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
Tag: Volvo
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
@Geely-Volvo: Volvo Cars Chengdu car plant powered by 100 per cent renewable electricity
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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
@Geely-Volvo: Volvo Cars welcomes two exciting additions to global design team
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@Geely-Volvo: Volvo Cars reports global sales of 44,830 cars in May
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Geely’s Volvo Cars sales soar 40% in May vs month-ago as virus curbs ease
An employee at a Volvo car dealer, wearing a protective mask is seen in the showroom, amid the coronavirus disease (COVID-19) outbreak in Brussels, Belgium May 28, 2020. REUTERS/Yves Herman STOCKHOLM (Reuters) – Volvo Cars, owned by China’s Geely Holding, said on Wednesday it sold 40% more cars in May than in April, as restrictions… Continue reading Geely’s Volvo Cars sales soar 40% in May vs month-ago as virus curbs ease
Car maker: puzzles about rapid price increase at Daimler
Daimler shines again The share of the car group is on the upswing. (Photo: AP) Beijing, Munich The automaker’s share Daimler is currently in high demandt. Since mid-May, paper has skyrocketed by more than 30 percent. On Tuesday alone, the increase was now almost nine percent. There is a lot of speculation in the market… Continue reading Car maker: puzzles about rapid price increase at Daimler
SoftBank led $500M investment in Didi in China’s biggest autonomous driving round
The race to automate vehicles on China’s roads is heating up. Didi, the Uber of China, announced on Friday an outsized investment of over $500 million in its freshly minted autonomous driving subsidiary. Leading the round — the single largest fundraising round in China’s autonomous driving sector — is its existing investor Softbank, the Japanese… Continue reading SoftBank led $500M investment in Didi in China’s biggest autonomous driving round
Compact SUVs: the Baby Lexus arrives and a flurry of electric models (also Tesla)
CROSSOVER The luxury brand of the Toyota Group could offer an exclusive B-suv based on the Toyota Yaris Cross The BX as it may be called is intended for the European and Asian markets, not the USA. by Corrado Canali The luxury brand of the Toyota Group could offer an exclusive B-suv based on the… Continue reading Compact SUVs: the Baby Lexus arrives and a flurry of electric models (also Tesla)