Volvo CEO Hakan Samuelsson says his company's relationship with owner Zhejiang Geely Holding gives it a big advantage over rivals in China, where he expects double-digit growth for Volvo in 2014. Samuelsson also says Volvo is poised to benefit from tougher CO2 limits in Europe. Samuelsson explained why during a recent interview with Automotive News Europe Managing Editor Douglas A. Bolduc, Automotive News Enterprise Editor Dave Guilford and Automotive News Reporter Diana T. Kurylko.
Is there an advantage from having Zhejiang Geely as your owner?
What's unique about our situation is that while everyone else has arm's-length partnerships we have a joint venture with our owner. We have no reason to hold back certain technology. We can do more with our partnership than the others. Also, we don't just get volumes from China, we see it as an opportunity to build a supply base we can use locally. We’ll use China for product development to a larger extent than other companies and we see China as a global production base.
Are the tougher European CO2 rules for 2020 an opportunity for Volvo?
The ones who will prosper from this are the ones with the right engines. I think we are at the forefront with our new Drive-E range. I think we have the best balance of fuel consumption and power in the business. That will help us.