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
Tag: Volvo
@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
Self-Driving Truck Completes First Cross-Country Freight Run
What a (Road) Trip Silicon Valley startup Plus.ai just shipped 40,000 pounds of butter 2,800 miles from California to Pennsylvania in under three days using a freight truck mostly driving itself, The Mercury News reports (a safety driver made sure to take over in case of emergencies while an engineer observed operations as well). “We… Continue reading Self-Driving Truck Completes First Cross-Country Freight Run
11 Dec 2019 GKN Automotive launches strategy to make electric propulsion mo…
Standardised electric drive systems with highly integrated inverters and motors aim to make electrification affordable for automakers and consumers Three new families of modular, scalable eDrive systems will provide affordable electrification options in all torque classes Full details in GKN Automotive’s newly released technology strategy report, Making Electric Propulsion More Competitive GKN Automotive has today… Continue reading 11 Dec 2019 GKN Automotive launches strategy to make electric propulsion mo…
Volvo Trucks Shows Heavy-Duty Electric Concept Truck
A small number of heavy-duty electric trucks will be tested with selected customers soon. Commercialization expected afterward. Volvo Trucks unveiled a new, bigger all-electric truck concept for construction operations and regional transport. This truck might become its next production EV model, right after the Volvo FL Electric and Volvo FE Electric models. Besides a few… Continue reading Volvo Trucks Shows Heavy-Duty Electric Concept Truck