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..
Governments and carmakers should share traffic data to improve global traffic safety, Volvo Cars CEO Hakan Samuelsson said Monday. Speaking at a European Union conference on connected and automated driving, the Volvo chief said the Swedish carmaker has, for two years already, been sharing anonymized data with local Â authorities in Sweden and Norway. “We think Read More..
Volvo Cars said its new 90 Series cars will offer the Skype for Business communication tool. The option marks a further addition to the auto industry’s growing range of connected services. The Swedish premium car group said it is the first to provideÂ the Microsoft service, which offers a range of expanded Skype functions tailored to 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..
Audi looked to Volvo Cars for a senior development executive for the second time this year, announcing Thursday that Peter Mertens will become its next head of research and development. Mertens is Volvo’s senior vice president R&D. He succeeds Stefan Knirsch, who left AudiÂ in September amid continuing investigations intoÂ Volkswagen Group’s cheating on emission tests. In 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..