Tag: Volvo

Daimler aims to be ready for all-electric car market by 2030

LONDON (Reuters) — Mercedes-Benz maker Daimler plans to invest more than 40 billion euros ($47 billion) between 2022 and 2030 to develop battery electric vehicles (EVs), and be ready for an all-electric car market by the end of that period. Outlining its strategy for an electric future, the German luxury carmaker said on Thursday it… Continue reading Daimler aims to be ready for all-electric car market by 2030

Daimler to invest more than 40 billion euros by 2030 in electric vehicles

By Nick Carey 3 Min Read LONDON (Reuters) -Mercedes-Benz maker Daimler plans to invest more than 40 billion euros ($47 billion) between 2022 and 2030 to develop battery electric vehicles (EVs), and be ready for an all-electric car market by the end of that period. Slideshow ( 2 images ) Outlining its strategy for an… Continue reading Daimler to invest more than 40 billion euros by 2030 in electric vehicles

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