Tag: Volvo

Carmakers shift gear on using recycled materials

When passengers settle into the back seat of the new Ford Bronco Sport, little do they know that parts of the car just inches away were once discarded fishing nets, bobbing about in the world’s oceans. The US carmaker, which has experimented in the past with using recycled plastics, has refashioned this netting into wire… Continue reading Carmakers shift gear on using recycled materials

Polestar’s ‘Arctic Circle’ performance EV can shred a snowy track

Polestar, the electric automaker jointly owned by Volvo and Geely, likes one-offs. There was the more powerful version of its electric fastback Polestar 2 sedan made for the Goodwood Festival of Speed. And now there’s the Arctic Circle, a high-riding, studded winter-tire-sporting, icy blast of winter racing prowess from the company’s Swedish engineers (who know… Continue reading Polestar’s ‘Arctic Circle’ performance EV can shred a snowy track

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