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
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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
@Geely-Volvo: Volvo Cars opens order books for new, pure electric C40 Recharge
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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
Daimler to pay Nokia patent fees, ending German legal spat
By Foo Yun Chee 3 Min Read BRUSSELS (Reuters) -Daimler has agreed to pay Nokia for using its patents, ending a row that highlighted a battle between tech and car companies over royalties for key technologies. Slideshow ( 2 images ) Nokia, which makes 1.4 billion euros ($1.7 billion) in licensing revenues every year, and… Continue reading Daimler to pay Nokia patent fees, ending German legal spat
Cleantechnica: Volkswagen Takes #1 And #2 Positions In European Electric Vehicle Market In April 000925
The European passenger plugin vehicle market continues to rise. There were more than 159,000 plugin vehicle registrations in April, and 616,000 in the year to date (YTD). That’s +136% year over year (YoY). The plugin vehicle share of the overall auto market in April was 15% (7.1% fully electric vehicles), keeping the 2021 plugin vehicle… Continue reading Cleantechnica: Volkswagen Takes #1 And #2 Positions In European Electric Vehicle Market In April 000925