It's likely that in the last week you have seen this video. After watching the video, I'm sure that most would agree that it is a great advertisement. But there are two points in Volvo's handling of this that go beyond just a great ad.
1. TRANSPARENCY
My initial reaction to this video was that it couldn't have been exactly as it appears. That there had to be some sort of trickery. Volvo, for their part, said that the stunt was real, but there were plenty of safety lines that could not be seen in the finished ad to protect Van Damme. By revealing this safety precaution, Volvo manages to make sure nobody feels that they are trying to pull one over of their audience and does not take anything away from the impact of the stunt.
2. DRIVING VIEWERS TO THE WEBSITE
The advertisement is about Volvo technology: Volvo Dynamic Steering. But Volvo has taken advantage of YouTube to create a video that went viral on social media, yet gave no detail about the specifics of the technology. Instead, they created awareness and curiosity that would presumably drive viewers to the Volvo website or dealerships for more information. In all, a great use of social media for technological innovation.