Tag: Volvo

UPDATE 2-Chinese owner eyes Volvo Cars IPO, picks banks – source

NEW YORK/STOCKHOLM/BEIJING (Reuters) – The Chinese owner of Volvo Cars has hired three investment banks for an initial public offering (IPO) this year that could value the Swedish carmaker in a broad range of $16 billion to $30 billion, a person familiar with the matter said on Thursday. FILE PHOTO: The Volvo logo is seen… Continue reading UPDATE 2-Chinese owner eyes Volvo Cars IPO, picks banks – source

Waylands expands Volvo business with Newbury acquisition

Waylands Automotive, the dealer group set up by ex-Ridgeway CEO John O Hanlon (pictured right), has bought Fawcetts Garage’s Volvo business in Newbury. Waylands, which already runs a Volvo business in Reading, took ownership of Fawcetts earlier this month. O’Hanlon returned to the motor trade in November last year with the launch of Waylands .… Continue reading Waylands expands Volvo business with Newbury acquisition

Volvo Cars Picks Citi, Goldman, Morgan Stanley on IPO

Volvo Cars owner Zhejiang Geely Holding Group Co. has selected Citigroup Inc., Goldman Sachs Group Inc. and Morgan Stanley to advise on an initial public offering for the Swedish carmaker this year, according to people with knowledge of the matter. China’s Zhejiang Geely and Volvo have discussed valuing the Swedish automaker in a range of… Continue reading Volvo Cars Picks Citi, Goldman, Morgan Stanley on IPO

China’s Geely said to pick Citi, others for Volvo Cars IPO

May 10, 2018 Volvo Cars owner Zhejiang Geely Holding Group Co. has selected Citigroup Inc., Goldman Sachs Group Inc. and Morgan Stanley to advise on an initial public offering for the Swedish carmaker this year, according to people with knowledge of the matter. China’s Zhejiang Geely and Volvo have discussed valuing the Swedish automaker in… Continue reading China’s Geely said to pick Citi, others for Volvo Cars IPO

Volvo Trucks introduces an EV just for hauling garbage

Volvo Trucks Volvo Trucks has joined the short list of automakers to introduce an EV bigger than a consumer car, but the Swedish company’s new vehicle is special: It’s a garbage truck. The Volvo FE Electric is built to haul up to 27 tonnes of cargo across urban environments, and like all electric vehicles, it… Continue reading Volvo Trucks introduces an EV just for hauling garbage

Android P makes Volvo’s in-car infotainment system even better

Android Auto has been around for years. I know Android Auto when I see it. What’s running inside a sleek Volvo at Google I/O isn’t Android Auto. This is an automobile running full-blown Android P. We’ve seen no shortage of pure Android-powered cars at I/O in years past, but this crimson XC40 is different: it’s… Continue reading Android P makes Volvo’s in-car infotainment system even better

Arizona fatal accident: the autonomous vehicle has detected the pedestrian, without avoiding it

The first fatal accident between an autonomous vehicle and a pedestrian is due to a wrong software setting. Elaine Herzberg, 49, was killed on March 19 in Tempe, Arizona by a driverless taxi Uber in the test phase. The victim, who was walking on the road pushing a bicycle, was overturned at about 60 km… Continue reading Arizona fatal accident: the autonomous vehicle has detected the pedestrian, without avoiding it

Press Releases – Truck CO2 standards must not follow same approach as cars, industry cautions

Brussels, 9 May 2018 – One week before the European Commission publishes its proposal for the first-ever CO2 emission standards for heavy-duty vehicles, the European Automobile Manufacturers’ Association (ACEA) urges policy makers to take into account the specific complexities of the truck market when setting the targets. “Unlike passenger cars, trucks are not consumer goods.… Continue reading Press Releases – Truck CO2 standards must not follow same approach as cars, industry cautions