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February 05, 2003
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This Week:

• Porsche Carrera GT Makes World Debut in Geneva

• Opel Speedster Turbo Makes Its World Premier At The Geneva International Motor Show

• XC90 Is Pace-Setter in January Sales for Volvo ... 12.8 percent increase in North America

• BMW Group Opens New Engine Test Building - Modular Building Complex for Efficient Engine Development

• Toyota FCHV Hydrogen Fuel-Cell Vehicles Earning Top Grades In University Programs

• DaimlerChrysler Increases Operating Profit More Than Fourfold in 2002

• GM To Add H2 SUT To HUMMER Portfolio

• New Family Of Small Gasoline Engines in Douvrin, France

• Chrysler Group COO Wolfgang Bernhard Drives First All-New 2004 Chrysler Crossfire Off the Production Line

• Hella Forms Alliance With Japanese Auto Supplier

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XC90 Is Pace-Setter in January Sales for Volvo ... 12.8 percent increase in North America

Photo: Ford

IRVINE, Calif. - Volvo Cars of North America, LLC (VCNA) sales are up 12.8 percent for January, over the same period last year, marking the third month in a row of sales increases. Led by the Volvo S60, and Volvo's first SUV, the XC90, the results signal a strong beginning of the year for the brand. "The waiting list for the XC90 continues to grow rapidly with demand consistently outpacing supply," says Volvo Cars of North America president and CEO Vic Doolan, "It's performance in the market is no doubt influenced by the fact that it has now received no less than 13 major awards in North America alone -- surely making it one of the most rewarded vehicles ever."

With demand for the V70 XC wagon also outpacing supply from the factory and with XC90 back-orders extending well into the second quarter, the outlook for the Swedish marque appears bright. Earlier this month Volvo announced that it has stepped up production levels at its assembly plant in Torslanda in order to meet the volume of orders.

Overall, 9,991 unit sales were recorded for Volvo's NAFTA (North American Free Trade Agreement) nations, which includes (Canada, Mexico, the United States and Puerto Rico).

In the United States (including Puerto Rico), the total sales volume of 9,255 represented a 13.2 increase for the month. Sales of 556 for Canada and 180 for Mexico were, up 15.8 percent and down 9.1 percent, respectively.

VCNA is part of the Volvo Car Corporation of Goteborg, Sweden. The company provides marketing, sales, parts, service, technology and training support to Volvo automobile retailers in the United States, Canada, Mexico and Puerto Rico.

The 2003 Volvo automobile line includes the award-winning XC90, the sporty S60 sedan, the flagship S80 luxury sedan, versatile V70 wagon and rugged Cross Country, the C70 convertible, and the compact S40 and V40 models.

(Feb 3, 2003)