Tag: Geely

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

Top BofA auto analyst says Detroit automakers need to exit China as soon as possible

Employees on the assembly line produce cars in Mazda’s “Family” line of vehicles at China First Automobile Works (FAW) Group Haima Automobile Co., Ltd. April 6, 2005 in Haikou, Hainan Province, China. China Photos | Getty Images DETROIT – The traditional Detroit automakers – General Motors, Ford Motor and Stellantis – should exit the Chinese… Continue reading Top BofA auto analyst says Detroit automakers need to exit China as soon as possible

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

Waabi Raises $200M USD in Series B Funding

Waabi, a Toronto, Canada-based company advancing generative AI for the physical world, raised $200m (USD) in Series B funding. The round was led by Uber and Khosla Ventures with participation from strategic investors NVIDIA, Volvo Group Venture Capital, Porsche Automobil Holding SE, Scania Invest and Ingka Investments, and additional financial investors HarbourVest Partners, G2 Venture… Continue reading Waabi Raises $200M USD in Series B Funding

Volvo V60 and V90 return to UK in shock estate comeback

Volvo is bringing its estate cars back to the UK, having taken them off sale last year to focus on SUVs. Autocar has found details of new UK-bound variants of the Volvo V60 and Volvo V90, which are due back on sale imminently, due to a resurgence in demand for estate cars.  Their saloon equivalents,… Continue reading Volvo V60 and V90 return to UK in shock estate comeback

Waabi’s genAI promises to do so much more than power self-driving trucks

For the last two decades, Raquel Urtasun, founder and CEO of autonomous trucking startup Waabi, has been developing AI systems that can reason as a human would.  The AI pioneer had previously served as the chief scientist at Uber ATG before launching Waabi in 2021. Waabi launched with an “AI-first approach” to speed up the… Continue reading Waabi’s genAI promises to do so much more than power self-driving trucks

Volvo CE India to double market share in 20-tonne excavator segment

Volvo Construction Equipment (Volvo CE) India aims to more than double its market share in the 20-tonne excavator segment. The company, which currently has a 4% share, is betting big in this segment, given its size.  Excavators represent the second-largest product category in India’s construction equipment sector, accounting for roughly 30,000-35,000 units annually out of… Continue reading Volvo CE India to double market share in 20-tonne excavator segment