“Volvo has been in operation since 1927. Today, Volvo Cars is one of the most well-known and respected car brands in the world with sales of 427,000 in 2013 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding (Geely Holding) of China since 2010. It formed part of the Swedish Volvo Group until 1999, when the company was bought by Ford Motor Company of the US. In 2010, Volvo Cars was acquired by Geely Holding. As of December 2013, Volvo Cars had over 23,000 employees worldwide.”
Volvo needed a re-design of the iron mark, optimized for communication and versatile for all types of applications. The logo has been simplified in its purest form and conveys the brand’s vision; to be the world’s most progressive and desirable premium car brand.
Although it's one of the biggest car brands, the update to Volvo's logo lands in Noted instead of Reviewed since there aren't many supporting images and it's not a drastic change. Also, the critique is minimal: Much better! Moving away from the heavier chrome look into a matte finish makes the logo far more elegant and moving the type inside the ring makes it more integrated. The difference between the Volvo Cars and AB Volvo logo is so minimal I question why it was necessary — it's bound to create confusion and wrong usage.
Thanks to David Isaksson for the tip.