C30 Green Racing

5th December 2007: Volvo Car Corporation has decided to develop a completely new racing car and to continue its work with bioethanol (E85) and Green Racing in the STCC (Swedish Touring Car Championship) for three more years.

 "Our decision is based on the positive attention and the good results that the recently concluded STCC season has meant for Volvo's brand," says Derek Crabb, head of Powertrain and Engine at Volvo Cars and the man recently appointed to lead Volvo's Racing department.

"It is now time to take the next step for the coming STCC seasons, and to meet the growing international interest in green racing", says Derek Crabb.

Volvo Cars will do this by developing a new and modern green racing car based on the Volvo C30. The C30 is the model that most clearly demonstrates Volvo's environmental technology on the market, with versions such as the Flexifuel and the upcoming 1.6D Efficiency. The Volvo 1.6D Efficiency has an average fuel consumption of 0.45 litres per 10 km (52 mpg-US/62 mpg-UK) and CO2 emissions under 120 grams per kilometre.

"The decision to leave this year's racing car, a Volvo S60, was fairly simple. The Volvo C30 is a somewhat smaller and more agile car with excellent driving characteristics, even in the standard version," says Derek Crabb.

"Development of the new racing car will be done jointly by Volvo Cars and Polestar Racing, who has successfully handled our participation in STCC for several years. However, it is currently too soon to provide any detailed information about the construction of the new car. The objective, on the other hand, is crystal clear - we will develop a winning car," Derek Crabb concludes.

-Ends-

About Volvo:
The Volvo Group has its origin in 1927 when the first Volvo car rolled off the production line at the factory in Göteborg, Sweden. The brand Volvo has come a long way since then, covering about 100 countries, comprising some 2400 sales outlets and service workshops around the world, including about 1500 in Europe and 400 in North America. The brand Volvo exudes road safety, quality, excitement and environmental control. Being the pioneers of technologies such as dual-stage airbags, seat-belt pretension and the innovative BLIS (Blind Spot Information System) has enhances the brands own vision to "be the world's most desired and successful premium car brand", aiming to "create the safest and most exciting car experience for modern families".

For more information on this release please contact:
Mehr Amin
PR Account Executive
Memac Ogilvy PR, Dubai
Office: +971-4-3050328
Fax:    +971-4-3050255
E-mail:mehr.amin@ogilvy.com

© Press Release 2007