Volvo Car Group Annual Report 2019 Report Annual
VOLVO CAR GROUP GROUP CAR VOLVO ANNUAL REPORT 2019 Freedom to move in a personal, sustainable and safe way. VOLVO CAR GROUP ANNUAL REPORT 2019 TABLE OF CONTENTS 2019 Highlights OVERVIEW 1 2019 Highlights 2 Market Development 5 CEO Comment Volvo Cars' company purpose embodied THE WORLD AROUND US Our purpose is to deliver the freedom to move in a personal, 8 Changing Consumer Demands sustainable and safe way by offering mobility, regardless of 9 Technology Shift what that looks like or who wants to use it. During the year we 10 The Volvo Car Group continued to deliver on that purpose. 12 Our Strategic Affiliates OUR STRATEGY In addition to selling cars via our retail partners, we continued to develop our commercial offers within the direct consumer 16 Company Purpose business area. Care by Volvo, our subscription concept, contin- 18 Strategic Framework ued to roll out to the markets, and we also launched our mobil- HOW WE CREATE VALUE ity brand M - Volvo Car Mobility, in Stockholm, Sweden. 30 Creating Sustainable Value and Growth 32 Product Creation Furthermore, by introducing the first fully electric XC40, and 46 Manufacturing and Logistics launching a plan aiming to reduce the lifecycle carbon footprint per car by 40 per cent by 2025, we demonstrated our true 50 Consumer Experiences commitment to sustainability. 52 People 58 Society In the interest of safer roads for all, we shared more than 60 MANAGEMENT REPORT years of safety research, underlining our leading position in 61 Board of Directors’ Report safety. Also, depending on the development of the Covid-19 65 Enterprise Risk Management situation, we will deliver on our decision to limit the speed on all new Volvo cars to 180 kph from 2020, paving the way for 68 Corporate Governance Report further deliveries on our safety vision that nobody should be FINANCIAL STATEMENTS seriously injured or killed in a new Volvo car.
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