Tag: Volvo

The used cars with highest retail margin for dealers

Dealer Auction has charted the used vehicles that offer dealers the highest retail margin in the UK. Its monthly Retail Margin Monitor found that the used vehicles attracting the biggest retail margins on its platform in December 2021 were SUVs, making up six of the total top 10. The car that offered the highest retail… Continue reading The used cars with highest retail margin for dealers

Volvo Group – the fourth quarter and full year 2021

GÖTEBORG, Sweden, Jan. 28, 2022 /PRNewswire/ — “In 2021, we continued to deliver good profitability and took several important steps in our efforts to lead the transition to a climate-neutral transport system. For the full year, the Volvo Group’s net sales increased to SEK 372 billion and the adjusted operating income to SEK 41.0 billion… Continue reading Volvo Group – the fourth quarter and full year 2021

The self-driving car industry is abandoning the term ‘self-driving’ and leaving it to Tesla

So long, Self-Driving Coalition for Safer Streets; hello, Autonomous Vehicle Industry Association! The AV industry’s top lobbying group in Washington, DC is rebranding, dropping the reference to “self-driving” in exchange for a more straightforward moniker. The group, which was founded in 2016 by Waymo, Ford, Lyft, Uber, and Volvo, lobbies lawmakers to pass legislation favorable… Continue reading The self-driving car industry is abandoning the term ‘self-driving’ and leaving it to Tesla

Baidu’s electric car brand Jidu closes $400M Series A round

Once an industry with long development cycles, the automotive space is being upended by China’s tech giants. One can hardly keep up with all the new electric vehicle brands that come out of the country nowadays. Jidu, an electric carmaking company founded by Baidu and its Chinese auto partner Geely only a year ago, said… Continue reading Baidu’s electric car brand Jidu closes $400M Series A round

New 2022 Volvo XC90 replacement could be called Embla

Volvo’s next-generation, all-electric replacement for the XC90 could be given the name Embla, according to new trademark applications made by the Swedish brand.  “This will be the first of its kind. We should also then mark that by deviating from our normal way of giving our cars names,” said outgoing Volvo boss Hakan Samuelsson at… Continue reading New 2022 Volvo XC90 replacement could be called Embla

Geely and Renault sign agreement to take on S. Korean car market, together

Chinese automotive giant and Volvo/Polestar parent company, Geely, has signed an agreement with the French Renault Group to launch a new collaboration intended to bring fuel-efficient hybrid electric cars to South Korea, as well as export sales into other Asian markets. The Renault-Geely collaboration represents a continuation of efforts made by both companies in producing… Continue reading Geely and Renault sign agreement to take on S. Korean car market, together

@Daimler: Mercedes-Benz partners with Luminar to enhance pioneering work in next-generation

Stuttgart/Orlando.  Today, Mercedes-Benz and Luminar Technologies, Inc., a leading global automotive technology company, announced a partnership to accelerate development of future automated driving technologies for passenger cars. A central component of this is the optimal access to new technologies and global competencies. The new partnership with Luminar underlines Mercedes-Benz’s policy of continuously expanding its network… Continue reading @Daimler: Mercedes-Benz partners with Luminar to enhance pioneering work in next-generation

Mercedes-Benz teams up with Luminar on self-driving tech

The Mercedes-Benz logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany, September 10, 2019. REUTERS/Ralph Orlowski/File Photo Register now for FREE unlimited access to Reuters.com Register San Francisco, Jan 20 (Reuters) – Luxury carmaker Mercedes-Benz will partner with self-driving sensor maker Luminar Technologies Inc (LAZR.O) to enable fully automated driving on… Continue reading Mercedes-Benz teams up with Luminar on self-driving tech

Mercedes-Benz acquires stake in lidar maker Luminar, will use its sensors for future autonomous vehicles

Mercedes-Benz announced it will integrate Luminar’s lidar sensors into future production vehicles to enable autonomous driving capabilities. The German automaker is also taking an equity stake in the Orlando, Florida-based company, acquiring a total of 1.5 million shares. Based on Luminar’s share price of $13.45 at market close January 19th, Mercedes-Benz is purchasing approximately $20.2… Continue reading Mercedes-Benz acquires stake in lidar maker Luminar, will use its sensors for future autonomous vehicles