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Tony Nicolosi named CEO of Volvo Cars North America

Volvo announced today that it has named Tony Nicolosi, president and CEO of Volvo Car Financial Services VCFS), as the new CEO of Volvo Cars of North America (VCNA). Nicolosi replaces John Maloney, who chose to leave due to family obligations after Volvo offered him a position in Europe.
Volvo says Nicolosi will remain president and CEO of VCFS while he assumes VCNA's top position. The Swedish automaker also says a "permanent successor [to Maloney] as President and CEO will be the subject of a later announcement."
The move comes as part of a management shakeup that's part of a "larger transformation taking place at Volvo," the automaker says.

This is Volvo's awesome S60 V8 Supercar entry [w/video]

Australian auto news has been dire for the last several months with all three automakers that build there announcing they would stop production within the next three years. But Volvo is providing a shot of excitement with the unveiling of its new S60 racecar for the upcoming season of the Australian V8 Supercar series.
The Volvo S60 racecar will use a 5.0-liter, naturally aspirated V8 based on Volvo's B8444S production engine that will be tuned to produce roughly 650 horsepower on E85 ethanol. Power will get to the ground via a six-speed sequential transmission, and it will be able to reach 62 miles per hour in 3.2 seconds and a top speed of 185. All cars in the series use common parts for the chassis, transaxle, and rear suspension.
Volvo's Polestar performance arm will campaign two of the S60 racers this season. While Volvo might seem like an odd inclusion into Australian racing, it actually has quite a successful history. It won the 1986 Australian Touring Car Championship in a 240 and won the Bathhurst 1000 race in 1998 in an S40. Polestar is not new to racing either, having been racing Volvos around the world since 1996.

Volvo reveals V60 Cross Country ahead of LA

Volvo is bringing a model to the Los Angeles Auto Show that isn't afraid to get a little dirty. The Swedish automaker will finally unveil its V60 Cross Country crossover, and it has confirmed that the model will be available in North American markets shortly.
The Cross Country takes Volvo's standard V60 compact wagon and injects a little more off-road capability and visual flavor into the platform. US and Canadian models will arrive with Volvo's 250-horsepower, five-cylinder engine with a standard automatic transmission and all-wheel drive. The company says the powertrain should get around 23 miles per gallon fuel economy on the combined cycle.
To be ready to go just a little bit off the beaten path, the suspension sits about 2.6-inches higher than the regular version. The body is also equipped with skid plates in the front and rear, side scuff plates, fender extensions and exhaust outlets integrated into the rear bumper. Hill Descent Control will also augment capability, as well.