Volvo has acquired a stake in San Francisco-based mobile charging company FreeWire Technologies via the Volvo Cars Tech Fund. While Volvo does not plan to own charging or service stations directly, it says the investment reflects its support for user-friendly charging options as electric mobility continues to grow. “To support wider consumer adoption of electric… Continue reading Volvo invests in mobile charging company FreeWire
Tag: Volvo
Cadillac’s $1,800 a month car subscription service is shutting down — for now
General Motors is canceling its $1,800 a month Cadillac car subscription service and is shutting down by the end of the year, reports The Wall Street Journal. The Book by Cadillac service debuted early last year and follows a similar subscription model to Rent The Runway, which allows customers to drive different Cadillac models each… Continue reading Cadillac’s $1,800 a month car subscription service is shutting down — for now
Press Release No. 24/2018 – Vehicle registrations in October 2018
Date 02.11.2018 Flensburg, November 2, 2018. In October 2018, 252,682 Passenger cars (Cars) newly registered. That is -7.4 percent less than in the same month last year. The share of private registrations was 36.3 percent (-10.1%). In the first ten months of this year, a total of 2,926,046 new passenger cars registered a plus of… Continue reading Press Release No. 24/2018 – Vehicle registrations in October 2018
Volvo and Baidu team up to build self-driving cars for China
Volvo/Baidu It’s not just Ford that’s working with Baidu to develop self-driving cars for the Chinese market — Volvo has also revealed its team-up with the tech giant. While Ford announced the partnership earlier, the Swedish luxury automaker says it’s the “first foreign car maker to collaborate this closely with Baidu” when it comes to… Continue reading Volvo and Baidu team up to build self-driving cars for China
DeepMap, a maker of HD maps for self-driving, raised at least $60M at a $450M valuation
As car and tech companies continue to make inroads on vehicles and services to build autonomous driving systems, a startup that is creating high-definition maps to help these vehicles move around has quietly picked up a significant round of funding. DeepMap — a Palo Alto startup co-founded by James Wu and Mark Wheeler, who previously… Continue reading DeepMap, a maker of HD maps for self-driving, raised at least $60M at a $450M valuation
Baidu hits the gas on autonomous vehicles with Volvo and Ford deals
China’s search engine giant Baidu is continuing its partnership spree for Apollo, its open development platform for autonomous driving, after it inked a deal with Swedish automaker Volvo to develop level four self-driving passenger cars. “Autonomous driving has been our dream, but it’s coming true,” said Li Zhenyu, vice president and general manager of Baidu’s… Continue reading Baidu hits the gas on autonomous vehicles with Volvo and Ford deals
Volvo Cars partners with Baidu to develop and manufacture autonomous driving cars
Volvo Cars partners with Baidu to develop and manufacture autonomous driving cars
Mao Zedong’s Red Flag car gets driverless makeover
BEIJING (Reuters) – China’s iconic Red Flag, the vehicle of choice of former revolutionary leader Mao Zedong, is going hands-free. Chinese tech giant Baidu Inc said on Thursday it would launch a fully autonomous passenger car next year in a partnership with Hongqi, or Red Flag, the car brand long favored by China’s political elite.… Continue reading Mao Zedong’s Red Flag car gets driverless makeover
Geely-Volvo venture introduces latest ‘connected’ vehicle
TOKYO — The Chinese-Swedish venture Lynk & Co has rolled out a new “connected car” featuring always-on internet, dedicated smartphone apps for vehicle management, and functions to facilitate carsharing. The venture — between Zhejiang Geely Holding Group and Volvo Cars — announced the launch of its 03 sedan in an event at Fuji Speedway in… Continue reading Geely-Volvo venture introduces latest ‘connected’ vehicle
Volvo Cars reports third quarter and first nine months 2018 results
Volvo Cars reports third quarter and first nine months 2018 results CEO Håkan Samuelsson: Volvo Cars’ growth remained strong in the third quarter with a 14 per cent increase in retail sales and an 18 per cent revenue increase. Compared to last year, the profitability was influenced by product launch costs, higher tariffs… Continue reading Volvo Cars reports third quarter and first nine months 2018 results