Tag: Volvo

@Daimler: Daimler Truck AG makes significant management and organizational changes in preparation for an independent future

Daimler Truck AG is making significant changes to its management structure ahead of the spin-off and separate listing planned for late 2021 Daimler Truck AG reaffirms strategic goals: Improving profitability and leading role in the transformation of the commercial vehicle business The reorganization will see more entrepreneurial freedom and greater product development responsibility given to… Continue reading @Daimler: Daimler Truck AG makes significant management and organizational changes in preparation for an independent future

German Handelsblatt: Truck subsidiary: Daimler Truck reorganizes management prior to partial IPO

Daimler Truck CEO Martin Daum The development of software, electronics and engines – whether diesel engines or alternative drives – will be centralized in the new Truck Technology Group (TT) business unit. (Photo: dpa) Frankfurt With a view to the IPO planned for the end of the year, Daimler’s truck subsidiary has reorganized its management.… Continue reading German Handelsblatt: Truck subsidiary: Daimler Truck reorganizes management prior to partial IPO

Volvo Group invests in Designwerk Technologies AG to complement electromobility capabilities

GOTHENBURG, Sweden, April 26, 2021 /PRNewswire/ — Volvo Group has signed definitive agreements to acquire 60 percent of Designwerk Technologies AG, an engineering company in Switzerland, that develops and sells electromobility products and engineering services within electromobility eco-systems. By investing in Designwerk Technologies, the Volvo Group will complement its current capabilities when it comes to… Continue reading Volvo Group invests in Designwerk Technologies AG to complement electromobility capabilities

Renault and Dacia soon to be restricted to 180 km / h

Posted on Apr 25, 2021, 12:08 PM Renault and Dacia drivers will soon no longer be able to exceed 180 km / h. During the general meeting of shareholders, this Friday, the CEO of the diamond firm, Luca de Meo , has indeed announced that all vehicles produced by Renault and Dacia will be gradually… Continue reading Renault and Dacia soon to be restricted to 180 km / h

Volvo Group Venture Capital invests in EV charging software company Driivz

Volvo Group Venture Capital makes investments that support collaborations between startups and the Volvo Group, especially in areas such as logistics services, site solutions and electrical infrastructure. The group’s latest investment is Driivz, a software company that calls itself “the operating system for global EV charging.” The Driivz platform is designed for managing large charging… Continue reading Volvo Group Venture Capital invests in EV charging software company Driivz

Volvo Group – the first quarter 2021

GOTHENBURG, Sweden, April 22, 2021 /PRNewswire/ — “The first quarter of 2021 was characterized by high activity among our customers, which was reflected in good demand for both new products and services. Compared with the first quarter of 2020, our net sales increased by 3% to SEK 94.0 billion. The good sales volumes, not least… Continue reading Volvo Group – the first quarter 2021

@Geely: Geely Unveils Latest High-End Flagship SUV – Xingyue L

Geely Auto unveils latest CMA-based flagship SUV, Xingyue L with new “Symphony of Space and Time” aesthetic Premium SUV highlights symphony between Eastern and Western styling Empowered by advanced technologies to offer a luxurious user experience First Geely model to go beyond L2 autonomy with 100% automated valet system, enabling the car to search for… Continue reading @Geely: Geely Unveils Latest High-End Flagship SUV – Xingyue L

Polestar raises $500M from outside investors as EV market grows

Polestar, Volvo Car Group’s standalone electric performance brand, has raised $550 million in its first external round led by Chongqing Chengxing Equity Investment Fund Partnership, Zibo Financial Holding and Zibo Hightech Industrial Investment. SK Inc., the South Korean global conglomerate, and a range of other investors also participated. While this is Polestar’s first external round, the… Continue reading Polestar raises $500M from outside investors as EV market grows