Tag: Volvo

German FAZ: EU Commission imposed millions of fines against 15 car manufacturer009087

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 manufacturer009087

Daimler Truck to launch semi-public European charging network

In an effort to alleviate Europe’s current deficit in charging points and charging capacity for heavy commercial vehicles, Daimler Truck plans to enable its TruckCharge customers to open their charging infrastructure for external, paid use, starting in the third quarter of 2025.  Plans include offering a system for planning, booking and reservation, along with additional… Continue reading Daimler Truck to launch semi-public European charging network

Automakers jump on Tesla’s brand woes with discount EV offers

Tesla trade-ins in the U.S. are at an all time high as some owners become disillusioned with Elon Musk’s politics, and some just want to avoid their car getting keyed by Musk haters.  Automakers are pouncing on the opportunity. Polestar, Lucid Motors, Volvo, and Ford — which have long trailed Tesla in EV sales —… Continue reading Automakers jump on Tesla’s brand woes with discount EV offers

Håkan Samuelsson returns to scene of his redemption in bid to revive Volvo

$75 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT… Continue reading Håkan Samuelsson returns to scene of his redemption in bid to revive Volvo

Trump’s 25% auto tariffs are in effect. What investors need to know

Vehicles seen on the lot of a Ford auto dealership in Montebello, California on April 1, 2025. Frederic J. Brown | Afp | Getty Images DETROIT — President Donald Trump‘s 25% tariffs on imported vehicles to the U.S. have taken effect, but the impacts of the new levies on investors and the global automotive industry… Continue reading Trump’s 25% auto tariffs are in effect. What investors need to know

Auto giants surprisingly resilient as sweeping U.S. tariffs spare Canada and Mexico for now

The Stellantis Windsor Assembly Plant in Windsor, Ontario, Canada, on Tuesday, Feb. 4, 2025. Bloomberg | Bloomberg | Getty Images Shares of some of the world’s biggest automakers appeared surprisingly resilient on Thursday, even after U.S. President Donald Trump’s 25% tariffs on foreign auto imports came into effect. Germany’s Volkswagen, Mercedes-Benz Group and BMW were… Continue reading Auto giants surprisingly resilient as sweeping U.S. tariffs spare Canada and Mexico for now

German FAZ: EU Commission imposed millions of fines against 15 car manufacturers009082

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 manufacturers009082

Greenlane and Volvo partner to offer charging for medium- and heavy-duty electric trucks

Commercial EV charging network developer Greenlane Infrastructure (a joint venture whose owners include Daimler Truck North America) has partnered with Volvo Trucks North America to integrate Greenlane’s charging network into the Volvo Open Charge service. Greenlane is Volvo’s first Charge Point Operator (CPO) partner in the North American market. Greenlane will enable real-time access to… Continue reading Greenlane and Volvo partner to offer charging for medium- and heavy-duty electric trucks

“Customers Swear by Their Quality—We’ll Bring Scale, Capital, and Integration” — Arvind Goel on Recent IAC Acquisitions

In a strategic move aimed at strengthening its global footprint in the rapidly evolving automotive interiors sector, Tata AutoComp Systems Ltd. has acquired the assets of IAC Sweden and IAC Asterix UK. The acquisitions mark a significant push into the premium segment of vehicle interiors, expanding the company’s customer base and opening new avenues for… Continue reading “Customers Swear by Their Quality—We’ll Bring Scale, Capital, and Integration” — Arvind Goel on Recent IAC Acquisitions