AB Volvo (publ) VLVLY shares have rallied 7.5% since the beginning of the year, but has continued to retrench employees to weather the storm that the Trump tariff measures have dragged the automotive industry into. On Saturday, a Volvo Trucks North America spokesperson stated that up to 350 employees at the company’s New River Valley,… Continue reading Volvo Lays Off Another 350 Employees at New River Valley
Tag: Volvo
Volvo CE Expands North India Presence with Time Equipment Partnership
Volvo Construction Equipment (Volvo CE) announced a dealer partnership with Time Equipment Pvt. Ltd to serve the North India market, covering Delhi NCR, Haryana, Uttar Pradesh (including NCL Singrauli), and Uttarakhand regions. The partnership, formalized at the inauguration of Time Equipment’s Faridabad Dealership Head Office on April 21, aims to enhance Volvo CE’s customer outreach… Continue reading Volvo CE Expands North India Presence with Time Equipment Partnership
Aavishkaar Capital Invests INR 43 Crores in Poshs Metal Industries
Aavishkaar Capital has invested INR 43 Crores (USD 5 million) in Poshs Metal Industries Private Limited, a company specializing in the processing of auto-grade flat steel. The funding comes from Aavishkaar’s USD 220 Million Global Supply Chain Support Fund, marking its seventh investment. The investment will support Poshs Metal’s expansion into Aurangabad, where the company… Continue reading Aavishkaar Capital Invests INR 43 Crores in Poshs Metal Industries
Is Elon Musk really putting EV buyers off Tesla?
After a turn around the block and back at the showroom, my first conversation was with a chap considering a Model 3. His company car, a Volkswagen Passat GTE estate, is about to be returned, and he thought he’d go electric to save tax. “I’ve driven a BYD Seal but it felt too Chinese and… Continue reading Is Elon Musk really putting EV buyers off Tesla?
Volvo to cut up to 800 US jobs as Trump’s tariffs bite
Volvo Group’s lay-offs are the latest response from a car and truck industry that is reeling from the Republican president’s tariffs on certain parts, which is expected to increase the cost of manufacturing vehicles. Volvo Group plans to lay off as many as 800 workers at three U.S. facilities over the next three months due… Continue reading Volvo to cut up to 800 US jobs as Trump’s tariffs bite
CV Show 2025 Preview: Part Three
With hundreds of exhibitors as well as key decision-makers from leading fleet operators in attendance, the Commercial Vehicle Show at Birmingham’s NEC between April 29 and May 1, is again set to be the most important industry event of the year. More than 15,000 people attended the show last year, which, as always, brought together… Continue reading CV Show 2025 Preview: Part Three
German FAZ: EU Commission imposed millions of fines against 15 car manufacturers009199
The European Commission has imposed millions in terms of millions against 15 car manufacturers due to a cartel in connection with recycling, scrapped vehicles. The VW Group has to pay the highest fine with around 128 million euros, as the Commission announced on Tuesday. Mercedes had disclosed the cartel in Brussels and therefore escapes a… Continue reading German FAZ: EU Commission imposed millions of fines against 15 car manufacturers009199
Volvo S90 gets new look and interior update
The Volvo S90 has been updated with a fresh face, upgraded interior technology and extra electric range for the plug-in hybrid version. Visual changes include a new front grille, which matches those on the revised XC90 and XC60 SUVs, as well as sharper-looking lighting signatures front and rear, bringing it into line with the new… Continue reading Volvo S90 gets new look and interior update
@Geely-Volvo: Meet the new Volvo S90 – the finest version of our luxury hybrid sedan yet
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German FAZ: EU Commission imposes millions of fines against 15 car manufacturers009177
The European Commission has imposed millions in terms of millions against 15 car manufacturers due to a cartel in connection with recycling, scrapped vehicles. The VW Group has to pay the highest fine with around 128 million euros, as the Commission announced on Tuesday. Mercedes had disclosed the cartel in Brussels and therefore escapes a… Continue reading German FAZ: EU Commission imposes millions of fines against 15 car manufacturers009177