Tag: Volvo

Volvo Group and Isuzu Motors sign final agreements to form strategic alliance

GÖTEBORG, Sweden, Oct. 30, 2020 /PRNewswire/ — The Volvo Group and Isuzu Motors today signed binding agreements to form a strategic alliance within commercial vehicles in order to capture the opportunities in the ongoing industry transformation, in accordance with the Memorandum of Understanding signed in December 2019. The agreements include Isuzu Motor’s acquisition of UD… Continue reading Volvo Group and Isuzu Motors sign final agreements to form strategic alliance

AB Volvo and Isuzu Motors sign final agreements for strategic alliance

By Reuters Staff 1 Min Read Slideshow ( 2 images ) STOCKHOLM (Reuters) – Truckmaker AB Volvo VOLVb.ST and Japan’s Isuzu Motors 7202.T have inked a binding agreement for their previously announced strategic alliance, which includes Isuzu buying Volvo’s UD Trucks for around 20 billion Swedish crowns ($2.29 billion). The final agreement follow a memorandum… Continue reading AB Volvo and Isuzu Motors sign final agreements for strategic alliance

Geely’s EV maker Polestar recalls all Polestar 2 sedans again

By Reuters Staff 1 Min Read FILE PHOTO: A worker wearing a face mask following the coronavirus disease (COVID-19) outbreak cleans the floor near a Polestar 2 electric sedan displayed at a shopping mall in Shanghai, China May 5, 2020. REUTERS/Yilei Sun STOCKHOLM (Reuters) – Electric vehicle maker Polestar, owned by Volvo Cars and its… Continue reading Geely’s EV maker Polestar recalls all Polestar 2 sedans again

Geely’s new EV plant will build premium Polestar cars: sources

By Yilei Sun, Brenda Goh 2 Min Read BEIJING/SHANGHAI (Reuters) – An electric vehicle (EV) factory planned by Chinese automaking group Geely will produce cars under the premium Polestar marque, two people with direct knowledge of the matter told Reuters on Monday. FILE PHOTO: A man looks at a Polestar Precept car at the Beijing… Continue reading Geely’s new EV plant will build premium Polestar cars: sources

German Manager Magazin: Ford Kuga: Recall of plug-in hybrid endangers CO2 fleet target000264

fordthreatens a fine for failing to meet the CO2 targets EU: The overall balance of newly registered Ford cars in Europe could exceed the European Union’s fleet limit this year, according to company information. A delivery stop for the new plug-in hybrid model Kuga “had an impact on our plan to be able to meet… Continue reading German Manager Magazin: Ford Kuga: Recall of plug-in hybrid endangers CO2 fleet target000264

Remsons Industries acquires UK based Magal Cables

MUMBAI:Remsons Industries, an automotive cable supplier on Friday announced the acquisition of UK based Magal Cables Ltd, a part of Arlington Group Engineering systems. Remsons acquired MCL, through a wholly owned subsidiary Remsons Holding Ltd, (incorporated in UK) for Rs 33 crore which was funded through internal accruals and debt. Magal Cables Ltd (MCL) has… Continue reading Remsons Industries acquires UK based Magal Cables

A Waymo executive reveals how the company is keeping its self-driving taxis safe for riders during the COVID-19 pandemic (GOOGL)

Waymo has ramped up sanitation in its robotaxis during the coronavirus pandemic. Daniel Chu, Waymo’s chief product officer, told Business Insider he was particularly excited about the ability of the company’s vehicles to flush out old air between rides. Chu said the coronavirus hasn’t changed Waymo’s long-term strategy and has only highlighted the benefits of… Continue reading A Waymo executive reveals how the company is keeping its self-driving taxis safe for riders during the COVID-19 pandemic (GOOGL)

Volvo Group – the third quarter 2020

GOTHENBURG, Sweden, Oct. 16, 2020 /PRNewswire/ — “In Q3, utilization of trucks and machines gradually improved as COVID-19 restrictions were eased. Towards the end of the quarter transport activity was back on roughly the same level as a year ago in most markets. This led to an improved sentiment among our customers, which is reflected… Continue reading Volvo Group – the third quarter 2020