Tag: Volvo

Italian firm DR fined €6 million for misrepresenting Chinese cars

Italian car brands DR and Evo have been fined €6 million (£5.1m) for marketing Chinese cars as being made in Italy. The European nation’s competitions and markets authority, the AGCM, said in a statement that the brands’ parent company, DR Automobiles, had wrongly marketed Italy as the origin of its cars. The AGCM said the cars are actually produced… Continue reading Italian firm DR fined €6 million for misrepresenting Chinese cars

Plan to double market share in country: Volvo CE India MD

He said the CE sector in India is growing fast with the development of infrastructure. Volvo CE India, a subsidiary of the Swedish Volvo group, aims to double market share in the segments it operates in the country, a top company official said on Wednesday. “We are present in 40% of the earth moving and… Continue reading Plan to double market share in country: Volvo CE India MD

Volvo CE India eyes increased profitability on back of mass production of larger machines

Volvo Construction Equipment (Volvo CE) India, anticipates a boost in profitability on the back of mass production of larger machines and higher overall sales volumes. “I’m sure we will see much more profits ahead when we go into the mass market with bigger machines and more volumes of machines,” Dimitrov Krishnan, Managing Director of Volvo… Continue reading Volvo CE India eyes increased profitability on back of mass production of larger machines

Volvo CE India to increase revenue share from services business to 33%

Volvo Construction Equipment (Volvo CE) India is looking to increase its services business’ revenue share from 25% to 33% within a few years.  Dimitrov Krishnan, Managing Director of Volvo CE India said, “We would like to grow and make it one-third from just about one-fourth at present. It’s possible because customers are realising the value of services.”… Continue reading Volvo CE India to increase revenue share from services business to 33%

Shriram Automall, Volvo CE forge partnership to transform pre-owned construction equipment market

Shriram Automall India, an online and physical marketplace for pre-owned vehicles and equipment, has announced a strategic partnership with Volvo Construction Equipment (Volvo CE). The alliance aims to leverage SAMIL’s extensive Phygital auction platforms and comprehensive support services for the pre-owned construction equipment industry. Enhanced inventory management Volvo CE and its dealers will benefit from… Continue reading Shriram Automall, Volvo CE forge partnership to transform pre-owned construction equipment market

Uber, Khosla, Nvidia invest in $200 million funding round for autonomous trucking startup Waabi

Raquel Urtasun, Founder and CEO of Waabi. Courtesy: Waabi Autonomous trucking startup Waabi announced Tuesday it has raised $200 million in an oversubscribed Series B funding round led by existing investors Uber and Khosla Ventures. Waabi’s latest funding round also includes Nvidia, a new investor in the company, as well as Porsche and the venture capital… Continue reading Uber, Khosla, Nvidia invest in $200 million funding round for autonomous trucking startup Waabi