The Bloodhound SSC – the British 1000mph Eurofighter-jet-powered land speed record challenger – looks set to make its first record attempt at the end of 2019 despite major setbacks to funding. Thanks to a shift in plans, the Bloodhound team, which recently lost composites suppliers that have fallen into receivership, is scheduled to make its first high-speed runs on South Africa’s Northern… Continue reading First Bloodhound SSC speed record attempt confirmed for 2019
Tag: Geely
Volvo S60 spearheads brand’s no-diesel future
The upcoming Volvo S60 saloon will be launched without a diesel option as the brand moves away from the black pump and towards a fully electrified range. A rival to the BMW 3 Series, Audi A4 and Mercedes-Benz C-Class, the S60 will be unveiled in the coming weeks as the sister car to the V60 estate and… Continue reading Volvo S60 spearheads brand’s no-diesel future
Volvo CEO says focussed on electrification, automation regardless of IPO
LONDON, May 16 (Reuters) – Volvo is working on how to meet the challenges of electrification and self-driving cars and has the funds to do so regardless of whether the firm launches a stock market flotation, its boss said on Wednesday. “We need to address these issues with electrification and automated drive,” Hakan Samuelsson said… Continue reading Volvo CEO says focussed on electrification, automation regardless of IPO
Volvo Cars to eliminate diesel from the new S60 sedan
Volvo Cars to eliminate diesel from the new S60 sedan The new Volvo S60 sedan – to be launched later this spring – will be the first Volvo to be produced without a diesel engine, highlighting Volvo Cars’ commitment to a long-term future beyond the traditional combustion engine. All new Volvo models launched from 2019… Continue reading Volvo Cars to eliminate diesel from the new S60 sedan
Press Releases – ‘Active’ vehicle safety most effective, new analysis of accident data shows
Brussels, 15 May 2018 – Ahead of the publication of the European Commission’s proposal for new vehicle safety measures later this week, the European Automobile Manufacturers’ Association (ACEA) calls for a strong focus on active safety technologies, which can prevent accidents from happening. Over the past decades, passive safety systems – like pre-tensioned seatbelts, airbags… Continue reading Press Releases – ‘Active’ vehicle safety most effective, new analysis of accident data shows
Geely considering dual-location stock market flotation of Volvo
Chinese car giant Geely is considering floating Volvo on the Hong Kong and Stockholm stock exchanges. According to Bloomberg, the burgeoning Swedish brand’s parent company has consulted three major banking firms – Goldman Sachs, Citigroup and Morgan Stanley – on the possible move. Sources disclosed that a company value of between £12 billion and £22 billion is… Continue reading Geely considering dual-location stock market flotation of Volvo
Daimler major shareholder: Li Shufu was late – now threatens million fine
All articles and backgrounds 05/14/2018 Daimler major shareholder Li Shufu was late – now threatens million fine [M] AFP; DPA Major Daimler shareholder Li Shufu, Daimler CEO Dieter Zetsche: Access from China Due to missed deadlines when joining in Daimler could be the Chinese carmaker Geely to a million-fined fine. As the “Frankfurter Allgemeine Zeitung”… Continue reading Daimler major shareholder: Li Shufu was late – now threatens million fine
German regulator says Geely’s Daimler stake needed earlier disclosure -report
FRANKFURT (Reuters) – German markets regulator BaFin has found that transactions to buy a 9.69 percent Daimler stake on behalf of Geely chairman Li Shufu did not meet German disclosure rules, Germany’s Frankfurter Allgemeine Zeitung said. Investment bank Morgan Stanley should have disclosed its transactions on Feb. 22, 2018 rather than on Feb. 23, Frankfurter… Continue reading German regulator says Geely’s Daimler stake needed earlier disclosure -report
Daimler: Geely threatens million fine for Daimler entry
Li Shufu The Geely founder is a major shareholder at Daimler. (Photo: obs) Dusseldorf / Frankfurt Negotiations on large deals are often sealed only in the early morning hours. That was the beginning of the Chinese automaker Geely at Daimler not otherwise. By the evening of February 22, the negotiations were well advanced. There left… Continue reading Daimler: Geely threatens million fine for Daimler entry
Geely threatens fine in the millions
With a spectacular coup Geely became a major shareholder of Daimler. But the Chinese automaker is said to have reported its involvement of the Financial Services Authority too late. A delicate punishment threatens. Geely owner Li Shufu and Daimler CEO Dieter Zetsche Saturday, 12.05.2018 14:23 clock Due to missed registration deadlines at the Daimler entry,… Continue reading Geely threatens fine in the millions