Tag: Volvo

BMW expects half of its sales to be electric cars by 2030

By Nick Carey, Riham Alkousaa 2 Min Read (Reuters) – BMW expects at least half of its sales to be zero emission vehicles by 2030, setting a more conservative target than some rivals in the race to embrace cleaner driving. Slideshow ( 2 images ) In the short term, the German carmaker forecast on Wednesday… Continue reading BMW expects half of its sales to be electric cars by 2030

Nissan chases car shoppers with one-stop online buying

TOKYO — Car shoppers looking to buy a Nissan will need to reach no farther than their smartphones, with the automaker’s online program accommodating the preferences of coronavirus-weary consumers seeking to avoid the showroom and younger people making big-ticket purchases on the internet. Nissan Motor began rolling out a proprietary online system this February at… Continue reading Nissan chases car shoppers with one-stop online buying

Volvo Group Venture Capital invests in EV charging software company

GÖTEBORG, Sweden, March 16, 2021 /PRNewswire/ — Volvo Group Venture Capital AB has invested in Driivz Ltd., a leading global EV charging software company which has developed a platform for managing large charging networks for electric vehicles from end-to-end. The Driivz platform functions as an operating system for electric vehicle (EV) charging networks and is used… Continue reading Volvo Group Venture Capital invests in EV charging software company

Toyota warns rivals’ gasoline engine phase-out goals must overcome huge challenges

By David Shepardson 2 Min Read FILE PHOTO: The logo of Toyota carmaker is seen on a car in Nice, France, April 8, 2019. REUTERS/Eric Gaillard WASHINGTON (Reuters) – A senior Toyota executive will express skepticism before U.S. senators Tuesday about aspirations by rival automakers to phase out gasoline-powered vehicles, saying those goals must overcome… Continue reading Toyota warns rivals’ gasoline engine phase-out goals must overcome huge challenges

@Daimler: 01. Mar 2021Daimler Truck AG and the Volvo Group complete creation of fuel-cell joint venture: cellcentric March 01, 2021 – Daimler […]

March 01, 2021 – Daimler Truck AG and the Volvo Group today completed the transaction to form the previously announced fuel-cell joint venture. The Volvo Group has acquired 50 percent of the partnership interests in the existing Daimler Truck Fuel Cell GmbH & Co. KG for approximately EUR 0.6 billion on a cash and debt-free… Continue reading @Daimler: 01. Mar 2021Daimler Truck AG and the Volvo Group complete creation of fuel-cell joint venture: cellcentric March 01, 2021 – Daimler […]

Auto industry urges emissions deal weaker than Obama’s

Washington – A coalition of automakers has told the Biden administration it would agree to raise mileage standards to reduce tailpipe emissions but with tradeoffs and at rates lower than those brokered by California with five other car manufacturers. If agreed to, the proposal could give President Joe Biden a quick win by securing cuts… Continue reading Auto industry urges emissions deal weaker than Obama’s

Luminar, Volvo subsidiary partner to sell automated driving systems to automakers

Luminar Technologies has deepened ties with Volvo Cars to develop and eventually sell an automated driving system for highways to other automakers. The partnership, announced Thursday, is between Luminar and Volvo’s self-driving software subsidiary Zenseact. The two companies are combining their tech to create what Luminar founder and CEO Austin Russell described as a “holistic… Continue reading Luminar, Volvo subsidiary partner to sell automated driving systems to automakers

Bill Ford: ‘Our Family Name Is on the Line Every Day’ – The New York Times

With the coronavirus rapidly disrupting American life in mid-March and organized labor pressuring carmakers to ensure worker safety, Bill Ford reached out to the competition. Mr. Ford, the chairman of the Ford Motor Company, brokered a conference call with the leaders of General Motors, Fiat Chrysler, the United Auto Workers and key Michigan politicians. The… Continue reading Bill Ford: ‘Our Family Name Is on the Line Every Day’ – The New York Times

Geely taps Foxconn’s playbook to build EVs for other carmakers

BEIJING — Geely, China’s largest private-sector automaker, has taken the first step toward becoming the Foxconn of electric vehicles. Geely and Foxconn, the Taiwanese Apple assembler, are establishing a 50-50 joint venture that will manufacture whole electric vehicles for clients as well as parts. Just like Foxconn did with iPhones, Geely will pursue an economy… Continue reading Geely taps Foxconn’s playbook to build EVs for other carmakers