Volvo to Ditch Premium Tag

Volvo must abandon its quest to be considered 'premium' and come up with a new strategy, according to the firm's recently installed boss, Stefan Jacoby. The Swedish manufacturer is re-evaluating its product plan in the wake of its takeover by Chinese firm Geely.

03 Dec 2010 | 3665 Views | By Autocar Pro News Desk

Jacoby believes it needs to stop chasing the 'premium' market high ground currently held by BMW, Audi and Mercedes. "Let's ditch this talk about premium," said Jacoby. "It sounds like a pricing strategy and it's got an expensive ring to it. We need to focus on elegant Scandinavian simplicity, our ...

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