Geely Holding said it had reached agreement to acquire 8.2 pc of Volvo Trucks, strengthening the Chinese automotive group’s international operations and raising the possibility that the two separate Swedish companies bearing the Volvo name could be united once more. Geely said its stake in AB Volvo, the trucking group, will make it the largest Read More..
Volvo Cars, in a move aimed at distinguishing itself from its big premium-segment competitors, said it will equip all cars it launches from 2019 onwards with electric motors. The decision doesn’t mean Volvo is phasing out the combustion engine. But the Swedish car company said all models will have electric motors, regardless of whether they Read More..
Geely Automobile said its parent company, Zhejiang Geely Holding Group, has agreed in principle to buy significant equity stakes in Malaysian carmaker Proton and Proton-owned British specialty race car company Lotus. In a filing with the Hong Kong Stock Exchange, where Geely Automobile’s shares areÂ listed, the carmaker said the holding company has reached “a binding Read More..
Volvo Cars has appointed Henrik Green senior vice president research & development, moving a company insider into a key management position. Green, 43, is currently in charge of sales and production planning and customer service at the Swedish car company. He succeeds Peter Mertens, who is moving to Audi to become head of R&D at Read More..
BERLIN — Volvo Cars and its newly established sister brand Lynk & Co will have the ability to update software in their new cars over the air (OTA) next year, a senior Volvo executive said Thursday. OTA will be a feature of the new Compact Modular Architecture (CMA) that Volvo and its Chinese parent Geely Read More..
GOTHENBURG — Western carmakers occasionally launch new global brands. In 2015, Hyundai did so with its Genesis luxury marque and PSA/Peugeot-Citroen turned its DS into a separate near-premium brand. But few Chinese automakers have to date taken the step. True, Chery in 2011 created Qoros, a joint venture with Israeli investors and the brand launched Read More..
GOTHENBURG — China’s Geely will next year start selling an upmarket global volume brand called Lynk & Co, saying that its first model, the Lynk & Co 01 compact SUV, will be “the most connected car to date.” Seamless and easy-to-use connectivity will be central to the image of the new brand, Geely and Volvo Read More..
Volvo Cars, responding to growing anti-diesel sentiment, said it will build a full electric car that will be onÂ sale by 2019. The Swedish car brand also saidÂ it expects that, in two years, one of out 10 Volvos sold will be electrical. To achieve this, it plans to introduce plug-in hybrid versions of all its models. Read More..
Volvo Cars has appointed Bjorn Anwall, a McKinsey management consultant, to head its global sales and marketing. Anwall replaces Alain Visser, who is taking on a similar sales role at China’s Geely, the parent company of Volvo. Visser said in a press release that he is taking on “the challenge of building a global Chinese Read More..
Volvo Cars CIO Klas Bendrik has been promoted to a new senior vice president position, as the Swedish carmaker acknowledges the growing importance of IT across its model lineup. The move underlines “the key role technology will play for carmakers in future as they develop their connectivity products and services,” Volvo said in a press Read More..