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..
Volvo CarsÂ and automotive supplier Autoliv plan to jointly develop next-generation autonomous driving software. The two Swedish companies said the planned new venture, which will be headquartered in Gothenburg,Â will develop advanced driver assistance systems (ADAS) and autonomous driveÂ technologies. Volvo will be able to use these systems in its cars and Autoliv can make them available to Read More..
Robert Bosch has openedÂ a SwedishÂ engineering center that focuses on connected mobility and other new technologies. The German automotive supplier said the new unit, which is located near the southern Swedish city of Lund, is developing software and hardware in areas that includeÂ vehicle connectivity, automotive security systems, and motorized two-wheelers. The center also is working on 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..
Volvo Cars said it is happy with the test results of a fleet of self-driving vehicles that is gaining experience around the city of Gothenburg. “The test cars are now able to handle lane following, speed adaption and merging traffic all by themselves,” said Erik Coelingh, a technical specialist at the Swedish carmaker. Volvo said Read More..
Renault is selling its remaining stake in AB Volvo and will use the proceeds to reduce debt and make investments both in France and internationally. The French carmaker said the 6.5 pc shareholding in the Swedish truck maker is being sold through a private placement in Sweden and elsewhere. The stake represents 17.2 pc of Read More..
Volvo Cars has appointed former MAN boss Hakan Samuelsson CEO of the Swedish automaker, succeeding Stefan Jacoby, who suffered a mild stroke in September. Jacoby will leave the company “after an amicable agreement,” Volvo said. The appointment of Samuelsson, a supervisory board member of Volvo since 2010, means the top position at Volvo Cars will Read More..
Chinese car manufacturer Zhejiang Youngman will buy a 29.9 pc stake in Spyker for 10 million euros, the Dutch luxury sports car maker said Monday. The two companies will also establish Â a joint venture to build a new range of cars. Youngman, which will pay 25 million euros into the venture, will hold 75 pc Read More..
Saab Automobile will get a chance to live on as an electric-vehicle brand following an investment group’s successful acquisition of some key corporate assets. National Electric Vehicle Sweden AB said it has agreed with bankruptcy administrators to acquire Saab’s main plant in Trollhaettan, Sweden, as well as the intellectual property rights for the Saab 9-3 Read More..