Tag: Volvo

Volvo: PHEV sales surge will help meet CO2 targets

Volvo sold a record number of cars last year, with the firm’s sales exceeding 700,000 for the first time – and company bosses say surging demand for plug-in hybrid models mean it is on course to avoid having to pay any European Union CO2 emission penalties in 2020. The company sold 705,452 cars last year,… Continue reading Volvo: PHEV sales surge will help meet CO2 targets

Renault Trucks Signs Historic Agreement With the Carlsberg Group to Deliver 20 Electric Trucks

GÖTEBORG, Sweden, Feb. 5, 2020 /PRNewswire/ — Renault Trucks is taking a critical step in the transformation of urban transport by announcing the signing of a contract with the Carlsberg Group to deliver 20 D Wide Z.E. These 100% electric 26-tonne trucks, which will be delivered in 2020, will be operated by the Feldschlösschen brewery,… Continue reading Renault Trucks Signs Historic Agreement With the Carlsberg Group to Deliver 20 Electric Trucks

Aston Martin delays electric car plans after raising emergency funds – The Verge

Aston Martin has officially delayed all plans for electric vehicles after taking on a desperately-needed new investment from Formula One billionaire Lawrence Stroll. The company says it has indefinitely suspended its first electric car, the Rapide E, after refusing to confirm rumors about the project earlier this month. And it has pushed the launch of… Continue reading Aston Martin delays electric car plans after raising emergency funds – The Verge

Mack Trucks Launches Mack® MD Series Medium-Duty Trucks, Invests $13 Million to Establish New Operation

“Mack Trucks is very proud to make this investment and to now offer a full lineup of Class 6 to Class 8 commercial vehicles, serving virtually every segment of the market,” said Martin Weissburg, Mack Trucks president. “With this investment, Mack is well-positioned for future success, and we’re taking orders for the new truck beginning… Continue reading Mack Trucks Launches Mack® MD Series Medium-Duty Trucks, Invests $13 Million to Establish New Operation

Sweden’s AB Volvo plans big shareholder payout as profit beats

STOCKHOLM (Reuters) – Swedish truck maker AB Volvo (VOLVb.ST) reported a smaller than expected fall in fourth-quarter earnings in the face of slowing demand and announced plans on Thursday for a payout to shareholders that exceeded market expectations. FILE PHOTO: Volvo S90 is displayed at a panel discussion about self-driving cars at Diaoyutai State Guesthouse… Continue reading Sweden’s AB Volvo plans big shareholder payout as profit beats

Volvo Group – The Fourth Quarter and Full Year 2019

GOTHENBURG, Sweden, Jan. 30, 2020 /PRNewswire/ —  “2019 was another good year for the Volvo Group. We grew net sales by 11% to SEK 432 billion and improved our adjusted operating income to SEK 47.9 billion (40.7), with a margin of 11.1% (10.4). During the year we also continued to increase our financial strength. With… Continue reading Volvo Group – The Fourth Quarter and Full Year 2019

7-Seat All-Electric Volvo XC90 Coming In 2022

Within the next several years (by 2025), 50% of all Volvo sales globally will be all-electric cars (rest to be HEV/PHEV), which means huge changes in the lineup. The first all-electric model – Volvo XC40 Recharge – will be introduced this year. We guess that it will be followed by other BEVs from the 40-series… Continue reading 7-Seat All-Electric Volvo XC90 Coming In 2022