Tag: Volvo

Volvo Cars gears up for a renewed push in the Indian luxury market

Martin Persson, head of Volvo Cars for Asia Pacific, excluding China (APeC), has no illusions about his company’s way forward in the Indian market. Even as he reveals that the Swedish automaker is preparing a new ‘comprehensive plan’ to realise the ‘enormous potential’ of India, he hastens to add that he doesn’t expect it to… Continue reading Volvo Cars gears up for a renewed push in the Indian luxury market

Clean Technica: EVs Take 94.3% Share In Norway — New Record High003530

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! July saw plugin EVs take 94.3% share in Norway, up from 89.9% year on year. BEVs alone took almost 92% of the market, close to a record, and PHEVs contributed 2.4%. Overall auto volume was 6,456 units, down 14%… Continue reading Clean Technica: EVs Take 94.3% Share In Norway — New Record High003530

CV sales slip 12% YoY in July amidst headwinds

India’s commercial vehicle (CV) industry encountered a challenging July, with wholesale volumes of four listed OEMs declining by 12% year-on-year (YoY). The downturn was largely attributed to a high base effect from the previous year and the lingering impact of the post-election transition period. Industry experts echoed these sentiments. Kinjal Shah, Senior Vice President and… Continue reading CV sales slip 12% YoY in July amidst headwinds

VECV’s July 2024 wholesales jumped 12.7% YoY to 6622 units 

VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) recorded sales of 6622 units in July 2024, as compared to 5877 units in July 2023, a growth of 12.7% This includes 6444 units of Eicher brand and 178 units of Volvo brand, the company stated in a statement.  Elaborating further, the company… Continue reading VECV’s July 2024 wholesales jumped 12.7% YoY to 6622 units 

Clean Technica: EVs At 59.6% Share In Sweden — Still Stuck In Reverse003528

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! July’s auto sales saw plugin EVs at 59.6% share in Sweden, almost flat YoY from 59.9%. BEV volumes were down YoY by 15%, while PHEVs grew by 9%. Overall auto volume was 16,337 units, down 6% YoY. The Tesla… Continue reading Clean Technica: EVs At 59.6% Share In Sweden — Still Stuck In Reverse003528

Chinese vehicles made in EU keep costs edge

BYD’s electric models attract visitors at a new energy auto expo in Beijing. [Photo by A QING /FOR CHINA DAILY] Chinese electric vehicle makers like BYD and Chery are charging up production in the European Union to dodge tariffs. On paper, they have an edge, but how long they keep their pole position will hinge… Continue reading Chinese vehicles made in EU keep costs edge

German Manager Magazine: News about Polestar, Flix, ZF, Deutsche Bahn and more in the newsletter “manage:mobility”003470

Dear reader, The last federal states have made it into the summer holidays. We are also treating ourselves to a short newsletter break over the next two weeks. Before that, you should put an appointment in your calendar, because we’ll be back with a highlight. “manage:mobility live” is entering a new round. Moderated by us,… Continue reading German Manager Magazine: News about Polestar, Flix, ZF, Deutsche Bahn and more in the newsletter “manage:mobility”003470

Stoneridge Reports Second Quarter 2024 Results

Q2 Operating Performance Significantly Outperforms Previously Provided Expectations Driven by Strong Margin Expansion 2024 Second Quarter Results Sales of $237.1 million Gross profit of $53.7 million (22.7% of sales) Operating income of $3.4 million Adjusted operating income of $5.4 million (2.3% of sales) Adjusted EBITDA of $16.1 million (6.8% of sales) Earnings per share (“EPS”)… Continue reading Stoneridge Reports Second Quarter 2024 Results