Tag: Volvo

Auto giants surprisingly resilient as sweeping U.S. tariffs spare Canada and Mexico for now

The Stellantis Windsor Assembly Plant in Windsor, Ontario, Canada, on Tuesday, Feb. 4, 2025. Bloomberg | Bloomberg | Getty Images Shares of some of the world’s biggest automakers appeared surprisingly resilient on Thursday, even after U.S. President Donald Trump’s 25% tariffs on foreign auto imports came into effect. Germany’s Volkswagen, Mercedes-Benz Group and BMW were… Continue reading Auto giants surprisingly resilient as sweeping U.S. tariffs spare Canada and Mexico for now

German FAZ: EU Commission imposed millions of fines against 15 car manufacturers009082

The European Commission has imposed millions in terms of millions against 15 car manufacturers due to a cartel in connection with recycling, scrapped vehicles. The VW Group has to pay the highest fine with around 128 million euros, as the Commission announced on Tuesday. Mercedes had disclosed the cartel in Brussels and therefore escapes a… Continue reading German FAZ: EU Commission imposed millions of fines against 15 car manufacturers009082

Greenlane and Volvo partner to offer charging for medium- and heavy-duty electric trucks

Commercial EV charging network developer Greenlane Infrastructure (a joint venture whose owners include Daimler Truck North America) has partnered with Volvo Trucks North America to integrate Greenlane’s charging network into the Volvo Open Charge service. Greenlane is Volvo’s first Charge Point Operator (CPO) partner in the North American market. Greenlane will enable real-time access to… Continue reading Greenlane and Volvo partner to offer charging for medium- and heavy-duty electric trucks

“Customers Swear by Their Quality—We’ll Bring Scale, Capital, and Integration” — Arvind Goel on Recent IAC Acquisitions

In a strategic move aimed at strengthening its global footprint in the rapidly evolving automotive interiors sector, Tata AutoComp Systems Ltd. has acquired the assets of IAC Sweden and IAC Asterix UK. The acquisitions mark a significant push into the premium segment of vehicle interiors, expanding the company’s customer base and opening new avenues for… Continue reading “Customers Swear by Their Quality—We’ll Bring Scale, Capital, and Integration” — Arvind Goel on Recent IAC Acquisitions

Tesla China-made EV sales fall 11.5% in March as competition rises

Tesla CEO Elon Musk wears a ‘Trump Was Right About Everything!’ hat while attending a cabinet meeting at the White House, in Washington, D.C., U.S., March 24, 2025.  Carlos Barria | Reuters Tesla sales of its China-made cars fell in March as competition from local players like BYD intensified. Tesla sold 78,828 electric vehicles in… Continue reading Tesla China-made EV sales fall 11.5% in March as competition rises

German FAZ: EU Commission imposed millions of fines against 15 car manufacturers009073

The European Commission has imposed millions in terms of millions against 15 car manufacturers due to a cartel in connection with recycling, scrapped vehicles. The VW Group has to pay the highest fine with around 128 million euros, as the Commission announced on Tuesday. Mercedes had disclosed the cartel in Brussels and therefore escapes a… Continue reading German FAZ: EU Commission imposed millions of fines against 15 car manufacturers009073

Volvo CEO was pushed out as financial conditions turned stormy

Of all the recent CEO swaps, Volvo dropping Jim Rowan in favour of his predecessor Håkan Samuelsson provoked the most puzzled response among car industry watchers. “It’s the biggest surprise of all the changes,” said former Nissan and Aston Martin senior executive Andy Palmer. “In my mind, he was doing great.” Volvo hasn’t officially confirmed the reason for Rowan’s… Continue reading Volvo CEO was pushed out as financial conditions turned stormy

Omoda 9 revealed as £45k hybrid with 93-mile EV range

New Chinese marque Omoda has launched the 9 as its flagship model for the UK. Priced from £44,990 and due to land in showrooms from May, the plug-in hybrid is positioned to undercut rivals in the premium family SUV segment such as the BMW X3, Lexus NX and Volvo XC60. The 9 is powered by… Continue reading Omoda 9 revealed as £45k hybrid with 93-mile EV range