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Volvo Car Group's future as a strong, independent car maker based in Sweden is now being reinforced with a multi-billion dollar investment in SPA (Scalable Product Architecture) and VEA (Volvo Engine Architecture). The main part of the two projects will be carried out in Sweden, constituting one of Sweden's largest ever industrial investments.

SPA (Scalable Product Architecture) is a flexible, scalable product architecture that covers most of Volvo's future car models. It is a product range consisting of shared modules and scalable systems and components, all manufactured in a flexible production system. In parallel with SPA, Volvo Car Group is also developing an all-new four-cylinder fuel-efficient engine family known as VEA (Volvo Engine Architecture). These engines will be built in Skövde and assembly of all drivelines, including hybrid drivelines, will be integrated in the Torslanda plant in Gothenburg.

"Almost half of the approximately 11 billion USD investments covering the years 2011 to 2015 will be spent in Sweden in the form of infrastructure for the new vehicle architecture and engine family. This is a proof of Volvo Car Group's determination to strengthen the company's position as a Swedish car maker with a unique attractiveness on the global market," says Håkan Samuelsson, President and CEO of Volvo Car Group.

"SPA and VEA sharpen our cars' attractiveness in all areas - design, driving pleasure and quality down to the smallest detail. And of course we are at the same time boosting our core values of safety and environmental care."

Expansion of production capacity in Sweden
About one-third of the investments in Sweden are earmarked for expansion and upgrades of Volvo's Swedish production facilities. A significant sum is being invested in the construction of the new bodyshop in Torslanda, which will be completed during the second half of 2013.

In addition to Torslanda, there will also be considerable investments in the bodyshop in Olofström, which has to be modified for the new car models based on the new architecture. The Skövde engine plant will also undergo comprehensive changes for production of the all-new 4-cylinder engine family.

Technological independence with increased competitiveness
Product development represents the major part of the investments in Sweden, with work on the new vehicle architecture and engine family taking place in Volvo's development centre in Torslanda, Gothenburg.

"SPA makes us technologically independent, without any link whatsoever to our previous owner. The new architecture covers about two-thirds of our total sales volume. With about 40 percent of all components shared by all car models irrespective of size, we will benefit from economies of scale, thus boosting our competitiveness," explains Peter Mertens, Senior Vice President Research and Development.

"With lower costs for development and parts designed to be shared by all our models, there will be more capacity left for focusing on individual details that are important to our customers."

The first car model based on the new architecture is the next-generation Volvo XC90, which will be launched at the end of 2014.
 

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Next gen

......thank God. There is finally some hope for a brighter future. I was beginning to think we were slipping off into the sunset. Now let's get that 4cy engine built, installed in the V40 and start sending them to the US.
:)
 

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ARGH... 2 years away from the new XC90. I am guessing they won't make any for 1 year like the S60. :p
At least next year jan 2014 we will get the first of the new 4 cly engines. The question will be on the hybrid models in the USA.
 

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Finally, something to link to when people question Volvo's future.
 

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Finally, some reassuring news!!! As of late there's not been much in the way of announcements from Volvo, seeing as they've advertised this on their FB account this can only increase potential for sales. :D
 

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ARGH... 2 years away from the new XC90. I am guessing they won't make any for 1 year like the S60. :p
At least next year jan 2014 we will get the first of the new 4 cly engines. The question will be on the hybrid models in the USA.
Is that a typo? I read that those new 4 bangers were coming next year not 2014
 

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I just hope Volvo will still offer manual transmission with these new scalable cars...PLEASE!
 

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Is that a typo? I read that those new 4 bangers were coming next year not 2014
The new VEA engines will be available on EUCD platform cars starting Q4 2013.
 

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Something I read just put this into perspective for me.

Aston Martin plans to spend $500M on development of its supercars over the next 5 years (Source). Volvo plans to spend / is in the process of spending $11 Billion.

This is a BIG shot in the arm...

Granted Volvo has a much broader model line, the fact that many components are being shared among these cars means that money could go a LONG way.
 

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Its just a matter of finding out if their promises prove true when people test drive the cars with the new engines
 

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Someone posted here after a manager meeting that it will be jan 2014. Maybe they will do earlier but I doubt it. Just another confusing mid year change.
All the reports from different websites/blogs have been talking about Fall 2013 intro. The post here on SS also said 2013. They're gonna have a hard time competing against the new entrants in addition to the 3 series and the ATS if they don't update with the new turbo 4's by next year.
 
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