LOS ANGELES — Volvo announced a major product offensive over the next five years and said it will develop its dealer network to support new vehicles and jumpstart U.S. sales. The announcement was made at the 2014 Los Angeles Auto Show.
The Swedish automaker said the ambitious plan includes "a focus on developing the dealer network to ensure the infrastructure is in place to support brand development and new products."
The sweeping overhaul also includes "a drive to improve service operations and deliver real profit opportunities to the dealer network as well as an uncompromising approach to service quality," Volvo said.
"Volvo is in the U.S. to stay," said Hakan Samuelsson, Volvo Cars CEO, in a statement. "Not only will we stay, we will prosper."
Edmunds says: Car shoppers should see some major changes at Volvo showrooms in the near future as the ambitious U.S. revival plan revs up.