Tag: Volvo

Baidu hits the gas on autonomous vehicles with Volvo and Ford deals

China’s search engine giant Baidu is continuing its partnership spree for Apollo, its open development platform for autonomous driving, after it inked a deal with Swedish automaker Volvo to develop level four self-driving passenger cars. “Autonomous driving has been our dream, but it’s coming true,” said Li Zhenyu, vice president and general manager of Baidu’s… Continue reading Baidu hits the gas on autonomous vehicles with Volvo and Ford deals

Mao Zedong’s Red Flag car gets driverless makeover

BEIJING (Reuters) – China’s iconic Red Flag, the vehicle of choice of former revolutionary leader Mao Zedong, is going hands-free. Chinese tech giant Baidu Inc said on Thursday it would launch a fully autonomous passenger car next year in a partnership with Hongqi, or Red Flag, the car brand long favored by China’s political elite.… Continue reading Mao Zedong’s Red Flag car gets driverless makeover

Geely-Volvo venture introduces latest ‘connected’ vehicle

TOKYO — The Chinese-Swedish venture Lynk & Co has rolled out a new “connected car” featuring always-on internet, dedicated smartphone apps for vehicle management, and functions to facilitate carsharing. The venture — between Zhejiang Geely Holding Group and Volvo Cars — announced the launch of its 03 sedan in an event at Fuji Speedway in… Continue reading Geely-Volvo venture introduces latest ‘connected’ vehicle

Volvo Cars reports third quarter and first nine months 2018 results

Volvo Cars reports third quarter and first nine months 2018 results   CEO Håkan Samuelsson:   Volvo Cars’ growth remained strong in the third quarter with a 14 per cent increase in retail sales and an 18 per cent revenue increase. Compared to last year, the profitability was influenced by product launch costs, higher tariffs… Continue reading Volvo Cars reports third quarter and first nine months 2018 results

Chinese EV startup WM Motor raising at least $288 mln from Baidu, others – sources

HONG KONG (Reuters) – Chinese electric vehicle (EV) startup WM Motor Technology Co Ltd aims to raise at least 2 billion yuan ($288.33 million) in its latest funding round to finance growth, valuing the nearly four-year-old firm at over 20 billion yuan, two people told Reuters. FILE PHOTO: WM Motor’s founder and CEO Freeman Shen… Continue reading Chinese EV startup WM Motor raising at least $288 mln from Baidu, others – sources

Volvo Cars Tech Fund invests in electric car charging company FreeWire

Volvo Cars Tech Fund invests in electric car charging company FreeWire   Volvo Cars has acquired a stake in electric car charging company FreeWire Technologies via the Volvo Cars Tech Fund, deepening the company’s commitment to a fully electric future.   While Volvo Cars’s electrification strategy does not envision direct ownership of charging or service… Continue reading Volvo Cars Tech Fund invests in electric car charging company FreeWire

UPDATE 3-Daimler’s diesel troubles trigger new profit warning

FRANKFURT (Reuters) – German carmaker Daimler AG (DAIGn.DE) said its operating profit would fall by over 10 percent this year, its second earnings warning since June, blaming “government proceedings and measures in various regions” as a crackdown on diesel emissions takes a toll. The Daimler is seen during a press conference on the second press… Continue reading UPDATE 3-Daimler’s diesel troubles trigger new profit warning

Volvo is betting big on mobile to push its car subscription service

Roberto Baldwin / Engadget The Volvo S60 will be the second car the automaker will “lease” via its Care by Volvo subscription service when it lands in showrooms in the next few months. But it turns out, that half the folks that flocked to subscribe to the XC40 didn’t walk into dealerships. They “bought” the… Continue reading Volvo is betting big on mobile to push its car subscription service

Riverside Motors buys Harratts Volvo dealership in Wakefield

Yorkshire-based Riverside Motor Group has  acquired Harratts Volvo in Wakefield for an undisclosed sum. The new business complements Riverside’s two existing Volvo dealerships in Doncaster and Hull. Riverside has represented the brand since1982. The Hull dealership won Volvo UK’s Dealer of the Year Award 2009, 2011 and 2013 while the Doncaster business took the accolade… Continue reading Riverside Motors buys Harratts Volvo dealership in Wakefield