Tag: Volvo

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

Self-Driving Coalition Announces New Board Members Embark and Aurora

WASHINGTON, June 2, 2021 /PRNewswire/ — The Self-Driving Coalition – dedicated to working with lawmakers, regulators and the public to realize the safety and societal benefits of autonomous vehicles (AVs) – announced today that Aurora and Embark have joined the Coalition’s Board of Directors. Both Embark and Aurora became members in 2020, and their addition… Continue reading Self-Driving Coalition Announces New Board Members Embark and Aurora

Volvo Penta acquires majority stake in marine battery systems pioneer ZEM AS

GOTHENBURG, Sweden, June 2, 2021 /PRNewswire/ — Volvo Penta has announced an exciting new acquisition of ZEM – a company with 12 years of market experience as a supplier of both marine battery systems and complete electric drivelines and a strong track record in Norway, the most mature marine e-mobility market in the world. “As a… Continue reading Volvo Penta acquires majority stake in marine battery systems pioneer ZEM AS

Dirac Raises USD$17.73M in Funding

Dirac, a Uppsala, Sweden-based sound company, raised $17.73m USD (150 MSEK) in funding. Backers in the new round, which valued the company at just under $142.2m USD (1.200 MSEK), included new investor TIN Fonder and current investor DIG Investment. The company intends to use the funds to accelerate global growth. Led by CEO Peter Friedrichsen,… Continue reading Dirac Raises USD$17.73M in Funding

AB Volvo’s Board of Directors proposes a distribution of the proceeds from the sale of UD Trucks

GÖTEBORG, Sweden, June 1, 2021 /PRNewswire/ — AB Volvo’s Board of Directors proposes that the proceeds from the sale of UD Trucks are to be distributed to the shareholders and will convene an Extraordinary General Meeting for a resolution on the proposal. The proposal entails a distribution of SEK 9.50 per share, corresponding to approximately… Continue reading AB Volvo’s Board of Directors proposes a distribution of the proceeds from the sale of UD Trucks

German Handelsblatt: Car manufacturer: dispute over: Daimler pays license fees for Nokia patents002152

Mercedes plant in Untertürkheim Munich Daimler and Nokia have settled their longstanding patent dispute. The Dax group pays Nokia license fees for the use of telecommunications technology in the car, as both companies announced on Tuesday. All legal disputes are off the table, including Daimler’s complaint to the European Commission. The companies did not comment… Continue reading German Handelsblatt: Car manufacturer: dispute over: Daimler pays license fees for Nokia patents002152