The forthcoming Lotus SUV is set to position the Norfolk-based sports car brand as a more luxury car maker than previously – and could be the first in a series of crossover machines from the firm. The project was one of the first signed off by Chinese company Geely after it bought the British firm last year. As previously revealed by… Continue reading Lotus SUV will put brand in ‘more luxury’ market
Tag: Geely
Volvo Cars’ first quarter 2018 operating profit rises 3.6 per cent to SEK 3,616 million
Volvo Cars’ first quarter 2018 operating profit rises 3.6 per cent to SEK 3,616 million Volvo Cars, the premium car maker, today reports its financial result for the first quarter of 2018. Highlights from the financial report include the following: First quarter: Operating profit of MSEK 3,616, an increase of 3.6 per cent… Continue reading Volvo Cars’ first quarter 2018 operating profit rises 3.6 per cent to SEK 3,616 million
Visteon Announces First-Quarter 2018 Results
View the first-quarter 2018 financial summary infographic Visteon Announces First-Quarter 2018 Results Delivered solid financial performance Sales of $814 million Net income of $65 million Adjusted EBITDA of $104 million Net cash generated from operating activities of $81 million Adjusted free cash flow of $48 million Awarded $1.6 billion in new business Multiple SmartCore™ awards… Continue reading Visteon Announces First-Quarter 2018 Results
Waylands Automotive to open new Volvo dealership in Reading
Waylands Automotive has started work on a multi-million-pound Volvo eight-car showroom and workshop, which will become Volvo Cars Reading’s new home in November. Volvo Cars Reading opened for business towards the end of last year under the ownership of Waylands Automotive, headed up by ex-Ridgeway Garages CEO John O’Hanlon. The opening is part of a… Continue reading Waylands Automotive to open new Volvo dealership in Reading
Abandoned Car! Ford Dropping All Passenger-Car Models Except Mustang
In an unprecedented move that may reshape the entire auto industry, Ford will stop building all sedans and hatchbacks and shift production to crossovers and trucks. It is, by far, the company’s most dramatic production change in its 115-year history since Henry Ford adopted the assembly line. In its first-quarter statement on Wednesday, the company… Continue reading Abandoned Car! Ford Dropping All Passenger-Car Models Except Mustang
Geely, Aisin sets up automatic transmission JV
A Geely Emgrand EV300 is on display at an auto exhibition in Fuzhou, East China’s Fujian province, June 19, 2017. [Photo/VCG] HANGZHOU – Chinese automaker Geely on Wednesday announced that it has signed a deal to set up an automatic transmission joint venture with Japan’s Aisin AW. The joint venture has a registered capital of… Continue reading Geely, Aisin sets up automatic transmission JV
Volvo’s Polestar 1 luxury hybrid will cost $155,000
Polestar At the Geneva Motor Show last month, Volvo flaunted its long-range plug-in hybrid Polestar 1, which can pull with 600 horsepower thanks to its two electric motors and a 2.0 liter turbo engine. The final price on such a beast has just been revealed at Auto China 2018 in Beijing: $155,000 in the US,… Continue reading Volvo’s Polestar 1 luxury hybrid will cost $155,000
50% of the cars sold by Volvo in 2025 will be electric
Posted 04/25/2018 11:23 PM: 37CET GÖTEBORG (SWEDEN), 25 Apr (EUROPA PRESS) – The Swedish automotive firm Volvo Cars expects 50% of its worldwide registrations to correspond to electric vehicles for the year 2025, according to the company, which affirmed that its new models launched since 2019 will have medium hybrid, plug-in hybrid and 100% hybrid… Continue reading 50% of the cars sold by Volvo in 2025 will be electric
Press Releases – Urban vehicle access regulations require EU stakeholder dialogue
Brussels, 25 April 2018 – Representatives of European cities and automobile manufacturers call on the European Commission to continue to support the ongoing dialogue between all players involved in urban vehicle access regulations (UVARs). Dialogue is necessary to assess the impact of UVARs on mobility, and to achieve a more coordinated approach across the EU.… Continue reading Press Releases – Urban vehicle access regulations require EU stakeholder dialogue
Car: Every second Volvo should have from 2025 pure electric drive
Volvo wants to sell in the year 2025 half of all vehicles with a purely electric drive. Starting in 2019, a mild hybrid, a plug-in hybrid or a purely battery-electric vehicle is to be offered in each new series presented. April 25, 2018, 8:48 am, Andreas Donath For Volvo, the future is China and the… Continue reading Car: Every second Volvo should have from 2025 pure electric drive