Tag: Volvo

Upstream Expands Series B Funding

HERZLIYA, Israel, June 9, 2020 /PRNewswire/ — Upstream Security announced today that it has secured an expansion of its Series B funding with an investment by Salesforce Ventures. The undisclosed amount is in addition to $30 million previously invested by Alliance Venture Capital (Renault, Nissan, Mitsubishi), Hyundai, Nationwide Insurance, Volvo Group, and others. Upstream offers specialized… Continue reading Upstream Expands Series B Funding

Press Releases – Auto makers and electricity sector call for rapid action on charging points under EU recovery plan

Brussels, 9 June 2020 – The European Automobile Manufacturers’ Association (ACEA) and Eurelectric welcome the focus on infrastructure for electrically-chargeable vehicles in the coronavirus recovery plan announced by the European Commission. The associations support the goal of funding 1 million public charging points referred to in the plan. However, they note that this objective was… Continue reading Press Releases – Auto makers and electricity sector call for rapid action on charging points under EU recovery plan

Lipscomb Cars to open Volvo dealership on Canterbury

Lipscomb Cars is set to open a new Volvo dealership in Canterbury following the lift of the Coronavirus restrictions. The dealership had been set to open in March, but delays with a permanent mains electric power connection caused final works to cancelled by the network provider as non-essential. With the lifting of work restrictions, a… Continue reading Lipscomb Cars to open Volvo dealership on Canterbury

Tesla supplier ready to make million-mile battery

A Chinese car battery-maker says it is ready to manufacture a product capable of powering a vehicle for 1.2 million miles (two million kilometres) across the course of a 16-year lifespan. By contrast, most automakers only offer warranties ranging from 60,000 to 150,000 miles over a three to eight-year period on their cars’ batteries. Contemporary… Continue reading Tesla supplier ready to make million-mile battery

@Daimler: Daimler Truck AG establishes new company Daimler Truck Fuel Cell GmbH & Co. KG

Andreas Gorbach and Prof. Dr. Christian Mohrdieck are the managing directors of the new fuel cell subsidiary. The new company is later to transition into a joint venture planned with Volvo Group. Martin Daum, Chairman of the Board of Management of Daimler Truck AG and Member of the Board of Management of Daimler AG: “The… Continue reading @Daimler: Daimler Truck AG establishes new company Daimler Truck Fuel Cell GmbH & Co. KG

Volvo: Lockdown has changed car sales forever

Asked whether the online sales service has helped push sales during lockdown Elvefors said: “It has, and I’m sure that approach is here to stay now. Even with dealerships opening, the social-distancing rules are likely to limit demand, and there are people, such as those on high-risk grounds, who will be unwilling or unable to… Continue reading Volvo: Lockdown has changed car sales forever

Vertu Motors announces acquisition intention in 2019 financial results

Vertu Motors declared an intention to add new manufacturer partners as it grows through acquisition in a 2019 results statement following its first two days of showroom trading since the COVID-19 lockdown. Group chief executive, Robert Forrester, told AM “there’s no point being pessimistic” as he discussed the results of the group’s financial year to… Continue reading Vertu Motors announces acquisition intention in 2019 financial results