Volvo Group accelerates to grow in the ongoing industry transformation

GÖTEBORG, Sweden, June 22, 2022 /PRNewswire/ — At the Volvo Group’s Capital Markets Day today June 22, 2022, President and CEO Martin Lundstedt and Group Management outlined the major business opportunities in the ongoing technology shift that is expected to accelerate the Group’s sales growth. Over the last decade, the Volvo Group has established an industry-leading… Continue reading Volvo Group accelerates to grow in the ongoing industry transformation

German Handelsblatt: Commercial vehicles: Daimler Trucks are sold out – customers pay higher prices004520

Production at Daimler Truck The world’s largest truck manufacturer has been independent of the former parent company Daimler since 2021. (Photo: dpa) If you want to know how the world economy is doing, you can see a lot in the sales figures for trucks. Because little can be saved more easily in an imminent downturn… Continue reading German Handelsblatt: Commercial vehicles: Daimler Trucks are sold out – customers pay higher prices004520

Southeast Asia on cusp of EV revolution as local production begins

BANGKOK/MANILA — The electric vehicle market is taking off in Southeast Asia as automakers plan to start production in at least three countries this year, a key step toward making the cars more affordable to the region’s consumers. Many of these companies are based in China and South Korea, while Japanese automakers — which now account… Continue reading Southeast Asia on cusp of EV revolution as local production begins

German Handelsblatt: Paul Gao: Mercedes hires Chinese McKinsey manager as Chief Strategy Officer004514

Paul Gao Der McKinsey-Berater wird neuer Chief Strategy Officer bei Mercedes-Benz. (Foto: Mercedes-Benz) Mercedes-Vorstandschef Ola Källenius holt sich einen ausgewiesenen Experten für China und Südostasien an die Seite. Wie der Stuttgarter Autobauer am Dienstag mitteilte, wird der McKinsey-Manager Paul Gao künftig als Chief Strategy Officer bei Mercedes fungieren. Diese Position wurde neu geschaffen. Gao startet am… Continue reading German Handelsblatt: Paul Gao: Mercedes hires Chinese McKinsey manager as Chief Strategy Officer004514

Noble M500 supercar reaches pre-production stage – Motor Authority

Niche British supercar marque Noble stunned us with the reveal of the M500 concept at the 2018 Goodwood Festival of Speed, and a promise of a production version in short order. Noble has been quietly working behind the scenes on getting the M500 into production and at this year’s Goodwood FoS, scheduled for next week,… Continue reading Noble M500 supercar reaches pre-production stage – Motor Authority

Volvo Energy invests in Connected Energy

Volvo Energy has joined a slew of new investors such as Caterpillar VC Inc, Mercuria and OurCrowd and Hinduja Group to invest in Newcastle, UK-based  Connected Energy which makes second-life vehicle batteries into commercial battery storage systems.   Connected Energy has 16 operational systems across Europe in countries like Belgium, Germany, and the Netherlands with its… Continue reading Volvo Energy invests in Connected Energy

German Manager Magazin: Volvo: New boss Jim Rowan restructures the carmaker’s board of directors001845

Meager three months after taking office As Volvo boss, Jim Rowan sets a scent mark for the first time. As of June 20, the CEO will slim down the car manufacturer’s board of directors by four posts. Instead of the previous eleven, there will only be seven people on the board in future. Henrik Green… Continue reading German Manager Magazin: Volvo: New boss Jim Rowan restructures the carmaker’s board of directors001845

Volvo Energy invests in Connected Energy for second life battery business

GÖTEBORG, Sweden, June 17, 2022 /PRNewswire/ — Volvo Energy invests in the UK-based, second-life battery energy storage specialist Connected Energy in order to further accelerate Volvo Group’s battery business and sustainability opportunities.  In its mission to support and secure an attractive and sustainable circular business model for batteries, Volvo Energy is investing approx. SEK 50… Continue reading Volvo Energy invests in Connected Energy for second life battery business