Tag: Volvo

Volvo and Vattenfall come together for advanced EV charging infrastructure for homes

Europe-based energy company Vattenfall aims to become a leading electric vehicle (EV) charging infrastructure operator in collaboration with its partners. The initiative would be initially benefitted by the Swedish customers of Volvo plug-in hybrid cars.  Vattenfall and Volvo will offer all Volvo’s plug-in hybrid customers in Sweden the charging solution ‘InCharge Smart home’ directly through… Continue reading Volvo and Vattenfall come together for advanced EV charging infrastructure for homes

Volvo Cars global sales up 12.2 per cent in April

Volvo Cars global sales up 12.2 per cent in April Volvo Cars’ positive momentum continued in April as the premium car maker reported a global year-on-year sales increase of 12.2 for the month, growing in all its main markets. Total sales for the month reached 52,635 cars compared to 46,895 a year earlier. Sales of… Continue reading Volvo Cars global sales up 12.2 per cent in April

Daimler has plan in case new Chinese shareholder turns hostile

Li Shufu, founder of Geely and owner of Volvo, acquired 9.7 percent of Daimler in February. BEIJING — Daimler has a back-up plan in place to protect itself from any unsolicited takeover bid should its new Chinese investor turn unexpectedly hostile. Li Shufu, founder of Geely and owner of Volvo Cars, acquired 9.7 percent of… Continue reading Daimler has plan in case new Chinese shareholder turns hostile

Press Releases – First-ever CO2 standards for trucks must reflect market diversity, EU truck industry says

Brussels, 2 May 2018 – Ahead of the publication later this month of the European Commission’s proposal on CO2 emissions standards for heavy-duty vehicles, the European Automobile Manufacturers’ Association (ACEA) calls for an ambitious yet realistic approach. ACEA welcomes the introduction of these first-ever EU CO2 standards for trucks, which are part of a broader… Continue reading Press Releases – First-ever CO2 standards for trucks must reflect market diversity, EU truck industry says

Volkswagen in JV talks with China’s Didi to manage fleet, co-develop cars

April 30, 2018 Volkswagen AG, the world’s biggest automaker, is in talks to form a joint venture with China’s Didi Chuxing to manage part of the ride-hailing company’s fleet of cars and help develop “purpose-built” vehicles for Didi‘s services. As part of the deal between Volkswagen and China’s biggest ride-hailing service, expected to be signed… Continue reading Volkswagen in JV talks with China’s Didi to manage fleet, co-develop cars

Geely’s Volvo Cars posts 3.6 percent profit rise in the first quarter

STOCKHOLM (Reuters) – Geely-owned automaker Volvo Car Group reported a rise in quarterly operating earnings on Friday, on growth in the Chinese and U.S. markets and forecast higher sales, but also steeper spending, in the year ahead. The logo of Volvo is seen on the front grill of a Volvo XC40 SUV displayed at a… Continue reading Geely’s Volvo Cars posts 3.6 percent profit rise in the first quarter

Lotus SUV will put brand in ‘more luxury’ market

The forthcoming Lotus SUV is set to position the Norfolk-based sports car brand as a more luxury car maker than previously – and could be the first in a series of crossover machines from the firm. The project was one of the first signed off by Chinese company Geely after it bought the British firm last year. As previously revealed by… Continue reading Lotus SUV will put brand in ‘more luxury’ market

Volvo Cars’ first quarter 2018 operating profit rises 3.6 per cent to SEK 3,616 million

Volvo Cars’ first quarter 2018 operating profit rises 3.6 per cent to SEK 3,616 million   Volvo Cars, the premium car maker, today reports its financial result for the first quarter of 2018. Highlights from the financial report include the following:   First quarter:  Operating profit of MSEK 3,616, an increase of 3.6 per cent… Continue reading Volvo Cars’ first quarter 2018 operating profit rises 3.6 per cent to SEK 3,616 million

Waylands Automotive to open new Volvo dealership in Reading

Waylands Automotive has started work on a multi-million-pound Volvo eight-car showroom and workshop, which will become Volvo Cars Reading’s new home in November. Volvo Cars Reading opened for business towards the end of last year under the ownership of Waylands Automotive, headed up by ex-Ridgeway Garages CEO John O’Hanlon. The opening is part of a… Continue reading Waylands Automotive to open new Volvo dealership in Reading