Apollo Tyres launches premium Vredestein brand in India

Strengthening its product offering in India, Apollo Tyres has launched the premium European brand, Vredestein, which it acquired in 2009, in the country. Vredestein tyres will be manufactured at Apollo’s state-of-the-art facilities in India, and will cater to the premium and luxury segment in passenger cars, while the two-wheeler tyres from the brand would cater… Continue reading Apollo Tyres launches premium Vredestein brand in India

Truck maker Volvo profit beats forecast, but chip woes linger

By Helena Soderpalm 2 Min Read STOCKHOLM (Reuters) -Sweden’s AB Volvo beat third-quarter core earnings expectations on Thursday boosted by strong demand for its trucks even as lingering chip shortages hampered production. The logo of Swedish truck maker Volvo is pictured at the IAA truck show in Hanover, September 22, 2016. REUTERS/Fabian Bimmer Shortages of… Continue reading Truck maker Volvo profit beats forecast, but chip woes linger

Volvo reveals its first vehicle made of fossil-free steel

A few months ago, Volvo teamed up with Swedish steel producer SSAB to develop a type of steel it can use for its vehicles that doesn’t use fossil fuels. Now, the automaker has revealed what it says is the world’s first vehicle made of fossil-free steel: A four wheeled fully electric load carrier made for… Continue reading Volvo reveals its first vehicle made of fossil-free steel

Volvo Group unveils vehicle made with 3,000 kilos of ‘fossil-free’ steel

AB Volvo, the construction truck arm of Sweden’s Volvo Group, unveiled a new vehicle Wednesday made with a majority of “fossil-free” steel, plus plans to begin smaller-scale series production using the new material as early as 2022. “Our intention is to start to build these vehicles, these relatively small-load carriers, utilizing this fossil-free steel,” Lars… Continue reading Volvo Group unveils vehicle made with 3,000 kilos of ‘fossil-free’ steel