The automaker has launched a new XC40 Recharge Plug-in Hybrid T4, a second plug-in hybrid petrol-electric version of the premium compact SUV. Volvo’s progressive and wide-ranging electrification program has provided a second plug-in petrol-electric hybrid powertrain for the multi-award-winning XC40 compact SUV. The revealing of the new XC40 Recharge Plug-in Hybrid T4 increases consumer choice […]
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Geely seeks use platform with the help of Volvo to built cars in Malaysia
Chinese automaker Geely prepares to use a platform developed with input from Volvo Cars for creating new models in Malaysia for its partly owned Proton brand, a strategy that shows how it intends to accelerate its push to become China’s first global auto giant. The plans for Proton are just one strand of the automaker’s […]
Volvo announces recall of 2.2 million cars over seat belt cable
Volvo Cars stated on Wednesday it was recalling almost 2.2 million cars constructed between 2006 and 2019 over a potential issue with cables attached to their front seat belts in the company’s biggest recall ever. Volvo said it would get in touch with the owners of the affected models, such as the V60, V70, and […]
Volvo Cars sales increased 40% in May compared to a month ago
Volvo Cars, owned by China’s Geely Holding, stated on Wednesday it sold 40% more cars in May compared to April, as restrictions to control the spread of the COVID-19 coronavirus pandemic started to ease in some markets. While still observing the drop of 25.5% in May from a year earlier, the automaker sold 44,380 cars […]
Volvo Cars sales in May declined only 2.5 percent in the US
Volvo Cars USA reports 9,519 cars sold in May 2020, making it a strong month-over-month result, dropping only 2.5 percent. Overall year-to-date sales declined 18.2 percent Sales were down just 2.5 percent, and the number reflects a strong result from the automaker’s business Coronavirus restart plan, swift activation of digital tools to support consumers, and […]
Polestar’s first all-electric vehicle to start at $59,900 in the US
Polestar, the electric performance brand spun out of Volvo Cars, stated the base price of its first all-electric vehicle is going to be $59,900 in the United States, lower than originally assumed. The 2021 Polestar 2, an electric performance fastback, is the first electric vehicle to come out of a brand that was reintroduced three years earlier. Polestar […]
Daimler partners with Volvo for $1.3 billion Hydrogen fuel-cell joint venture
German automaker Daimler has announced on Tuesday that it is collaborating with Swedish auto giant Volvo to establish a $1.3 billion joint venture to make Hydrogen fuel-cell for trucks. Both the automaker are looking for green mobility options aggressively and the joint venture comes as part of their upcoming strategy. As Daimler Truck chairman Martin […]
Volvo Cars to resume production in Sweden next week
Volvo Cars will restart its Torslanda factory and offices in Sweden next week after overhauling its production processes to help avoid coronavirus infections, after a three week shutdown led by the pandemic, the automaker stated on Friday. Volvo’s factory located in Ghent, Belgium, will restart on 20 April, but at decreased production output and the […]
Volvo Cars first quarter global sales dropped 18 percent
Volvo Cars sold 131,889 cars in the first quarter of 2020, dropping 18.2 per cent compared with the same period in 2019. The company’s global sales performance was hit by the continued spread of the coronavirus pandemic. In March, Volvo Cars global sales reached 46,395 cars, dropping 31.2 per cent compared with the same period […]
Volvo Cars in talks with California to reach emissions deal
Volvo Cars confirmed that it is in talks with California to reach a voluntary emissions agreement. Mary Nichols, who heads the California Air Resources Board, revealed earlier Volvo planned to join Ford Motor, Honda Motor, BMW AG and Volkswagen AG . In July, the four struck an agreement with California to embrace emissions standards that were more strict than the Trump […]
Volvo recalls 121,000 cars due to auto emergency braking failure
Volvo has issued a recall concerning 121,605 of its vehicles for possible automatic emergency failure. The automaker filed with the National Highway Traffic Safety Administration (NHTSA) last week. Automatic emergency braking has brought the maximum convenience for a lot of drivers and passengers. It’s a function that makes people safe, but if the system is […]
Volvo Cars to close plants in U.S. and Sweden due to coronavirus
Volvo Cars is suspending production at its factories located in Sweden, the United States and Belgium, to deal with the spread of the coronavirus, the company stated on Friday, even as it restarts manufacturing in China where the infection rate has decreased. Volvo’s Swedish factories located in Torslanda, Skovde, Olofstrom, and its U.S. plant in […]
Geely Holdings considering merger deal with Volvo Cars
Volvo Cars and its owner Geely Holding stated Monday they are thinking about combining their businesses to form a company that would speed up “financial and technological synergies between the two companies”. A combined company would maintain the unique identity of each of the brands Volvo, Geely, Lynk & Co and Polestar, Volvo’s electric brand. […]
Volvo Cars wants to be climate neutral by 2040
Volvo Cars is aiming at a 40% reduction in the carbon footprint of every car it manufactures by 2025 as it bids to become fully climate neutral by 2040, it stated on Wednesday. The company wants to reach the 2025 targets through a string of measures, such as generating 50% of worldwide sales from fully […]
Volvo Cars is slashing several hundred jobs
Volvo Cars is cutting several hundred jobs according to Swedish radio, which cited sources for the information. The automaker, whose amount of workers has more than doubled during the past decade to about 43,000, confirmed it was revisiting staff and other costs to make sure its business had the “right skills”. “As a growing company, […]
