Geely Automobile doubles profit on next-gen car sales increase

Geely automobile holding

China’s Geely Automobile Holding, whose unlisted parent controls Volvo, on Wednesday stated net profit more than doubled in last year, the most significant increase in 8 years as sales of its next-generation of automobiles overtook expectations. The Hangzhou-based automaker stated in a stock market filing that net profit for 2016 increased 126 percent to 5.1 […]

Autonomous Volvos to invade Gothenburg in first large-scale autonomous driving project

Volvo has recently announced plans to showcase the world’s first large-scale autonomous driving project in Gothenburg in Sweden. Dubbed as Drive Me, the project will enable 100 autonomous vehicles to travel on selected roads in and around Gothenburg. The roads cover approximately 50 km (31 miles) and cover highways as well as typical commuter arteries. […]