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
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
Litigation finance group Bentham Europe prepares to fund a potential 100 billion euro ($110 billion) damages claim against Europe’s most significant truck makers after they confessed to running a 14-year cost cartel. Bentham stated on Monday it intends to back a group action on behalf of truck purchasers who came down with the cartel including
Chinese automaker Geely will reveal the very first design in its new global car brand, Lynk & Co, on Thursday, a compact SUV that it hopes will attract metropolitan customers due to a function that makes it possible for owners to rent it out to others when not being used. The brand belongs to Geely’s
In case you have not noticed just yet, the Swedish automaker, Volvo, now belongs to a Chinese man by the name Li Shufu. As it turns out, this man also owns the Chinese automotive brand, Geely. Volvo is now reportedly working on a revival plan that will last through the next five years, during which
Volvo XC90 has been in production since 2002 with very little changes. Very impressive in todays world where automakers launch sometimes new generations sometimes in every five years. But the current XC90 is clearly by now out of date and needs a replacement very bad. Volvo has been working on the new XC90 for a
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.
Heico Sportiv and Volvo Switzerland have come together to create a limited edition V40 Sport 200. Set to debut at Auto Zurich, the exteriors of the Sport 200 is pretty stylish with features that include body side graphics, a stainless steel four-tailpipe exhaust system and 19-inch VOLUTION wheels. Under the hood, the model has been
Volvo has officially revealed their Concept Coupe ahead of its debut at the Frankfurt Motor Show in September. Designed with the intention to mark the end of Volvo’s vanilla days, the Concept Coupe is a luxurious Gran Tourer that would preview the company’s new styling language. In terms of exteriors, in the front, the Concept
Volvo has recently announced its plans to introduce a new range of engines called Drive-E and the same will first be available in Europe starting this fall. The new Drive-E range comes with two four-cylinder engines, one common-rail diesel and a direct-injected gasoline engine. In terms of diesel variants, the output varies from 120 hp
Volvo has revealed pricing details for its 2014MY U.S. lineup which includes S60, S80, XC60, XC70 and XC90 models. The 2014 S60 T5 can be easily stated as the most affordable Volvo that can be purchased in United States today and comes with a starting price of 32,400 USD. Its higher version, the S80, can
As per the latest report Volvo is planning the XC40 but it won’t be out until at least five years from now. The arrival of the XC90 successor will mark the debut of Volvo’s new Scalable Platform Architecture (SPA) platform in late 2014. However, SPA will not be compatible with a possible XC40 since the
Volvo has announced an official Volvo Polestar Racing team that will participate in next year’s V8 Supercars Championship. V8 Supercars team Garry Rogers Motorsport will produce two V8 Supercars Volvo S60s for the 2014 race. Polestar will be in charge of developing the V8 engine according to prescribed regulations. The engine must displace no more
Volvo has decided to give bid farewell to Volvo C30 and so the company has decided to give it a different type of send off. The company has kept a contest in which one lucky winner will get the last C30 built which will be an Ice White R-design model with the Polestar upgrade package.
Volvo has recently made an announcement of its plans to lease a restructured fleet of C30 Electrics to European consumers in the coming summer. The updated hatchback would be outfitted with a new Siemens electric motor that will be able to produce 120 HP (89 kW) and 250 Nm (184 lb-ft) of torque. It will