invested an 8.2-percent stake in the truck lineup, with the ultimate goal of reuniting them.
Is Volvo still made in Sweden?
Volvo Cars is a multinational company with plants located in China, Sweden, and the U.S.A. For most global markets, all Volvo cars are produced and assembled in Sweden. The plant in South Carolina currently produces the Volvo S60. The plant in Chengdu, China, is responsible for Asian market vehicles.
When did China buy Volvo?
About
Volvo Cars – Wikipedia
Volvo Cars has been under the ownership of the Zhejiang Geely Holding since 2010.
Is Volvo Chinese or Swedish?
| Trade name | Volvo Car Group |
|---|---|
| Industry | Automotive |
| Founded | 1927 |
| Headquarters | Gothenburg, Sweden |
| Area served | Worldwide |
Is Volvo owned by Volkswagen?
Volkswagen AG owns Audi, Bentley, Bugatti, Lamborghini, Porsche, Scout, and Volkswagen. Zhejiang Geely Holding Group (ZGH) owns Lotus, Polestar, and Volvo.
Who make Volvo engines?
Until 2014, Volvo Cars used some engines of its own and others from Ford. Now, however, the Volvo Engine Architecture (VEA) set of engines is found in all Volvo vehicles. This family of three- and four-cylinder engines are entirely designed by the Scandinavian company.
Are Volvos expensive to maintain?
Are
Volvo Cars – Wikipedia
Expensive to Service? While the Volvo brand is listed higher in cost on a list created by Your Mechanic Inc., Volvos are more affordable to maintain than other luxury brands. Over a ten-year period of ownership, Volvo models cost an average of $100 more to maintain than Audi models.
Are Volvos reliable?
According to the folks at RepairPal,
Volvo Cars – Wikipedia
has a respectable reliability score of 3.5 out of 5 and the Above Average rating. To repair and maintain a Volvo, expect to pay around $769 per year, higher than the average of $652 across all models.
How long will a Volvo last?
That being said, with the proper care the average lifespan of a Volvo is typically 20 years with over 200,000 miles.
Why do people buy Volvo?
Volvo models offer many unique benefits that cars from other manufacturers do not offer. The many benefits offered by Volvo vehicles include impressive off-road ability, groundbreaking safety features, turbocharged power and economy, elegant Swedish design, and leading practicality.
How many miles can a Volvo engine last?
Overall, expect to see your Volvo vehicle last for over 200,000 miles if you give it proper care each year. If you look to the classics, though, you’ll find that a 1966 Volvo P1800 broke the world record for highest vehicle mileage with a staggering three million miles driven.
Which car has the best longevity?
| Longest-Lasting Vehicles to Reach 200k Miles – iSeeCars Study | ||
|---|---|---|
| Rank | Vehicle | % of Cars Over 200k Miles |
| 1 | Toyota Land Cruiser | 16.3% |
| 2 | Toyota Sequoia | 11.2% |
| 3 | Chevrolet Suburban | 5.1% |
How long do Volvo transmissions last?
Volvo Cars – Wikipedia
transmissions can last about 200,000 miles. Proper care for your transmission includes constantly checking your transmission fluid levels and allowing your Volvo to warm up before driving off can do wonders for your transmission.
Are Volvos as good as they used to be?
Volvo Cars – Wikipedia
excels when it comes to safety, but, as with many other brands reviewed in the survey, reliability took a hit once the cars passed 3 years. For those with older models (3 – 8 years), more owners reported experiencing issues that necessitated repair at the garage.
Which car is more reliable Mercedes or Volvo?
According to RepairPal.com, Volvo Cars is rated 3.5 out of 5.0 for reliability6 while the Mercedes-Benz is rated 3.0 out of 5.0 for reliability.