Steven Armstrong is group vice president and president of Europe, Middle East and Africa, Ford Motor Company, a position he was named to on June 1, 2017. In this role, he is responsible for leading the transformation of Ford’s European and Middle East and Africa business units, building a sustainably profitable business through an unprecedented… Continue reading Steven Armstrong
Tag: Geely
Volvo recalls over 200,000 cars to fix fuel leak issue
STOCKHOLM (Reuters) – Volvo Cars, which is owned by China’s Zhejiang Geely Holding Group [GEELY.UL], is voluntarily recalling about 200,000 cars after it found an engineering issue that could potentially cause fuel leakage in the engine compartment over time. FILE PHOTO: A Volvo logo is seen during an interview with CEO Hakan Samuelsson at the… Continue reading Volvo recalls over 200,000 cars to fix fuel leak issue
New Audi A6 Allroad spied ahead of imminent launch
Audi is expected to pull the wraps off its new A6 Allroad in the coming weeks, and new spy images show the model testing on the road with light disguise. The jacked-up estate moves into its fourth generation this year, sticking close to the original brief of offering the same level of practicality as a standard… Continue reading New Audi A6 Allroad spied ahead of imminent launch
TomTom to sell Telematics unit to Japan’s Bridgestone for $1.03b
January 22, 2019 TomTom, the Dutch navigation and digital maps company, said on Tuesday it has agreed to sell its Telematics, or the fleet management business, to Japan’s Bridgestone for 910 million euros (£802.5 million or $1.03 billion). The company will return 750 million euros of that to shareholders via a capital repayment and share… Continue reading TomTom to sell Telematics unit to Japan’s Bridgestone for $1.03b
Exclusive: Tesla holds battery supply talks with China’s Lishen
BEIJING (Reuters) – U.S. electric vehicle (EV) maker Tesla Inc (TSLA.O) has held talks with China’s Tianjin Lishen to supply batteries for its new Shanghai factory, and two people with direct knowledge of the matter said the pair signed a preliminary agreement. FILE PHOTO: Visitors are seen at the booth of Lishen Battery at a… Continue reading Exclusive: Tesla holds battery supply talks with China’s Lishen
Exclusive: Tesla says it received battery quotes from China’s Lishen but no deal agreed
BEIJING (Reuters) – Tesla Inc (TSLA.O) said on Tuesday it had received quotes from Tianjin Lishen to supply batteries for its new Shanghai electric car factory but had not signed any agreement with the Chinese firm. FILE PHOTO: Visitors are seen at the booth of Lishen Battery at a new energy expo in Beijing, China… Continue reading Exclusive: Tesla says it received battery quotes from China’s Lishen but no deal agreed
Waiving for diesel: Volvo builds electric excavators and e-wheel loaders
Volvo wants to launch a series of electric compact excavators and wheel loaders by mid-2020 and stop the development of new diesel engine models. January 18, 2019, 7:14 am, Michael Linden Volvo L28 (Image: Volvo) Volvo wants its compact excavators and wheel loaders in the future offer only with electric motors, New diesel models are… Continue reading Waiving for diesel: Volvo builds electric excavators and e-wheel loaders
California dealers try to stop Volvo’s car subscription service
A trade group representing California car and truck dealerships has filed a petition with the state’s New Motor Vehicle Board to stop Volvo from offering cars on a subscription model. The filing, first reported by Teslarati, is an escalation of the dealer group’s effort to disrupt Volvo’s subscription program, which became public late last year… Continue reading California dealers try to stop Volvo’s car subscription service
Volvo primed to replace V40 with SUV-coupe
The Volvo V40 will be indirectly replaced by an SUV-coupé in the next three years, in reaction to falling sales and the need to accommodate electrification. Lex Kerssemakers, Volvo‘s European boss, confirmed to Autocar that the V40 will not be replaced directly but said that it would be superseded by a higher-riding model. He is confident that Volvo… Continue reading Volvo primed to replace V40 with SUV-coupe
Lotus models to be built in new China factory
Future Lotus models are set to be produced in China, as owner Geely is developing a $1.3 billion (£1.01 billion) factory with a capacity of 150,000 vehicles a year. According to a Reuters report, the facility in Wuhan would provide an opportunity for the Norfolk-based sports car manufacturer to build SUVs as part of its… Continue reading Lotus models to be built in new China factory