Tag: Volvo

Truckmaker Volvo to put all 20,000 Swedish staff on temporary lay off-scheme

FILE PHOTO: The logo of Swedish truck maker Volvo is pictured at the IAA truck show in Hanover, September 22, 2016. REUTERS/Fabian Bimmer/File Photo STOCKHOLM (Reuters) – Truckmaker AB Volvo (VOLVb.ST) said on Friday it would put all its 20,000 staff in Sweden on short-term temporary lay off-scheme starting next week as it plans to… Continue reading Truckmaker Volvo to put all 20,000 Swedish staff on temporary lay off-scheme

Volvo cars to temporarily close plants in U.S. and Sweden

FILE PHOTO: The Volvo logo is seen on the grille of the 2019 Volvo V60 at the New York Auto Show in the Manhattan borough of New York City, New York, U.S., March 28, 2018. REUTERS/Shannon Stapleton FRANKFURT (Reuters) – Swedish carmaker Volvo is suspending production at its factories in Sweden, the United States and… Continue reading Volvo cars to temporarily close plants in U.S. and Sweden

AB Volvo’s Board of Directors Withdraws Proposal of Extra Dividend, Maintains Ordinary Dividend

GÖTEBORG, Sweden, March 19, 2020 /PRNewswire/ — In light of the general uncertainty and the measures taken to slow down the spread of Covid19 and their effects on the Volvo Group, the Board of Directors of AB Volvo has decided to maintain the proposal to the Annual General Meeting on April 8, 2020 of an… Continue reading AB Volvo’s Board of Directors Withdraws Proposal of Extra Dividend, Maintains Ordinary Dividend

Volvo recalls 750,000 cars globally amidst concerns about faulty emergency braking

AEB fault was identified on an XC60 by Danish motoring body FDM during a road test in late 2019. Volvo has recalled nearly 750,000 vehicles worldwide amid concerns that their autonomous emergency braking (AEB) systems are faulty. The fault – affecting 736,430 cars, 56,368 of which are in the UK – was identified by Danish motoring body FDM during a… Continue reading Volvo recalls 750,000 cars globally amidst concerns about faulty emergency braking

Smart Eye Crowned by Success, Announces 24 new Design Wins With Four Different OEMs in one Fell Swoop

STOCKHOLM, March 19, 2020 /PRNewswire/ — Of the four OEMs, two are new customers; one is an American high-volume car maker and one is a European premium manufacturer, and two are existing European premium customers. The estimated combined life-time value of the four contracts is at least 500 MSEK.  “I am exceptionally proud of Smart… Continue reading Smart Eye Crowned by Success, Announces 24 new Design Wins With Four Different OEMs in one Fell Swoop

Chinese Carmakers Snap Up Talent From Germany’s Fading Opel

About half of the 20 engineers Chery Automobile has hired since opening its European headquarters here in 2019 were previously at Opel.Such hires include Geely’s senior chief engineer for electric propulsion systems and its director of infotainment and connectivity as well as Chery’s senior managers for vehicle architecture, interior design and exterior design.Geely already has “boots on the ground” on the continent through its ownership of European brands including Volvo Cars, Lotus and London EV, previously London Taxi.

Vertu Motors opens new £5m Mercedes-Benz dealership in Reading

Vertu Motors has completed a £5m Mercedes-Benz dealership in Reading, as part of a major refurbishment project. The new dealership’s showroom and workshop have been being extended. The showroom size has been increased to 14 cars and the service reception designed and refurbished to the latest Mercedes-Benz corporate standards. Mark Gibbings, market area director, Vertu… Continue reading Vertu Motors opens new £5m Mercedes-Benz dealership in Reading

Chinese carmakers snap up talent from Germany’s fading Opel

RAUNHEIM, Germany — Chinese carmakers still have little to show for more than a decade’s worth of efforts to crack Western auto markets. Now Geely and Chery, two of China’s most prominent car groups, are taking a new tack as they seek to offset their slumping home market. Each has set up a key European… Continue reading Chinese carmakers snap up talent from Germany’s fading Opel