Gagandeep Singh Gandhok, the Senior Vice President of HD Truck Business at Volvo Eicher Commercial Vehicles (VECV), believes that the industry sales volume for heavy duty trucks is likely to touch 2,75,000–2,80,000 units by the end of FY24. In comparison, 2,4,7858 units of heavy-duty trucks (more than 18.5 tonnes) were sold in FY23.He was expressing… Continue reading India’s heavy duty truck sales projected to reach 2,75,000-2,80,000 units by FY24-end amidst mining and infra expansion
Tag: Geely
Sports carmaker Alpine wants to reinvent itself, and Geely might help foot the bill
A290 French automaker Renault is looking to investors, including China’s Geely, to funnel some cash into its Alpine racing and sports car brand. Alpine, best known for its A110 sports coupe, is looking to reinvent itself as an all-around player in the EV space with a line of all-electric hatchbacks, SUVs, and crossovers. The brand… Continue reading Sports carmaker Alpine wants to reinvent itself, and Geely might help foot the bill
Volvo shares tumble 14% to record low as Chinese owner Geely sells off stock
Volvo vehicles seen outside a Volvo dealership in Edmonton, on October 26, 2023, in Edmonton, Alberta, Canada. Artur Widak | Nurphoto | Getty Images Volvo Cars shares tumbled as much as 14% on Friday morning after its parent company Zhejiang Geely Holding Group began a sale of around 100 million shares of the Swedish carmaker. Shares… Continue reading Volvo shares tumble 14% to record low as Chinese owner Geely sells off stock
From Guangzhou to Los Angeles, Automakers Dazzle With AI-Powered Vehicles
Good news for car lovers: Two acclaimed auto shows, taking place now through next week, are delighting attendees with displays of next-generation automotive designs powered by AI. Hundreds of thousands of auto enthusiasts worldwide are expected to visit Guangzhou, China — known as the city of flowers — to attend its auto show, running through… Continue reading From Guangzhou to Los Angeles, Automakers Dazzle With AI-Powered Vehicles
Volvo Cars shares drop to record low as Geely trims stake
OSLO (Reuters) — Shares of Swedish automaker Volvo Cars fell 14% on Friday as its majority shareholder, China’s Geely, sold a small part of its stake at a deep discount to the previous day’s closing price. Geely on Thursday launched a placing of 100 million Volvo Cars shares, which the deal’s bookrunners said after the… Continue reading Volvo Cars shares drop to record low as Geely trims stake
Volvo Cars shares drop to record low as Geely trims stake: Report
Shares of Swedish automaker Volvo Cars (VOLCARb.ST) fell as much as 14% to a record low on Friday after its majority shareholder, China’s Geely (0175.HK), sold a small part of its stake at a deep discount to the previous day’s closing price, Reuters noted. The sale of the 3.4% stake leaves Geely with a holding… Continue reading Volvo Cars shares drop to record low as Geely trims stake: Report
Volvo shares sink after Geely cuts stake
What is included in my trial? During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Premium Digital includes access to our premier business column, Lex, as well… Continue reading Volvo shares sink after Geely cuts stake
New Volvo EM90: all-electric business class MPV revealed in full
Considering Volvo’s rich history of practical, boxy family cars, it’s perhaps surprising that the Swedish manufacturer has never delved into the world of MPVs – well, that’s all changed thanks to the new Volvo EM90. The EM90 is the third all-electric ‘E’ badged Volvo to come along in the past year, following on from the… Continue reading New Volvo EM90: all-electric business class MPV revealed in full
New Volvo XC60 Black Edition turns to the dark side
The Volvo XC60 is upping the style by including a new Black Edition model in its family-friendly SUV range. As the name suggests, the XC60 Black Edition is only available in Onyx Black, with the ink-like paint complimented by a gloss black grille and black Volvo lettering, badges and signature ironmark logo. The 21-inch alloy… Continue reading New Volvo XC60 Black Edition turns to the dark side
How a 50-year-old Volvo became a Hot Wheels legend
If you’re into cars, then diecast models are likely to have been a major inspiration in early life. Enthusiasts of a certain vintage will have collected Dinky Toys, and later came Matchbox and Corgi Toys, but in 1968 an American upstart arrived in the shape of Hot Wheels. Founded by US toy giant Mattel, Hot… Continue reading How a 50-year-old Volvo became a Hot Wheels legend