HONG KONG (Reuters) – Chinese electric vehicle (EV) startup WM Motor Technology Co Ltd aims to raise at least 2 billion yuan ($288.33 million) in its latest funding round to finance growth, valuing the nearly four-year-old firm at over 20 billion yuan, two people told Reuters. FILE PHOTO: WM Motor’s founder and CEO Freeman Shen… Continue reading Chinese EV startup WM Motor raising at least $288 mln from Baidu, others – sources
Tag: Volvo
Volvo Cars Tech Fund invests in electric car charging company FreeWire
Volvo Cars Tech Fund invests in electric car charging company FreeWire Volvo Cars has acquired a stake in electric car charging company FreeWire Technologies via the Volvo Cars Tech Fund, deepening the company’s commitment to a fully electric future. While Volvo Cars’s electrification strategy does not envision direct ownership of charging or service… Continue reading Volvo Cars Tech Fund invests in electric car charging company FreeWire
UPDATE 3-Daimler’s diesel troubles trigger new profit warning
FRANKFURT (Reuters) – German carmaker Daimler AG (DAIGn.DE) said its operating profit would fall by over 10 percent this year, its second earnings warning since June, blaming “government proceedings and measures in various regions” as a crackdown on diesel emissions takes a toll. The Daimler is seen during a press conference on the second press… Continue reading UPDATE 3-Daimler’s diesel troubles trigger new profit warning
Volvo is betting big on mobile to push its car subscription service
Roberto Baldwin / Engadget The Volvo S60 will be the second car the automaker will “lease” via its Care by Volvo subscription service when it lands in showrooms in the next few months. But it turns out, that half the folks that flocked to subscribe to the XC40 didn’t walk into dealerships. They “bought” the… Continue reading Volvo is betting big on mobile to push its car subscription service
Riverside Motors buys Harratts Volvo dealership in Wakefield
Yorkshire-based Riverside Motor Group has acquired Harratts Volvo in Wakefield for an undisclosed sum. The new business complements Riverside’s two existing Volvo dealerships in Doncaster and Hull. Riverside has represented the brand since1982. The Hull dealership won Volvo UK’s Dealer of the Year Award 2009, 2011 and 2013 while the Doncaster business took the accolade… Continue reading Riverside Motors buys Harratts Volvo dealership in Wakefield
Press Releases – Truck CO2 standards: European Parliament vote highly alarming, says industry
Brussels, 18 October 2018 – The European Automobile Manufacturers’ Association (ACEA) has expressed its serious concerns on today’s European Parliament vote on the EU’s first-ever CO2 standards for trucks. The vote by the Parliament’s Environment Committee (ENVI) was in reaction to the European Commission’s proposal for CO2 standards for new heavy-duty vehicles, published last May.… Continue reading Press Releases – Truck CO2 standards: European Parliament vote highly alarming, says industry
TomTom – Volvo cooperation ended
The map service provider TomTom from the Netherlands loses the Swedish automaker Volvo as a customer. There are currently major fluctuations in the traffic segment. HERE Has Google Maps pushed off the throne. Meanwhile, Google Maps is stepping up its engagement and Apple’s maps are coming soon no longer existent. Now also has the map… Continue reading TomTom – Volvo cooperation ended
Press Releases – Brexit: auto industry urges negotiators to avert worst-case scenario
Brussels, 17 October 2018 – Ahead of this evening’s Brexit summit, Europe’s auto manufacturers and suppliers have come together to issue a stark warning on the potentially far-reaching impacts of a no-deal scenario on their sector, which would threaten their very business model. Automobile production plants – be they in the EU27 or the UK… Continue reading Press Releases – Brexit: auto industry urges negotiators to avert worst-case scenario
Volvo warns some vehicle engines may exceed emission limits
STOCKHOLM (Reuters) – Sweden’s Volvo (VOLVb.ST) said on Tuesday an emissions control component used in its vehicles was degrading more quickly than expected, which could cause engines to exceed emission limits for nitrogen oxides, sending its stock down sharply. The logo of Volvo is seen on the front grill of a Volvo truck in a… Continue reading Volvo warns some vehicle engines may exceed emission limits
Zheijiang Geely Holding to issue 950 mln euro bond – Geely spokesman
STOCKHOLM, Oct 15 (Reuters) – China’s Zhejiang Geely Holding will issue a non-rated senior unsecured and fixed coupon three-year bond worth 950 million euros ($1.10 billion) to refinance borrowing arrangements linked to its previous purchase of a stake in Sweden’s AB Volvo, a Geely spokesman told Reuters. The Geely spokesman declined to provide any additional… Continue reading Zheijiang Geely Holding to issue 950 mln euro bond – Geely spokesman