Volvo announces record profits for 2017 and signs mega deal with Uber

  • Facebook
  • Twitter
  • G+
  • Mail
  • Pinterest
  • LinkedIn
  • Facebook
  • Twitter
  • G+
  • WhatsApp
  • Pinterest
  • LinkedIn
SUV line-up: The Volvo fleet

Volvo Cars, has reported a 27.7% increase in operating profit in 2017, a company record $1.746 billion compared to $1.367 billion in 2016, thanks to global sales of 571,577 cars.

The results underline the transformation of Volvo’s finances and operations in recent years, positioning the company for its next growth phase. Global sales rose 7% during the year, underpinned by a 25.8% increase in China, Volvo Cars’ largest individual market.

For Middle Eastern markets, despite sales across all manufacturers in the premium segment dropping by 12%, Volvo Cars retained its position with 1,196 vehicles sold across the region. The XC60 became Volvo Cars’ best-selling model followed by XC90. These two models represented 63% of Volvo Cars sales.

All new: Volvo XC40

All new: Volvo XC40

With order numbers from Europe and the Asia-Pacific region indicating that the XC40 is very well received, its arrival in the Middle East is expected to further boost Volvo Cars’ sales in the region. Traditionally a market with a strong appetite for the premium compact and premium SUV segments. Jesus Fernandez de Mesa, Managing Director of Importers EMEA said, “The XC40, our first ever small premium SUV completes our global SUV line-up and takes the brand into a new direction.”

2017 was an important year for Volvo Cars, as the company launched new models, developed partnerships in important areas and unveiled a global electrification strategy.

The firm also launched the new XC60 and the company’s first-ever compact SUV – the XC40. The XC40 launch also coincided with the introduction of a new model of car access via the company’s brand new ‘Care by Volvo’ premium subscription service.

In July, the firm announced it would place electrification at the core of its future business, stating that every car it launches from 2019 will have an electric motor. In a further commitment to electrification it launched Polestar, a new stand-alone electrified car brand fully consolidated within the Volvo Car Group. Volvo also signed a framework agreement with ride-hailing company Uber to sell it tens of thousands of autonomous driving compatible base cars between 2019 and 2021.

Most popular

Related Sections

Chris Eubank Jr on a mission to prove he is simply the best

Nick Watkins 15/02/2018
  • Facebook
  • Twitter
  • G+
  • Mail
  • Pinterest
  • LinkedIn
  • Facebook
  • Twitter
  • G+
  • WhatsApp
  • Pinterest
  • LinkedIn
On a mission: Chris Eubank Jr

For Chris Eubank Jr, Saturday’s clash with British rival George Groves is merely a step on his path to greatness – a path he has planned meticulously and with a razor sharp determination to be the best in the world. When the two step into the ring on Saturday night in Manchester, both Eubank Jr’s IBO strap and Groves’ WBA title will be on the line in a highly anticipated grudge match, which is also the semi-final of the World Boxing Super Series tournament – the winner facing either fellow-Brit Callum Smith or Germany’s Juergen Braehmer in the final later in the year.

While he’s not looking past George Groves, Eubank Jr sees nothing other than a win coming his way, but is not taking any chances. “If I knock him out in the first second of the first round it’s still not an easy night, because of all the punishment and sacrifice I’ve had to go through to get to this stage, so no I don’t expect it to be an easy night,” he told Sport360°. “I do expect to be completely dominant in the fight and to get the victory. I know myself what George is capable of and I don’t think there’s anyway he will be able to survive twelve rounds with me.”

Rivals: WBA champ George Groves and IBO king Chris Eubank Jr

Rivals: WBA champ George Groves and IBO king Chris Eubank Jr

Under the watchful eye of his illustrious father, Chris Eubank Snr, Eubank insists his dedication to the sport can only see him reach the top of the game. It is his belief that nobody in his division is working harder than him with traditional pre-fight camp schedules thrown out of the window as the Brit does things his way.

“I prefer to just live the life of a champion, I train everyday in some way shape, or form, I don’t wait to be given a fight date to prepare,” says the IBO king. “Whether it’s mentally or physically, I do some form of exercise everyday. I’ve been training intensely since the age of fourteen. When you live the life of a champ things can get stale so it’s good to switch things around. “I break things up by doing morning or evening runs, some yoga or a strength and conditioning class. I change things in the evenings by running on the beach or hill sprints. It’s my decision what I do, I plan out a week in advance but if a body part is feeling fatigued then obviously I’ll work something else.”

At 28, the Brighton-born boxer is at the stage in his career where a marquee name on his record is needed to get him the mega fights he says he’s destined for. Despite Eubank’s IBO title is the lesser-recognised of the world titles and was won against Australia’s Renold Quinlan, leaving most needing convincing Eubank Jr should be considered in the elite bracket of fighters.

Since a loss to rival Billy Joe Saunders in 2014, Jr has remained unbeaten, winning his last eight fights – including a convincing win over seasoned veteran Arthur Abraham. His overall record now stands at 26-1. In his head, Eubank had his route to the top already mapped out, with plans of defeating fellow Brit James DeGale for the IBF super middleweight belt following the tournament. However, DeGale’s surprising defeat to the un-fancied Caleb Truax in December soon put paid to that idea. Nevertheless the slanging match between the two continues via social media, as well as during our chat with the IBO champion. “DeGale is an embarrassment” Eubank Jr affirms. “That last fight was a let down to British boxing, especially after all the trash talk leading up to the fight. To then go and perform like he did is unforgivable. Now he’s got no belt so I’m already ahead of him. I’m the champion and he’s nothing, an average fighter beat him. He was number one on my radar after this tournament because he had the belt and the public wanted to see that fight, but now he’s screwed it all up with that performance.”

Shock defeat: James DeGale no longer holds a title

Shock defeat: James DeGale no longer holds a title

Despite the simmering rivalry, Eubank Jr maintains he didn’t enjoy seeing the Olympic gold medallist lose. “What DeGale needs to do now is get back in the ring with that same guy and try and win his belt back and we can talk about a potential match up. You can’t go from a loss like that and demand a big fight, so he’s got to rebuild. I don’t like DeGale but I wanted him to win because I wanted to beat him and win that belt. But he’s ruined it now. If he can get his belt back then the fight will be of interest again.” Whatever the outcome against Groves, Eubank Jr will be in no mood to rest on his laurels. Rather than find an excuse to celebrate, he chooses to knuckle down and focus on the next fight rather than toast a win. That has been his way since his teens, with boxing being his sole focus – and success being the only thing he measures himself by.

This is difficult when you have a father who climbed to the peak of the Super Middleweight mountain, becoming a household name in the glory days of the division on the British boxing scene. While Eubank Snr never made the transition across the Atlantic, comparisons between him and Jr are always going to be made.

At this stage in this career though, regardless of rankings and titles, if Eubank Jr is to eclipse his father’s achievements, he has to start becoming a household name in his own right, and the only way to do that is beat the big names in his division. The next step on that journey is on Saturday night – and he can’t afford to stumble.

Most popular

Related Sections

Russian MMA promises less show and more fighting with Absolute Championship Berkut 81

Nick Watkins 14/02/2018
  • Facebook
  • Twitter
  • G+
  • Mail
  • Pinterest
  • LinkedIn
  • Facebook
  • Twitter
  • G+
  • WhatsApp
  • Pinterest
  • LinkedIn
Main event: Aslambek Saidov

Mixed Martial Arts is heading to the UAE with Absolute Championship Berkut 81 taking place at The Dome, Sports City. ACB, the leader in Russian martial arts is live in Dubai for the very first time, featuring a packed card with the experienced Roan Cornero taking on the number two-ranked ACB welterweight Aslambek Saidov. The co-main event also features Great Britain’s Luke Barnatt, who fans will recognise from the UFC’s Ultimate Fighter, taking on the hard-hitting Maxim Futin.

The event, which is fully supported by the Dubai Sports Council, features over 24 fighters in competitive bouts. Fans will get to see a range of fights from different weight classes, with the winner of the Cornero v Saidov headline attraction will likely earn a shot at the welterweight title. Britain’s Barnatt is making the permanent move to light-heavyweight while the card also sees action in the flyweight division, including the highly anticipated return of Yoni Sherbatov as he takes on Josiel Silva.

Ex-UFC: Luke Barnatt

Ex-UFC: Luke Barnatt

The ABC’s stop in the UAE is sandwiched between tournaments in Russia and Brazil as the organization looks to increase its worldwide profile, having already put on events in the UK, Poland, Georgia and Tajikistan. The company prides itself on focusing more on the fighting side of the sport, rather than the more flamboyant elements associated with the UFC, in turn, giving mixed martial arts fans more of the sport they love. The promotion held it’s first recognized event back in 2010 but began numbering the events in 2014 to push the brand higher in the MMA market.

Luke Barnatt has experience in the UFC, making his debut in 2013, having appeared on The Ultimate Fighter, where he reached the semi finals, earlier that year. He won his debut fight via unanimous decision. He fought five more times in the UFC, losing three times, before being released by the promotion in 2015. After fighting around independent promotions following the UFC he made his ACB debut in March last year.

Headliner Roan Carneiro also has UFC experience having made his debut with a win in 2007. He would fight four more times – winning once – before being released from the company. However, the Brazilian made a UFC comeback, against Ryan LeFlare, last year, losing the bout via unanimous decision. ACB 81 will be his first bout back since the defeat as he looks to get back to winning ways.

ACB 81 – FIGHT CARD:

  1. Welterweight: ASLAMBEK SAIDOV (Poland) – ROAN CARNEIRO (Brazil)
  2. Light heavyweight: MAXIM FUTIN (Russia) – LUKE BARNATT (UK)
  3. Middleweight: ABDUL-RAKHMAN DZHANAEV (Russia) – LEANDRO BATATA (Brasil)
  4. Flyweight: YONI SHERBATOV (Canada) – JOSIEL SILVA (Brazil)
  5. Flyweight: NAREK AVAGYAN (Armenia) – ISAAC PIMENTEL (Brazil)
  6. Featherweight: ISLAM ISAEV (Russia) – THIAGO LUIS SILVA (Brazil)
  7. Welterweight: RAMAZAN KURAMAGOMEDOV (Russia) – GEORGI VALENTINOV (Bulgaria)
  8. Lightweight: BAZ MOHAMMAD MUBARIZ (Afghanistan) – IAIN FEENAN (Scotland)
  9. Bantamweight: MAHARBEK KARGINOV (Russia) – FRANCISCO MACIEL (Brazil)
  10. Heavyweight: TANNER BOSER (Canada) – DJ LINDERMANN (USA)
  11. Lightweight: AHMED WALI HOTAK (Afghanistan) – TBA
  12. Featherweight: KHASEIN SHAIKHAEV (Russia) – DIEGO LOPES (Brazil)
  13. Featherweight: KADIR DALKIRAN (Turkey) – SHOAIB YOUSAF (UK)
*FIGHT CARD SUBJECT TO CHANGE

What: Absolute Championship Berkut 81
Where: The Dome, Dubai Sports City
When: February 23.
Contact: acbmma.com/en/tickets

Most popular

Related Sections