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
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, […]
Volvo Offers Post-Crash Guidance to Traumatized Owners via ‘Advisor’ App
To be honest, it is quite satisfying to see Volvo, the famous Swedish automaker, actually caring about its customers by striving to ensure their complete safety on the roads. Human life is a single-tracked essence, after all, and it is a shame to see it so easily wasted on roadside crashes and accidents. According to […]
Volvo Cars warn of pulling electric cars out of the US
Volvo Cars, owned by Zhejiang Geely Holding in China, is not going to sell its all-electric Polestar models in the United States if the company has to deal with tariffs on exports from China, the Financial Times reported on Wednesday. “The business case for bringing the car to the U.S. is highly relied on the […]
Volvo to control car speeds in bid for zero fatalities
Volvo Cars stated on Monday it will release a 180 km per hour (112 mph) speed limiter on all recent vehicles as the Swedish automaker looks to smooth its safety credentials and meet a promise to remove passenger fatalities by 2020. While Volvo, whose XC90 flagship SUV presently has a top speed of 212 km/h, […]
Volvo announces Polestar 2, aimed to compete with Tesla Model 3
Tesla is seeing another potential competitor in the electric vehicle market. Polestar, Volvo’s standalone electric vehicle brand, is revealing its Polestar 2 model, a five-door car that will have two electric motors. According to the company, the car is aimed to travel up to 275 miles on a single charge with its 78kWh battery. With […]
Volvo raises $215 million in bond issue months following failed IPO
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 recalls more than 200,000 cars to repair fuel leak issue
Volvo Cars, owned by Zhejiang Geely Holding Group, is voluntarily recalling an estimated of 200,000 cars after it discovered an engineering issue that could potentially result fuel leakage in the engine compartment over time. The group said its investigation had identified that some vehicles may have small cracks within one of the fuel lines in […]
Volvo Cars postpones plan to build Lynk & Co vehicles in Belgium
Volvo Cars has decided to postpone building Lynk & Co branded vehicles at its plant at Ghent in Belgium due to increased macro-economic uncertainty, a spokesman for the Geely-owned Swedish automaker stated on Friday. Lynk & Co, co-owned by Volvo’s owner and its two brands Volvo and Geely Auto, started selling its first model in […]
Volvo prepares to assemble hybrid cars in India from 2019
Volvo Cars thinks about assembling plug-in hybrid variant of its premium SUV XC 90 in India from 2019 Swedish automaker Volvo Cars is thinking about assemble plug-in hybrid variant of its premium SUV XC 90 in India from next year, a top company official stated on Thursday. The company is also preparing to drive in […]
