Waylands Automotive has relocated its Volvo business in Reading to new £6m premises close to the M4 motorway. Volvo Waylands is now located on Reading Gateway development on Imperial Way. Waylands CEO John O’Hanlon launched the group in November 2017 with the acquisition of a Volvo franchise in Reading. The launch came just 16 months… Continue reading Waylands opens new Volvo dealership in Reading
Tag: Volvo
Volvo Cars to pay $310 million dividend, second under China’s Geely
STOCKHOLM (Reuters) – Volvo Cars will pay a dividend of 2.9 billion Swedish crowns ($311 million) after record sales in 2018, the company said on Thursday, with almost all of it slated to boost the coffers of its debt-laden Chinese parent Geely. FILE PHOTO: The new Volvo Polestar 2 is displayed at the 89th Geneva… Continue reading Volvo Cars to pay $310 million dividend, second under China’s Geely
Volvo introduces direct consumer business arm amid executive restructure
Volvo Cars has introduced a Direct Consumer Business arm as part of an executive restructure designed reshape “what a car is, how people expect to be transported and how they interact with a car”. The restructure, set to be implemented from April 1, will see the Volvo Cars executive management team restructured to reflect the… Continue reading Volvo introduces direct consumer business arm amid executive restructure
Press Releases – EU-US trade: auto makers urge MEPs to support talks
Brussels, 13 March 2019 – Ahead of a vote in the European Parliament tomorrow, auto makers are calling upon MEPs to back the European Commission’s request to start trade talks with the United States. Tomorrow, the European Parliament will issue a non-binding resolution on the draft negotiating mandate which the European Commission submitted to member… Continue reading Press Releases – EU-US trade: auto makers urge MEPs to support talks
The Polestar 2 EV Puts Tesla Model 3 on Notice
Aimed explicitly at the Tesla Model 3, and looking like it has its scope calibrated well enough to score a direct hit, the new Polestar 2 has just dropped. Following on the heels of the stunning but much more exclusive Polestar 1, the 2 promises a broader buyer base thanks to its more approachable price.… Continue reading The Polestar 2 EV Puts Tesla Model 3 on Notice
Volvo Sets a Top Speed for All its Cars 5 Mar
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Limiters that stop drivers speeding could soon be fitted in all new cars – Manchester Evening News
Drivers could soon be prevented from speeding through a device that automatically limits a vehicle’s speed. Mandatory speed limiting technology, called Intelligent Speed Assistance (ISA), could be fitted to all new cars sold in the EU within just three years, after proposals agreed by a key group of MEPs. Even though the UK is planning… Continue reading Limiters that stop drivers speeding could soon be fitted in all new cars – Manchester Evening News
Rybrook buys JLR dealerships in Stoke from Pendragon
Warwick-based Rybrook Group is representing Jaguar and Land Rover in Stoke following the completion of its acquisition of the businesses from Pendragon for an undisclosed sum. The businesses is trading as Rybrook Land Rover Stoke and Rybrook Jaguar Stoke. These new additions increase the Warwick-based Group’s dealerships to 25. Rybrook already has Jaguar and Land… Continue reading Rybrook buys JLR dealerships in Stoke from Pendragon
Volvo may not sell its Tesla rival electric car in the US over tariffs
Wang Zhao | AFP | Getty Images
A man uses his mobile phone to take a picture of a Polestar 1 car at the Beijing auto show on April 26, 2018. –
Volvo Cars may not sell its high-performance Polestar electric vehicles in the U.S. if Washington slaps tariffs on imports from China, the Financial Times reported Wednesday.
The automaker recently revealed its Polestar 2, which executives said is priced competitively with Tesla's Model 3 sedan.
But Volvo is owned by Chinese auto company Geely, and the group has so far intended to make the cars at a factory in China. It expects to sell more than 50,000 Polestar vehicles.
A lot of those cars won't make it to the United States if tariffs on Chinese imports are too high, Polestar CEO Thomas Ingenlath told the FT.
The Polestar 2 is one of several vehicles automakers are hoping will draw customers from Tesla.
Competition is expected to heat up around the 2021 model year, said CFRA analyst Garrett Nelson. Competitors are already on the market at a midrange price that's competitive with the Model 3 and higher prices where Tesla's more premium Model S and Model X vehicles sit.
The global automotive industry has found itself caught up in President Donald Trump's trade war with China, leading many automakers to re-evaluate where they build and sell their products.
Read the full story from the Financial Times.
Volvo Group Collaborates with Key California Stakeholders to Showcase Potential of Connected Vehicle Technologies with a Volvo VNL
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