John Clark opens new Volvo dealership in Edinburgh

John Clark Motor Group has opened a Volvo dealership in Edinburgh, the first Volvo business for the group. John Clark is rated 16 in the Motor Trader Top 200 with annual turnover of £702.8m, representing Audi, BMW, Dacia, Jaguar, Land Rover, Nissan, Peugeot, Renault, Seat, Skoda, Volkswagen and now Volvo. Chris Clark, managing director, said:… Continue reading John Clark opens new Volvo dealership in Edinburgh

Volvo Cars bets big on tech start-ups, launches investment fund

Volvo Cars has launched a new investment fund aimed at investing in high potential technology start-ups around the globe. The aim of the Volvo Cars Tech Fund is to invest in strategic technology trends that are transforming the industry, such as artificial intelligence, electrification, autonomous driving and digital mobility services.    The first strategic investment as… Continue reading Volvo Cars bets big on tech start-ups, launches investment fund

Volvo invests in startups

The Swedish carmaker Volvo is now launching an investment fund for startups. Autonomous drive technology – Complete system solution. Source: Volvo Almost all industry stakeholders see themselves at the startups after innovations around and so some idea is already in the models incorporated, Now Volvo goes the same way, advertising that the startups can realize… Continue reading Volvo invests in startups

Volvo Cars launches investment fund aimed at technology start-ups

Volvo Cars launches investment fund aimed at technology start-ups   Volvo Cars, the premium car maker, has launched a new investment fund aimed at investing in high potential technology start-ups around the globe.   The aim of the Volvo Cars Tech Fund is to invest in strategic technology trends that are transforming the industry, such… Continue reading Volvo Cars launches investment fund aimed at technology start-ups

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Geely Held Informal Talks With Fiat Chrysler Before Daimler Deal

Zhejiang Geely Holding Group Co. held informal talks about the potential takeover of Fiat Chrysler Automobiles NV before the Chinese manufacturer turned its attention toward Daimler AG, according to people familiar with the matter. Li Shufu, the Chinese billionaire who controls Geely, approached the Italian-American carmaker in the middle of last year as he was… Continue reading Geely Held Informal Talks With Fiat Chrysler Before Daimler Deal

Creating Driving Tests for Self-⁠Driving Cars

Illustration: Jude Buffum At a test track east of Gothenburg, Sweden, people are ushered into autonomous vehicles for a test drive. But there’s a twist: The vehicles aren’t actually autonomous—there’s a hidden driver in the back—and the people are participating in an experiment to discover how they’ll behave when the car is chauffeuring them around. At Zenuity—a… Continue reading Creating Driving Tests for Self-⁠Driving Cars

CEO of Geely-owned Volvo Cars loses board seat at truck maker after Li Shufu buys Daimler stake

Swedish truck maker AB Volvo dropped the chief executive of Volvo Cars from its board after Chinese billionaire Li Shufu, founder and chairman of Zhejiang Geely Holding Group, bought a 9.7 per cent stake in German car manufacturer Daimler. The move is the latest sign that the global auto industry is ratcheting up pressure on… Continue reading CEO of Geely-owned Volvo Cars loses board seat at truck maker after Li Shufu buys Daimler stake

Aston Martin is looking for a shoulder to lean on

Even James Bond always ends up relying on someone, or someone. Aston Martin has regained its luster, but the British manufacturer of luxury cars dear to the secret agent has still been thinking of finding a shoulder, by the end of the year perhaps. “We are building a company that can survive by selling at… Continue reading Aston Martin is looking for a shoulder to lean on

Volkswagen increases dividend: Record profit, record sales – but VW remains cautious

All articles and backgrounds 02/23/2018 Volkswagen raises dividend record profit, record sales – but VW remains cautious DPA VW CEO Matthias Müller: More profit, more sales, more dividend Money machine despite the diesel scandal: Europe’s largest car maker Volkswagen Show stock market chart has almost doubled its operating profit in the midst of scandals and… Continue reading Volkswagen increases dividend: Record profit, record sales – but VW remains cautious