Volvo raises $215 million in bond issue months following failed IPO

Images of Volvo Concept 40 Series EV Electric

Sweden’s Volvo Cars has raised some 2 billion Swedish crowns ($215 million) in a bond issue just five months after the Chinese-owned carmaker terminated plans for a stock market flotation, blaming trade tensions and a downturn in the sector. Carmakers like Volvo face heavy expenditure in developing electric and driverless cars, just as diesel engines […]

Volvo is not thinking of diesel car retrofits in Germany

Volvo XC40

Volvo is not thinking of any hardware retrofits for diesel vehicles in Germany, a company spokeswoman stated on Monday, rejecting a report by Germany’s Der Spiegel magazine that included that the Swedish automaker was mulling that option. “They’re drawing the wrong conclusions,” the spokeswoman stated. Volvo is following the discussion in Germany, she stated, including: […]