BMW and Volvo to trial new LME steel contracts
European automakers BMW and Volvo prepare to experiment with steel contracts to be introduced by the London Metal Exchange early 2019, a move which could ultimately modify the way the industry hedges and prices contracts, industry sources stated. The LME is introducing three hot rolled coil (HRC) steel futures expanding in Europe, North America and
Volvo is not thinking of diesel car retrofits in Germany
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:
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2019 Volvo S60 Enters Production at New South Carolina Plant
Volvo has made its very earliest car in their US plant located in South Carolina. Units of the 2019 Volvo S60 are now rolling off the line at the new plant. The next-generation midsize sedan is going to arrive in Volvo dealerships in the U.S. this year. Volvo will export 50% of the sedans constructed
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Volvo Cars seeks U.S. tariff exemption for SUV made in China
Volvo Cars has asked the Trump administration to exempt the company’s Chinese-made mid-size XC60 SUV from new 25 percent tariffs, the most recent automaker to seek relief from new levies on imports from China. The automaker verified on Friday it has sought an exemption with the U.S. Trade Representative’s Office (USTR) for the well known
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Volvo Cars drops IPO following trade tensions and auto stocks slump
Volvo Cars and its Chinese owner Geely have delayed plans to float shares in the Swedish automaker, putting blame on trade tensions and a slump in automotive stocks. But while Volvo’s strategies for a Stockholm listing were postponed indefinitely, Britain’s Aston Martin decided to push ahead with its own initial public offering. “We’ve come to
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New Volvo V60 Wagon and XC40 Compact SUV to Make North American Debut
The new Volvo V60 wagon and a luxury trim of the XC40 compact SUV is going to make their North American debuts at the New York International Auto Show in the upcoming week. As Volvo Cars shifts into its next growth stage, the new Volvo V60 wagon and a luxury trim of the XC40 compact
Volvo appoints Martin Weissburg to head Mack Trucks
Truck and construction devices maker AB Volvo stated on Friday it had appointed Martin Weissburg, presently head of Volvo’s construction equipment arm, to head its Mack Trucks brand. Weissburg has had a considerable successful four-year tenure as head of Volvo Construction Equipment (VCE), which represents around a fifth of Volvo’s overall sales, and has reported
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Geely-Volvo planning to make Lynk & Co cars in Belgium, South Carolina
Geely Holding Group and its Volvo Cars unit are thinking about making Lynk & Co branded automobiles at Volvo plants in Belgium and the United States state of South Carolina, a senior Lynk & Co official informed Reuters. The Lynk & Co brand is jointly owned by Geely and Volvo Cars, and sales of the
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Uber orders 24,000 Volvo XC90s for their driverless fleet
Uber prepares to buy up to 24,000 self-driving cars from Volvo, marking the shift of the United States firm from an app known for summoning a taxi to the owner and operator of a fleet of vehicles. The non-binding framework deal might provide San Francisco-based Uber a way to conquer setbacks at its autonomous driving
2018 Volvo XC40 unveiled in latest upmarket shift under Geely
Volvo Cars displayed its first compact SUV on Thursday with the launch of its brand-new XC40 model, the newest in a sweeping overhaul of the automaker’s line-up under Geely Holding Group. Volvo will look to emulate the success of its XC90 and the popular XC60 SUVs, which have put it on course for a straight
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Volvo Cars plans U.S. plant expansion and boost investment twice
Volvo Cars is increasing its investment twice in its first U.S. plant under construction to include a second production line at an overall cost of $1 billion, a source with understanding of the plans stated, as the automaker heads for a 4th straight year of record sales. The move to raise capacity even prior the
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Geely Holding Acquires Terrafugia Flying Car Company
The motor industry presently seems fixated on bringing driverless vehicles to roads, however some are looking things beyond that to a point where vehicles might be able to do without roads as frequently as they can cope without a human driving them. Mainly, flying cars have always been the stuff of comics and dream visions
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Volvo’s new models from 2019 to go all electric or hybrid
All Volvo vehicle models introduced after 2019 will be electric or hybrids, the automaker stated on Wednesday, making it the first significant traditional automaker to schedule a date for phasing out vehicles powered entirely by the internal combustion engine. The Sweden-based automaker will continue to produce pure combustion-engine Volvos from models released prior to that
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Volvo XC40 revisited, head of design team talks about upcoming models
For the new 60 Series, Volvo opted for a more muscular exterior to stress that their mid-sized SUV is not the seven-seater luxury one the XC90 was meant to be. But the head of design team, Thomas Ingenlath, says the Swedes will go much further for their approaching compacts, which can’t simply be smaller sized,
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Volvo assures efficient electric vehicles under Polestar brand
Polestar once represented the pinnacle of performance Volvos. Now, after being spun off, it’ll concentrate on the very same thing, but with more electrical power. Volvo revealed Wednesday that Polestar will be dividing from its parent business. The two will still work with each other however Polestar’s focus will change from constructing hi-po Volvos to
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