Geely – Page 19 – I wish I had more to offer

DAF truck maker accused of ‘stringing out’ hauliers’ legal case for compensation

An assembly line for electric trucks in the DAF site in Eindhoven, Netherlands. Photograph: Hollandse Hoogte/Shutterstock View image in fullscreen An assembly line for electric trucks in the DAF site in Eindhoven, Netherlands. Photograph: Hollandse Hoogte/Shutterstock DAF truck maker accused of ‘stringing out’ hauliers’ legal case for compensation Lawsuit by 11,000 claimants calling for £6,000… Continue reading DAF truck maker accused of ‘stringing out’ hauliers’ legal case for compensation

Too high costs: Volvo strokes 3,000 jobs in the administrative area

Volvo Cars announces the reduction of around 3,000 jobs, which results from the changed market conditions. ((Volvo,, Electric car))) Go to source

First pictures: Volvo XC70 PHEV offers 112 miles of EV range

The new Volvo XC70 plug-in hybrid has been outed ahead of its official debut, courtesy of new images published by China’s Ministry of Industry and Information Technology (MIIT). Earlier preview images gave a good idea of the reborn XC70’s design, confirming that it would morph from high-riding estate into full-blown SUV, but these new images… Continue reading First pictures: Volvo XC70 PHEV offers 112 miles of EV range

Republican vote against EV mandate felt like an attack on California

California has used that authority to build one of the world’s most powerful environmental agencies, the California Air Resources Board. There is little question that California leaders already see fossil fuels as a relic of the past. At the Southern California headquarters of the state’s powerful clean-air regulator, the centerpiece art installation depicts in limestone… Continue reading Republican vote against EV mandate felt like an attack on California

Sweden’s Volvo Cars to cut 3,000 jobs as part of major cost-cutting drive

Mikael Sjoberg | Bloomberg | Getty Images Sweden-based automaker Volvo Cars on Monday said it would cut around 3,000 jobs as part of a major cost-cutting drive. The move comes after the company, which is owned by China’s Geely Holding, announced an 18 billion Swedish kronor ($1.89 billion) cost and cash action plan late last… Continue reading Sweden’s Volvo Cars to cut 3,000 jobs as part of major cost-cutting drive

German Manager Magazin: BYD: Chinese electric car manufacturer tightened price war on China’s car market, stocks bend ein004213

After the announcement of massive discounts Byd on Monday in Hong Kong for a significant slump in Chinese electric car shares. The BYD share temporarily dropped by more than 8 percent, while competitors such as Li Auto, Great Wall Motor and Geely also had to accept losses of more than 5 percent. The triggering of… Continue reading German Manager Magazin: BYD: Chinese electric car manufacturer tightened price war on China’s car market, stocks bend ein004213

German Manager Magazin: Volvo Cars: 3000 administrative staff affected by job cuts.

The Swedish Carmaker Volvo Cars wants to delete about 3000 jobs in the course of its ongoing restructuring. The manufacturer, controlled by Chinese Geely Holding Donald Trump (78). “The automotive industry is in the middle of a challenging phase. In order to meet this, we have to improve our cashflow and structure our costs structurally,”… Continue reading German Manager Magazin: Volvo Cars: 3000 administrative staff affected by job cuts.

Chinese EV Stocks Tumble After BYD Slashes Prices as Much as 34%

(Bloomberg) — BYD Co (1211.HK). led Chinese electric vehicle stocks lower in Hong Kong on Monday, as investors digested the auto giant’s sweeping price cuts of as much as 34% late last week. Most Read from Bloomberg Shares of China’s No. 1 selling car brand tumbled as much as 8.3%, while peers Li Auto Inc… Continue reading Chinese EV Stocks Tumble After BYD Slashes Prices as Much as 34%

China auto stocks take a hit as BYD, Geely offer fresh incentives

Investing.com — Chinese car manufacturers saw their shares drop on Monday after industry leader BYD introduced new incentives for over 20 models and the CEO of Great Wall Motors expressed concerns about the health of the global automotive industry. Hong Kong-listed shares of BYD Co (SZ:002594) Ltd-H (HK:1211) Ltd saw an 8.6% drop at closing,… Continue reading China auto stocks take a hit as BYD, Geely offer fresh incentives