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Volvo uncovers widespread cheating by its Chinese dealers
Tue, 26 Mar 2013According to a report in Reuters, the findings of an internal investigation conducted by Geely-owned Volvo is that its Chinese dealers vastly overreported their sales numbers in 2011, then even more vastly underreported their 2012 sales figures. About "half the dealers" out of the 151 total outlets gamed the system in order to get incentives for reaching volume objectives, falsely recording about 7,000 more units sold than was actually the case. Instead of 47,140 cars sold in China in 2011, the real number should have been 39,871.
Volvo corporate books a sale once it ships a car to a dealer, so that meant there were 7,000 more cars in inventory than there should have been. To restore the balance, the dealers underreported their 2012 sales while they unloaded those extra cars since, naturally, they couldn't claim the sale again. That made it look like sales declined by 11 percent in 2012, even though they actually increased year-on-year. The adjusted sales number for 2012 totalled 45,896.
Volvo has met with its dealers and told them to stop the deceitful practice. The discrepancies weren't so great that the company plans to restate its historic numbers, but from now on, it apparently plans to occasionally check inventory to make sure the numbers match and that it has a true picture of how individual models are selling.
Let's talk about cars instead of the election | Autoblog Podcast #492
Fri, Nov 11 2016This week's episode was recorded on Tuesday, before the election results came out. So David Gluckman and Mike Austin talk about cars instead. Maybe it will be a nice break for you. Topics include the BMW M3, Volvo S90, Honda's quirky satellite radio DVR, hatchbacks, and wagons. And of course the Miata. The rundown is below. Remember, if you have a car-related question you'd like us to answer or you want questionable buying advice of your very own, send a message or a voice memo to podcast at autoblog dot com. And please send trivia questions! You'll get the honor of stumping your fellow listeners, and we'll thank you too. Autoblog Podcast #492 The video meant to be presented here is no longer available. Sorry for the inconvenience. Topics and stories we mention 2017 BMW M3 Competition 2017 Volvo S90 2017 Mazda MX-5 Miata Hatchbacks... Wagons! Rundown Intro - 00:00 What we've been driving - 3:40 Listener questions - 30:22 Total Duration: 39:55 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Feedback Email – Podcast at Autoblog dot com Review the show on iTunes Podcasts BMW Mazda Volvo Hatchback Wagon volvo s90
2015 Volvo S60 T6 Drive-E
Wed, 23 Apr 2014For those not paying attention, Volvo has updated its S60 sedan range for 2015 with a new range of engines under the Drive-E label. Wearing the same T5 and T6 badges to note the relative levels of power under the hood, both engines are 2.0-liter four-cylinders, with the lesser being turbocharged and the greater being both supercharged and turbocharged.
Both Drive-E variants are currently only available in front-wheel-drive flavor, though Volvo will still happily sell you an S60 T5 AWD with the older 2.5-liter turbo five-cylinder, or a top-of-the-line S60 T6 with a turbo'd 3.0-liter six-cylinder and all the wheels turning.
The car I drove for a week is perhaps the most balanced version of the S60 range, with that exotic sounding twin-charged 2.0-liter mill planted happily in the attractively sloping nose. Provided you're not hung up on front-drive dynamics, the T6 Drive-E might be a solid candidate for your next premium small sedan shopping list, as well.