• Wednesday, May 23, 2018

Volvo's British design chief says China is better at building cars than Europe

Discussion in 'China & Far East' started by onebyone, May 16, 2018.

  1. onebyone

    onebyone SENIOR MEMBER

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    Volvo's British design chief says China is better at building cars than Europe
    • When Volvo Cars was sold to a Chinese company in 2010, some feared that the quality of the cars would take a nosedive.
      • But according to Volvo's global design chief, Chinese factories are actually better than their European counterparts since they rely less on automation.
      • According to media sources, Volvo Cars might seek to go public with a valuation of $30 billion, well above comparable rivals.

    In 2017 Volvo Cars sold 571,000 cars, more than ever, and posted a record profit of more than $ 1.6 billion.


    The company's Chinese owner, Geely, is currently seeking an initial public offering of more than $30 billion for the Swedish brand, according to Financial Times.

    When Ford Motor Company sold the Swedish brand Volvo Cars to the Chinese automotive company Geely in 2010, some feared that the quality of the cars would go down.

    But according to British-born Robin Paige, senior vice-president of design at Volvo Cars, that notion is far from what is actually happening today. Volvo is currently manufacturing cars in Sweden, Belgium, and China, and the factories in China are higher rated than those in Europe, he argues.

    "What we're finding is that the quality of the cars are actually better in China than they are in Europe," he told Australian autosite Go Auto recently.



    "It's not a massive difference but if you do scores-to-scores and averages, China's pretty damn good, so we're not so worried about that now."


    Read the original article on Business Insider Nordic. Copyright 2018. Follow Business Insider Nordic on Twitter.
    http://www.businessinsider.com/volv...f-china-builds-better-cars-than-europe-2018-5



     
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  2. qwerrty

    qwerrty SENIOR MEMBER

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    european factories are old, factories in china are brand new with latest tools :D
     
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