Volvo Cars in talks with California to reach emissions deal

Images of Volvo Concept 40 Series EV Electric

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

2018 Volvo XC40 images

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 […]

Geely Holdings considering merger deal with Volvo Cars

Geely Holdings and 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 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 […]