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Home»AUTOMOBILE»Volvo creates U.S. and Canada division; Gustafsson will step down
AUTOMOBILE

Volvo creates U.S. and Canada division; Gustafsson will step down

Bhagyashree SoniBy Bhagyashree SoniJanuary 17, 2023Updated:January 18, 2023No Comments2 Mins Read
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Volvo Cars is restructuring its Americas enterprise and spinning the U.S. and Canada markets right into a separate unit.

Anders Gustafsson, head of Volvo Cars Americas and CEO of Volvo Car USA, will surrender his tasks March 1, three folks briefed on the matter instructed Automotive News.

Michael Cottone, a 21-year Volvo veteran and Western Region vp, will take excessive job within the U.S. and Canada. Cottone, 43, will report back to a Volvo Cars industrial government, to not CEO Jim Rowan.

It’s unclear if Gustafsson plans to proceed with Volvo or return to Sweden.

Volvo Car USA confirmed the reorganization to Automotive News.

“To support and ensure a strong focus on Volvo Cars’ ambitious goals for growth, full electrification and an omnichannel customer experience, the Americas region structure will evolve, creating a dedicated organization for the USA & Canada,” a spokesman stated in an e mail.

Gustafsson’s exit shocked Volvo’s retailers, who appreciated the manager’s straight-shooter strategy.

“The dealers are sick about it; they don’t understand it,” a seller stated. “In your lifetime, you come across very few charismatic leaders that can lead and deliver, and [Gustafsson] is one of them.”

Cottone’s elevation comes at a essential juncture for the enterprise.

As Volvo pivots to an all-electric model by 2030 and experiments with a brand new gross sales mannequin, Cottone faces a seller community nonetheless determining what the brand new technique means for his or her enterprise.

The Swedish automaker has laid out a method to promote battery-powered fashions on-line by way of volvocars.com and seller web sites — a prospect that has made some retailers nervous.

While the pandemic and provide shortages have been good for retailer margins, the brand new 12 months brings change. Cottone and his group must navigate financial headwinds as inflation and rates of interest chunk into demand for big-ticket luxurious automobiles.

In 2021, Volvo Cars stated it deliberate to promote its battery-electric automobiles by way of an internet mannequin and ship them to dealerships slightly than having retailers inventory lots of of recent automobiles.

Meanwhile, Cottone should execute on the model’s aggressive product rollout whereas sustaining the model’s present market momentum.

Source: www.autonews.com

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Bhagyashree Soni
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Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.

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