STOCKHOLM, Feb 3 (Reuters) – Sweden-based Volvo Car AB (VOLCARb.ST) said on Friday its sales increased by 2% year-on-year in January to 48,520 cars as sales tumbled in China due to public holidays. Volvo Cars, which is majority-owned by China’s Geely Holding (0175.HK), said the increase at group level was led by markets such as… Continue reading Untitled
Tag: Volvo
Tina Hultkvist to resign as Volvo Group Chief Financial Officer and member of the Executive Board
GOTHENBURG, Sweden, Feb. 3, 2023 /PRNewswire/ — Tina Hultkvist has decided to resign from her role as Volvo Group Chief Financial Officer and member of the Executive Board. She has 25 years of experience at Volvo Group and has served as the Volvo Group CFO since March 2022. Jan Ytterberg, previously Volvo Group Chief Financial Officer… Continue reading Tina Hultkvist to resign as Volvo Group Chief Financial Officer and member of the Executive Board
Off Highway Vehicle Engine Global Market Report 2022: Sector to Reach $54.12 Billion by 2027 at a CAGR of 6.26%
DUBLIN, Feb. 2, 2023 /PRNewswire/ — The “Off Highway Vehicle Engine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering. The global off highway vehicle engine market reached a value of US$ 37.59 Billion in 2021. Looking forward, the publisher expects the market to reach a… Continue reading Off Highway Vehicle Engine Global Market Report 2022: Sector to Reach $54.12 Billion by 2027 at a CAGR of 6.26%
Carmakers aiming to leap forward
Customers examine a Hongqi SUV at a shopping mall in Tianjin on Jan 26. [Photo by Li Fusheng/China Daily] Editor’s Note: China is the world’s largest and most dynamic vehicle market, where established marques and startups vie to roll out new models. Chinese car consumers probably have the greatest know-how of cutting-edge vehicle-related smart technology,… Continue reading Carmakers aiming to leap forward
Outlook on the SUV Global Market to 2027 – Need for Premium Vehicles and Rising Acceptance for SUVs Driving Growth
DUBLIN, Feb. 2, 2023 /PRNewswire/ — The “SUV Market Size, Trends and Growth opportunity, By Type, By Propulsion, By EV Type, By Size, By Seating Capacity, By Price Range, By Class By Application, Regional Outlook, Competitive Market Share & Forecast, Global Forecast till 2027.” report has been added to ResearchAndMarkets.com’s offering. The Global SUV Market was… Continue reading Outlook on the SUV Global Market to 2027 – Need for Premium Vehicles and Rising Acceptance for SUVs Driving Growth
VECV reports 32% jump in January 2023 sales to 7181 units
Volvo Eicher Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, sold 7181 units in January 2023, up 32.1% from 5434 units in January 2022. This comprises 6992 Eicher brand vehicles and 189 Volvo brand vehicles. In terms of sales volume, the company noted in a statement that Eicher branded trucks and… Continue reading VECV reports 32% jump in January 2023 sales to 7181 units
Peugeot 208 is Europe’s best-seller in 2022, new car market in third straight year of decline
Peugeot 208 is Europe’s best-seller in 2022, new car market in third straight year of decline The European new car market recorded another year-on-year decline in 2022. According to JATO Dynamics data for 30 markets (EU-26 + UK, Norway, Switzerland, and Iceland), volume totalled 11,309,310 units, down by 4.1% when compared to 2021, and the… Continue reading Peugeot 208 is Europe’s best-seller in 2022, new car market in third straight year of decline
Electric vehicle market size to grow by 25,927.15 thousand units from 2022 to 2027: A descriptive analysis of covid recovery, vendor assessment, and market dynamics – Technavio – Yahoo Finance
NEW YORK, Jan. 25, 2023 /PRNewswire/ — The global electric vehicle market size is estimated to increase by 25,927.15 thousand units from 2022 to 2027. The market’s growth momentum will accelerate at a CAGR of 37.45% during the forecast period. The outbreak of COVID-19 worldwide also affected this sector in 2020. Automotive production in Q1 2020… Continue reading Electric vehicle market size to grow by 25,927.15 thousand units from 2022 to 2027: A descriptive analysis of covid recovery, vendor assessment, and market dynamics – Technavio – Yahoo Finance
German Manager Magazine: Christian Malorny: Why German car brands have to become more Chinese002289
Ten years ago, Ferdinand Piëch, father of the Volkswagen empire, wanted to know how Great Wall and other Chinese brands could put snazzy $15,000 SUVs on the road. We dismantled the vehicles and were amazed at the high perceived value in terms of workmanship and design; and at a cost that is 50 percent lower… Continue reading German Manager Magazine: Christian Malorny: Why German car brands have to become more Chinese002289
Geely’s Lotus going public via SPAC at $5.4 billion valuation
Lotus Technology, the electric-car maker owned by China’s Zhejiang Geely Holding Group Co., agreed to merge with a blank-check company in a transaction that values the combined entity at about $5.4 billion. L Catterton Asia Acquisition Corp. will combine with the EV making subsidiary of the British carmaking group that Geely acquired back in 2017,… Continue reading Geely’s Lotus going public via SPAC at $5.4 billion valuation