Klaus Zilmer to lead Volvo in 2027

Volvo Cars has announced the appointment of Klaus Zilmer as the new Chief Executive Officer, with him expected to assume the position by October 1, 2027. Zilmer, aged 59, brings extensive experience from German automakers such as Porsche and Volkswagen. His appointment comes at a time when Volvo faces significant challenges, including declining sales in China, increasing competition from Chinese companies, and high costs associated with the transition to electric and hybrid vehicles. This move follows Håkan Samuelsson’s temporary reappointment as CEO, as part of a major expansion plan through 2030, which includes launching 13 new models with the goal of doubling market share and increasing the company's profit margin to over 8%.

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