FILE PHOTO: A Volvo S60 is displayed during the inauguration of Volvo Cars first U.S. production plant in Ridgeville, South Carolina, U.S., June 20, 2018. REUTERS/Randall Hill/File Photo STOCKHOLM (Reuters) – Chinese-owned Volvo Cars said on Monday it had sold 5 billion Swedish crowns ($519 million) of convertible preference shares to a group of Swedish… Continue reading Volvo Cars refinances $500 million worth of preference shares with Swedish investors
Tag: Geely
@Geely: Mon 16 Dec 2019Lotus Evija: dynamic test notes (G. Kershaw)Latest shakedown follows extensive computer simulations, plus multiple sessions in UK and I…
Latest shakedown follows extensive computer simulations, plus multiple sessions in UK and Italy Date: 6 December 2019Driver: Gavan Kershaw, Director, Attributes and Product Integrity, Lotus CarsLocation: Hethel, Norfolk, UKCar: Lotus Evija engineering prototype #2 Pre-test notes: Latest shakedown follows extensive computer simulations, plus multiple sessions in UK and Italy. Engineering prototype #2 is the… Continue reading @Geely: Mon 16 Dec 2019Lotus Evija: dynamic test notes (G. Kershaw)Latest shakedown follows extensive computer simulations, plus multiple sessions in UK and I…
@Tata-JLR: A brief history of autonomous vehicles (or why we invested in Apex.AI)
Last week, we were excited to announce our latest investment in Apex.AI alongside Volvo Group Venture Capital and HELLA Ventures. Sam Clifton, Associate at InMotion Ventures, explores why we invested in the company. The DARPA Grand Challenge is often credited with reigniting academic and commercial interest in the autonomous vehicle (AV) space. Whilst the first AVs were… Continue reading @Tata-JLR: A brief history of autonomous vehicles (or why we invested in Apex.AI)
Uber submits appeal to regain London taxi licence
FILE PHOTO: A photo illustration shows the Uber app and a black cab in London, Britain June 26, 2018. REUTERS/Simon Dawson/Illustration LONDON (Reuters) – Uber submitted an appeal on Friday against a decision by London’s transport regulator to strip the taxi app of its right to operate in one its most important markets, setting up… Continue reading Uber submits appeal to regain London taxi licence
Bluespace.ai, a startup focused on AV technology for mass transit, gets $3.5 million in seed funding
Bluespace.ai, a new autonomous driving startup focused on mass transit, announced today that it has raised $3.5 million in seed funding led by Fusion Fund. Other investors include YouTube co-founder Steve Chen; UMC, the Taiwanese semiconductor foundry; Kakao Ventures; GDP Ventures; Atinum; Wasabi Ventures; Blue Ivy Ventures; Plug n Play; and SLV Capital. The startup… Continue reading Bluespace.ai, a startup focused on AV technology for mass transit, gets $3.5 million in seed funding
Daimler upbeat on sales prospects in China: executive
FILE PHOTO: The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke STUTTGART (Reuters) – Daimler (DAIGn.DE) is very positive about the prospects for selling luxury cars in China next year, the company’s China boss Hubertus Troska said on Friday. “It is going very well. China… Continue reading Daimler upbeat on sales prospects in China: executive
Scott Rafkin Appointed Volvo Group Chief Digital Officer
GOTHENBURG, Sweden, Dec. 13, 2019 /PRNewswire/ — Scott Rafkin, currently President of Volvo Financial Services, has been appointed to the new position of Executive Vice President and Chief Digital Officer for the Volvo Group, effective January 1, 2020. In this role he will be a member of the Executive Board and report to the Volvo… Continue reading Scott Rafkin Appointed Volvo Group Chief Digital Officer
Most Cadillacs will be electric by 2030, says GM
Sponsored Links Cadillac If you’re waiting for big companies to reduce their carbon emissions, you can forget about 2020. Apparently, 2030 is when we’ll start to see changes. That’s the year Amazon wants to make half its shipments carbon-neutral and Microsoft promises a 75 percent reduction in carbon emissions. Now, GM has another promise for… Continue reading Most Cadillacs will be electric by 2030, says GM
Volvo dealer network: Modernization on the right track
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Lidar: Geely gets the sensor from Quanergy
The lidar producer Quanergy will supply the Chinese manufacturer Geely with the sensor. The market for lidar sensors is currently in transition. The startup Aeva has reached new benchmarks in sensor development and the market leader Velodyne has his position on the Chinese market lost. Now it became known that the Chinese manufacturer Geely his… Continue reading Lidar: Geely gets the sensor from Quanergy