Funding a record breaker – the Bloodhound supersonic car

When the Bloodhound land speed project collapsed back in 2018 due to lack of funding, there were many among the manufacturing community who bemoaned the seemingly inevitable fact that without emergency capital the fate of the iconic multimillion-pound supersonic car would be the scrapyard. None were more determined to haul the near-ten-year project back from… Continue reading Funding a record breaker – the Bloodhound supersonic car

Sweden’s AB Volvo plans big shareholder payout as profit beats

STOCKHOLM (Reuters) – Swedish truck maker AB Volvo (VOLVb.ST) reported a smaller than expected fall in fourth-quarter earnings in the face of slowing demand and announced plans on Thursday for a payout to shareholders that exceeded market expectations. FILE PHOTO: Volvo S90 is displayed at a panel discussion about self-driving cars at Diaoyutai State Guesthouse… Continue reading Sweden’s AB Volvo plans big shareholder payout as profit beats

Volvo Group – The Fourth Quarter and Full Year 2019

GOTHENBURG, Sweden, Jan. 30, 2020 /PRNewswire/ —  “2019 was another good year for the Volvo Group. We grew net sales by 11% to SEK 432 billion and improved our adjusted operating income to SEK 47.9 billion (40.7), with a margin of 11.1% (10.4). During the year we also continued to increase our financial strength. With… Continue reading Volvo Group – The Fourth Quarter and Full Year 2019

Small car: The new E-Smarts are Daimler’s tiny CO2 hope

Smart EQ fortwo Daimler sold more than 18,400 fully electric smarts in 2018. (Photo: AP) Valencia finally tried Daimler at his Small car subsidiary Smart with humor. With lines like “Before Otto is just a first name”, the brand advertised its last models with a petrol engine last year. But that didn’t bring much. The… Continue reading Small car: The new E-Smarts are Daimler’s tiny CO2 hope

7-Seat All-Electric Volvo XC90 Coming In 2022

Within the next several years (by 2025), 50% of all Volvo sales globally will be all-electric cars (rest to be HEV/PHEV), which means huge changes in the lineup. The first all-electric model – Volvo XC40 Recharge – will be introduced this year. We guess that it will be followed by other BEVs from the 40-series… Continue reading 7-Seat All-Electric Volvo XC90 Coming In 2022

XC40 Recharge: all the details of the first electric Volvo

Engine technology: 400 km of autonomy The XC40 Recharge P8 is equipped with an electric all-wheel drive powertrain that guarantees an estimated range of over 400 km on a single charge, according to the Wltp approval cycle, and delivers a power of 408 cv. The 78 kWh battery can be recharged to 80% of its… Continue reading XC40 Recharge: all the details of the first electric Volvo

Kids can’t take Uber and Lyft rides alone. A startup thinks it found the perfect solution — and has backing from the US’s largest school-bus company

Uber and Lyft don’t allow unaccompanied minors under 18 years old, though the stipulation isn’t stopping some. To fill the gap, startups like Kango offer scheduled rides with trained caregivers in what they call “childcare as a service.” The startup’s backed by one of the world’s largest school-bus operators, founder Sara Schaer said in an… Continue reading Kids can’t take Uber and Lyft rides alone. A startup thinks it found the perfect solution — and has backing from the US’s largest school-bus company

Stoneacre launches new Volvo dealership in Sheffield

Stoneacre is launching a new Volvo dealership in Sheffield at a cost of £6m. The group is holding a launch event on 28 January, which will be attended by Kristian Elvefors, managing director of Volvo Car UK. The new site features Volvo’s signature lounge area with Scandi-style furniture. Large panoramic glass walls will allow customers… Continue reading Stoneacre launches new Volvo dealership in Sheffield

Press Releases – Auto industry sets out plan for carbon neutrality under EU Green Deal, amid shrinking market

Brussels, 22 January 2020 – Forecasting the first downturn in EU car sales in seven years this year, the European Automobile Manufacturers’ Association (ACEA) today outlined the major challenges faced by the EU auto industry, as it embarks on the transition to carbon-neutral transport. “One of the biggest drivers of change for our sector is… Continue reading Press Releases – Auto industry sets out plan for carbon neutrality under EU Green Deal, amid shrinking market