Tag: Volvo

How Geely, GWM steered Chinese car firms to wins

Great Wall Motors displays its cars at an international auto expo in Beijing. DING HONGFA/XINHUA Until very recently, Li Shufu, chairman of Geely that owns Volvo and a major stake holder in Mercedes parent Daimler, was ribbed from time to time because of a remark he made 22 years ago that “cars are nothing more than… Continue reading How Geely, GWM steered Chinese car firms to wins

Why a silicon chip shortage has left carmakers in the slow lane | John Naughton

Here’s a tale of two industries – cars and computers. In February, major car manufacturers such as Nissan and Honda began to warn shareholders that revenues were likely to fall significantly below expectations. And the reason wasn’t Covid-19 – well, not directly anyway: the pandemic had already significantly depressed sales in 2020. No, the problem… Continue reading Why a silicon chip shortage has left carmakers in the slow lane | John Naughton

Autonomous vehicle startup Aurora in final talks to merge with Reid Hoffman’s newest SPAC

Autonomous vehicle startup Aurora is close to finalizing a deal to merge with Reinvent Technology Partners Y, the newest special purpose acquisition company launched by LinkedIn co-founder and investor Reid Hoffman, Zynga founder Mark Pincus and managing partner Michael Thompson, according to several sources familiar with the talks. One of the sticking points is the… Continue reading Autonomous vehicle startup Aurora in final talks to merge with Reid Hoffman’s newest SPAC

Hyundai Motor Americas Region Names Carlos Servin Chief Cost Optimization Officer

FOUNTAIN VALLEY, Calif., June 4, 2021 /PRNewswire/ — Hyundai Motor Americas Region has appointed Carlos Servin as the Chief Cost Optimization Officer. Servin will be responsible for leading the strategy and execution of all cost optimization initiatives across North and South America. This includes benchmarking and implementing best practices for localization, supplier assessments and cost… Continue reading Hyundai Motor Americas Region Names Carlos Servin Chief Cost Optimization Officer

Automotive Natural Gas Vehicle Markets, 2021-2028: Global Focus on Passenger Vehicles, Light-duty & Heavy-duty Buses and Trucks, and Three-wheelers

DUBLIN, June 3, 2021 /PRNewswire/ — The “Automotive Natural Gas Vehicle Market Size, Share & Trends Analysis Report by Fuel Type, by Vehicle Type, by Region, and Segment Forecasts, 2021-2028” report has been added to ResearchAndMarkets.com’s offering. The global automotive natural gas vehicle market demand is expected to reach 38,856.33 thousand units by 2028. The… Continue reading Automotive Natural Gas Vehicle Markets, 2021-2028: Global Focus on Passenger Vehicles, Light-duty & Heavy-duty Buses and Trucks, and Three-wheelers

Movin’On Challenge Design Reveals Top Concepts

All 170 entries this year sought to create inclusive mobility for those who are often overlooked when mobility solutions are being designed. For Spahn’s concept, the Crosswing enables people with amputations to move around cities more efficiently by giving them the ability to skate for transport or leisure. The second-place spot went to Danish design… Continue reading Movin’On Challenge Design Reveals Top Concepts

Volvo Cars to strengthen its digital drive in India

Volvo Car India is looking to strengthen its footprint in the country. The company, which set up CKD operations in Bangalore three years ago, a spare parts warehouse in Mumbai and is expanding its sales and service network, is expanding its Digital Technology Hub in Bangalore. As part of the move, the company has appointed… Continue reading Volvo Cars to strengthen its digital drive in India

Volvo Cars’ sales up 43% in May, 11th straight month of growth

Volvo Cars has recorded its 11th consecutive month of sales growth as the company’s global sales increased by 43 percent in May 2021, compared with the same month last year. In May, Volvo Cars sold a total of 64,111 cars, up from 44,830 cars a year ago. The growth was mainly driven by a strong demand… Continue reading Volvo Cars’ sales up 43% in May, 11th straight month of growth

Commercial Telematics Market to grow by USD 12 billion during 2021-2025, AB Volvo and Bridgestone Corp. Emerge as Key Contributors to growth| Technavio

NEW YORK, June 2, 2021 /PRNewswire/ — Technavio has been monitoring the commercial telematics market and it is poised to grow by USD 12.00 billion during 2021-2025, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Request… Continue reading Commercial Telematics Market to grow by USD 12 billion during 2021-2025, AB Volvo and Bridgestone Corp. Emerge as Key Contributors to growth| Technavio