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CORRECTED-Volvo to launch first new car with Geely in late 2014-CEO
March 27, 2013 / 1:20 PM / 5 years ago

CORRECTED-Volvo to launch first new car with Geely in late 2014-CEO

(Corrects name of Volvo parent company In first paragraph)

NEW YORK, March 27 (Reuters) - Swedish automaker Volvo Car will introduce its first all-new vehicle as a unit of China’s Zhejiang Geely Holding Group Co Ltd in late 2014, Volvo Chief Executive Hakan Samuelsson said on Wednesday.

The new model will be a successor to the Volvo XC90 crossover vehicle, Samuelsson told Reuters on the sidelines of the New York auto show.

Volvo is also jointly developing with Geely a new compact platform. A platform is a common underpinning that is generally used on several different vehicle models. (Reporting by Paul Lienert in New York; Editing by Gerald E. McCormick)

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