Tag: Volvo

Polestar CEO defends the Polestar 2’s recall and 233-mile EPA rating

Polestar is a young automaker spun out of Volvo and Geely. Now, just four years old, it has two cars on the market with more launching soon. Like many startups, the company is weathering early storms coming from government regulators and early recalls. Earlier this week, the EPA released its findings on the Polestar 2’s… Continue reading Polestar CEO defends the Polestar 2’s recall and 233-mile EPA rating

Luxury brands Louis Vuitton, Volvo tap Line chat app to connect with Thai consumers

Luxury fashion and auto brands in Thailand have turned to selling their products on Japanese chat app Line amid the coronavirus pandemic, tapping the country’s growing appetite for social commerce, a top executive said on Thursday. Brands like Louis Vuitton, Chanel, and Volvo were among those that opened official accounts on the messaging app, which… Continue reading Luxury brands Louis Vuitton, Volvo tap Line chat app to connect with Thai consumers

Recall sets back EV push by China’s Geely to beat Tesla in Europe

HAMBURG, Germany — The Polestar 2, one of the first Chinese-built electric vehicles to be embraced by European drivers, is now facing a full recall in an embarrassing setback for Geely Automobile Holdings and its Swedish subsidiary Volvo Cars. A spokesman for Polestar told Nikkei Asia that the company had requested owners of the nearly… Continue reading Recall sets back EV push by China’s Geely to beat Tesla in Europe

Daimler to cut fixed costs and take Mercedes more upmarket

By Edward Taylor 3 Min Read FRANKFURT (Reuters) – German automaker Daimler will cut fixed costs, capex and R&D spending at Mercedes-Benz by more than 20% by 2025 as part of a strategy overhaul to take the brand further upmarket. The move will see Mercedes-Benz, currently the world’s top selling premium car brand, turn its… Continue reading Daimler to cut fixed costs and take Mercedes more upmarket

Daimler to cut fixed costs by more than 20% by 2025

By Reuters Staff 1 Min Read FILE PHOTO: The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke FRANKFURT (Reuters) – Daimler DAIGn.DE on Tuesday said it will cut fixed costs, capex and research and development expenditure by more than 20% by 2025 compared with 2019… Continue reading Daimler to cut fixed costs by more than 20% by 2025

2,200 Polestar 2 EVs just got recalled over a software defect that can cause them to shut off randomly

Geely, the parent company behind Polestar and Volvo, recalled about 2,200 Polestar 2s over a software defect, Reuters reported via Swedish financial paper Dagens Industri. The defect can cause the cars to lose power and stop running, even while they are driving. The recall only affects Polestar 2s in China and certain parts of Europe.… Continue reading 2,200 Polestar 2 EVs just got recalled over a software defect that can cause them to shut off randomly

Worst September for UK car sales this century

New UK car registrations fell 4.4% in September from a year earlier, according to the motor industry. That made it the worst September this century in what is normally the industry’s second most important month. There were just 328,041 new registrations in the month, said the Society of Motor Manufacturers and Traders (SMMT). The car… Continue reading Worst September for UK car sales this century

Geely’s EV maker Polestar recalls all new Polestar 2 sedans -Swedish daily DI

By Reuters Staff 1 Min Read Slideshow ( 2 images ) STOCKHOLM (Reuters) – Electric vehicle maker Polestar, owned by Volvo Cars and its parent China’s Geely, is recalling all new Polestar 2 cars due to a software glitch, business daily Dagens Industri (DI) said on Friday. The recall of close to 2,200 vehicles delivered… Continue reading Geely’s EV maker Polestar recalls all new Polestar 2 sedans -Swedish daily DI