Tag: Volvo

UVeye gets $60 million investment in Series C funding to support global expansion

Israel-based UVeye, a supplier of high-speed vehicle inspection systems for the auto industry has received $60 million (Rs 445 crore) in additional funding to support its global expansion plans. The company says CarMax, W.R. Berkley Corporation and F.I.T. Ventures are among the participants in UVeye’s Series C funding round. UVeye counts Volvo Cars, Hyundai Motors… Continue reading UVeye gets $60 million investment in Series C funding to support global expansion

Eyeing IPO, Volvo Cars to take full control of its Chinese business

Volvo Cars has struck a deal to buy out parent company Zhejiang Geely Holding from their joint ventures in China, in a move that could make a potential initial public offering (IPO) for the Swedish automaker more attractive to investors. Hangzhou-based Geely, which also owns a 9.7% stake in Daimler, said earlier this year it was… Continue reading Eyeing IPO, Volvo Cars to take full control of its Chinese business

@Geely: Geely Launches Newest High-End Flagship SUV – Xingyue L

• Geely Auto launched its newest high-end flagship SUV – Xingyue L• Empowered by advanced technologies to offer unparalleled luxury and user experience• First Geely model capable of going beyond L2 autonomy with 100% automated valet system and HWA Highway Assist• Geely Xingyue L to be one of the first to offer Geely GHS2.0 hybrid… Continue reading @Geely: Geely Launches Newest High-End Flagship SUV – Xingyue L

Running low on battery power: Brexit Britain faces an acid test

By Nick Carey and Barbara Lewis New Delhi: Britain has set a fast pace in the electric vehicle race with its 2030 ban on sales of new fossil fuel-powered cars and has offered 1 billion pounds ($1.4 billion) to jump start its battery industry and associated supply chain. But the cash and the headline-grabbing deadline… Continue reading Running low on battery power: Brexit Britain faces an acid test

UAW-represented Volvo workers OK contract they rejected earlier, ending strike

A UAW strike that began early last month at Volvo’s largest truck plant is coming to an end after workers there ratified a contract Wednesday. The approval of a six-year contract at the plant in southwestern Virginia came after three previous votes on tentative agreements were rejected by the members.  This time, workers were asked to… Continue reading UAW-represented Volvo workers OK contract they rejected earlier, ending strike

Riverside Motors buys Harratts Honda dealership in Wakefield

Yorkshire based Riverside Motor Group has acquired Harratts Group’s Honda site at Calder Park Wakefield for an undisclosed sum. The deal includes Harratts’ Honda dealership and assets at Calder Park, its Kia showroom, and a lease of premises at Darton, Barnsley for a period of 10 years. Riverside will represent Honda for Wakefield and Barnsley… Continue reading Riverside Motors buys Harratts Honda dealership in Wakefield

Volvo Trucks to restart Virginia factory as strike continues

Dublin, Va.  — Volvo Trucks North America says some striking workers crossed picket lines Monday at a southwestern Virginia factory as the company plans to restart production. Spokesman John Mies wouldn’t say how many United Auto Workers members went inside the factory in Dublin, Virginia, near Roanoke. But he says in an email that it… Continue reading Volvo Trucks to restart Virginia factory as strike continues