Norway’s electric car subscription service imove closes $22.3M Series A led by AutoScout24

The “subscribe to your car” movement has been taking off in recent years, with the appearance of Fleks in the U.K., Cazoo (after its acquisition of Drover) and Care by Volvo Hertz, to name just a few. Into this space has appeared imove out of Norway, with what appears, at least, to be a new… Continue reading Norway’s electric car subscription service imove closes $22.3M Series A led by AutoScout24

Volvo targets range of 621 miles for EVs by 2030

Volvo has announced it is partnering with Swedish battery manufacturer Northvolt to develop ultra energy-dense lithium-ion battery packs for its next generation of models.  The improvements will be seen in what the company calls its ‘second generation’ of electric cars, which will open with the launch of the next XC90. It will be built on… Continue reading Volvo targets range of 621 miles for EVs by 2030

Zero emissions and automated driving: manufacturers are designing the car of the future

3 ‘of reading The car is preparing for the most important post-war change to today, with the slow but planned abandonment of heat engines to make room for electric propulsion. It will not happen “tomorrow” but within a decade the fleet in circulation will change radically, as confirmed by the many announcements of car manufacturers… Continue reading Zero emissions and automated driving: manufacturers are designing the car of the future

Baby electric Volvo SUV likely to be built in China

Volvo’s forthcoming baby electric SUV is likely to be built in China, the company’s boss has revealed – but it now seems unlikely to be called XC20. The Swedish brand’s CEO Hakan Samuelsson has already confirmed that the new model will feature an SUV body style and be based on a pure-electric platform developed by Volvo’s… Continue reading Baby electric Volvo SUV likely to be built in China

Priority is creating world-class facilities in B’luru: Yediyurappa

New Delhi: Amid rising speculations about imminent change of leadership after July 26, Karnataka Chief Minister B.S. Yediyurappa on Friday said that his priority is to create world-class facilities in Bengaluru. Yediyurappa, who went on a city round along with senior bureaucrats in a Volvo air-conditioned bus of the Bengaluru Metropolitan Transport Corporation (BMTC), said… Continue reading Priority is creating world-class facilities in B’luru: Yediyurappa

Mercedes-Benz reveals its plans to be ‘ready’ to go all-electric by 2030 – This is Money

Mercedes-Benz outlined its plans today to invest more than €40 billion (£34.2billion) between 2022 and 2030 to develop battery electric vehicles and be ready to become an all-electric car maker by the end of the decade. Bosses at the German luxury carmaker’s parent group Daimler said it would – with its partners – build eight… Continue reading Mercedes-Benz reveals its plans to be ‘ready’ to go all-electric by 2030 – This is Money

Financial Report April – June 2021: Veoneer

STOCKHOLM, July 23, 2021 /PRNewswire/ — Financial Summary – Q2’21 Sequential improvement in operating loss and cash flow despite lower than expected LVP and continued supply chain challenges Net Sales $398 million, Net sales increase 116%, Organic Sales1 108% Active Safety Net Sales increase 149%, Organic Sales increase 140% Operating cash flow $(69) million. Cash… Continue reading Financial Report April – June 2021: Veoneer