GOTHENBURG, Sweden, Dec. 18, 2019 /PRNewswire/ — The Volvo Group and Isuzu Motors today signed a non-binding Memorandum of Understanding with the intent to form a strategic alliance within commercial vehicles in order to capture the opportunities in the ongoing transformation of the industry. In a first step, the intention is to establish a global… Continue reading Volvo Group and Isuzu Motors Intend to Form Strategic Alliance
Tag: Volvo
Vehicle manufacturer: Orders from Daimler’s truck division collapse – that’s the reason
Daimler Trucks Orders for new trucks declined sharply. (Photo: Daimler AG) Munich The times at Daimler are rough. The core brand of the Dax group is currently shaken most violently. Just a few years ago, Mercedes cars and vans were consistently delivering sales returns of more than nine percent. Today, the people of Stuttgart would… Continue reading Vehicle manufacturer: Orders from Daimler’s truck division collapse – that’s the reason
@Geely-Volvo: Volvo Cars refinances SEK5 billion of existing preference shares
Volvo Cars has issued SEK5 billion worth of convertible preference shares to a group of Swedish institutional investors, comprising Swedish pension fund AMF and Swedish insurance and pension savings group Folksam. The preference shares may be repurchased or converted into common shares of Volvo Car AB. No further details on the terms of sale… Continue reading @Geely-Volvo: Volvo Cars refinances SEK5 billion of existing preference shares
Volvo Cars refinances $500 million worth of preference shares with Swedish investors
FILE PHOTO: A Volvo S60 is displayed during the inauguration of Volvo Cars first U.S. production plant in Ridgeville, South Carolina, U.S., June 20, 2018. REUTERS/Randall Hill/File Photo STOCKHOLM (Reuters) – Chinese-owned Volvo Cars said on Monday it had sold 5 billion Swedish crowns ($519 million) of convertible preference shares to a group of Swedish… Continue reading Volvo Cars refinances $500 million worth of preference shares with Swedish investors
@Tata-JLR: A brief history of autonomous vehicles (or why we invested in Apex.AI)
Last week, we were excited to announce our latest investment in Apex.AI alongside Volvo Group Venture Capital and HELLA Ventures. Sam Clifton, Associate at InMotion Ventures, explores why we invested in the company. The DARPA Grand Challenge is often credited with reigniting academic and commercial interest in the autonomous vehicle (AV) space. Whilst the first AVs were… Continue reading @Tata-JLR: A brief history of autonomous vehicles (or why we invested in Apex.AI)
Bluespace.ai, a startup focused on AV technology for mass transit, gets $3.5 million in seed funding
Bluespace.ai, a new autonomous driving startup focused on mass transit, announced today that it has raised $3.5 million in seed funding led by Fusion Fund. Other investors include YouTube co-founder Steve Chen; UMC, the Taiwanese semiconductor foundry; Kakao Ventures; GDP Ventures; Atinum; Wasabi Ventures; Blue Ivy Ventures; Plug n Play; and SLV Capital. The startup… Continue reading Bluespace.ai, a startup focused on AV technology for mass transit, gets $3.5 million in seed funding
Scott Rafkin Appointed Volvo Group Chief Digital Officer
GOTHENBURG, Sweden, Dec. 13, 2019 /PRNewswire/ — Scott Rafkin, currently President of Volvo Financial Services, has been appointed to the new position of Executive Vice President and Chief Digital Officer for the Volvo Group, effective January 1, 2020. In this role he will be a member of the Executive Board and report to the Volvo… Continue reading Scott Rafkin Appointed Volvo Group Chief Digital Officer
Most Cadillacs will be electric by 2030, says GM
Sponsored Links Cadillac If you’re waiting for big companies to reduce their carbon emissions, you can forget about 2020. Apparently, 2030 is when we’ll start to see changes. That’s the year Amazon wants to make half its shipments carbon-neutral and Microsoft promises a 75 percent reduction in carbon emissions. Now, GM has another promise for… Continue reading Most Cadillacs will be electric by 2030, says GM
Volvo dealer network: Modernization on the right track
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Press Releases – Michael Manley of FCA elected ACEA President for 2020
Brussels, 12 December 2019 – The Board of Directors of the European Automobile Manufacturers’ Association (ACEA) has elected Michael Manley, CEO of Fiat Chrysler Automobiles (FCA), as its new President. As of January 2020, Mr Manley will take over from Carlos Tavares, Chairman of the Managing Board of PSA Group, who served as ACEA President… Continue reading Press Releases – Michael Manley of FCA elected ACEA President for 2020