STOCKHOLM, July 23, 2021 /PRNewswire/ — Financial Summary – Q2’21 Sequential improvement in operating loss and cash flow despite lower than expected LVP and continued supply chain challenges Net Sales $398 million, Net sales increase 116%, Organic Sales1 108% Active Safety Net Sales increase 149%, Organic Sales increase 140% Operating cash flow $(69) million. Cash… Continue reading Financial Report April – June 2021: Veoneer
Tag: Geely
Daimler aims to be ready for all-electric car market by 2030
LONDON (Reuters) — Mercedes-Benz maker Daimler plans to invest more than 40 billion euros ($47 billion) between 2022 and 2030 to develop battery electric vehicles (EVs), and be ready for an all-electric car market by the end of that period. Outlining its strategy for an electric future, the German luxury carmaker said on Thursday it… Continue reading Daimler aims to be ready for all-electric car market by 2030
Volvo IPO: Geely tie underpins worth amid east-west tensions
Simplifying the relationship with the Geely group should make it easier to attract investors Go to Source
Daimler to invest more than 40 billion euros by 2030 in electric vehicles
By Nick Carey 3 Min Read LONDON (Reuters) -Mercedes-Benz maker Daimler plans to invest more than 40 billion euros ($47 billion) between 2022 and 2030 to develop battery electric vehicles (EVs), and be ready for an all-electric car market by the end of that period. Slideshow ( 2 images ) Outlining its strategy for an… Continue reading Daimler to invest more than 40 billion euros by 2030 in electric vehicles
@Geely-Volvo: Reminder: Volvo Car Group half-year financial results, 2021
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UVeye gets $60 million investment in Series C funding to support global expansion
Israel-based UVeye, a supplier of high-speed vehicle inspection systems for the auto industry has received $60 million (Rs 445 crore) in additional funding to support its global expansion plans. The company says CarMax, W.R. Berkley Corporation and F.I.T. Ventures are among the participants in UVeye’s Series C funding round. UVeye counts Volvo Cars, Hyundai Motors… Continue reading UVeye gets $60 million investment in Series C funding to support global expansion
Eyeing IPO, Volvo Cars to take full control of its Chinese business
Volvo Cars has struck a deal to buy out parent company Zhejiang Geely Holding from their joint ventures in China, in a move that could make a potential initial public offering (IPO) for the Swedish automaker more attractive to investors. Hangzhou-based Geely, which also owns a 9.7% stake in Daimler, said earlier this year it was… Continue reading Eyeing IPO, Volvo Cars to take full control of its Chinese business
@Geely-Volvo: Volvo Cars to take full ownership of its Chinese manufacturing and sales operations
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@Geely: Geely Launches Newest High-End Flagship SUV – Xingyue L
• Geely Auto launched its newest high-end flagship SUV – Xingyue L• Empowered by advanced technologies to offer unparalleled luxury and user experience• First Geely model capable of going beyond L2 autonomy with 100% automated valet system and HWA Highway Assist• Geely Xingyue L to be one of the first to offer Geely GHS2.0 hybrid… Continue reading @Geely: Geely Launches Newest High-End Flagship SUV – Xingyue L
Running low on battery power: Brexit Britain faces an acid test
By Nick Carey and Barbara Lewis New Delhi: Britain has set a fast pace in the electric vehicle race with its 2030 ban on sales of new fossil fuel-powered cars and has offered 1 billion pounds ($1.4 billion) to jump start its battery industry and associated supply chain. But the cash and the headline-grabbing deadline… Continue reading Running low on battery power: Brexit Britain faces an acid test