The European Automobile Manufacturers' Association (ACEA) has called on the EU to negotiate a trade agreement with the United States to prevent potential tensions. In a five-page letter sent Thursday to the Presidents of the European Commission and Parliament, as well as EU Ambassadors, the...
Volvo Cars announced on Tuesday an 8% year-over-year increase in full-year sales for 2024, with a total of 763,389 units sold over the twelve-month period.Sales of Volvo's electric vehicles experienced a "significant increase" in 2024, with over 175,000 fully electric cars sold, a 54% surge...
Geely Holding's Volvo Cars revealed on Wednesday that its global sales grew by 3% in October compared to the same month a year ago, while the sales of electrified models, fully electric, and plug-in hybrid models surged by 40%. The automaker sold 61,686 units in the reported month, with fully...
Volvo Cars announced on Wednesday that it had initiated a process to take complete control of NOVO Energy following a breach of the deal by its joint venture partner, Northvolt AB. Northvolt failed to meet its financing obligations, prompting Volvo to invoke its redemption rights to acquire Northvolt's...
The Volvo Group and Daimler Truck Holding AG announced on Monday that they signed an agreement to jointly create a software-defined vehicle platform for heavy-duty vehicles, which will be realized through a new division headquartered in Gothenburg, Sweden."The common goal of the...
Volvo Cars revealed on Wednesday in a press release that it will be reshuffling its management, as the business faces different headwinds driven by geopolitical and macroeconomic uncertainties.Current Chief Commercial Officer and Deputy CEO Bjorn Annwall will be stepping down from his position...
Volvo Cars reported on Wednesday that its September sales increased by one percent compared to the same month a year ago, to 62,458 units.In the case of electrified models, the company declared that fully electric and plug-in hybrid models rose 43% to 30,174, amounting to almost half of the...
South Korea's Ministry of Land, Infrastructure and Transport announced that three car makers, BMW Korea, Volvo Trucks Korea, and Hyundai Motor Co. are recalling more than 78,000 vehicles across 67 models due to faulty parts.The majority of recalls are by BMW Korea, 68,428, because of a...
Volvo Cars reaffirmed its commitment to ensure that electric vehicles (EVs) will make up 90% to 100% of its global sales volumes by 2030, the Swedish carmaker shared on Wednesday. If necessary, the remaining sales will permit a limited number of mild hybrid models, replacing the company's earlier...
Volvo Cars announced on Friday in a statement that it will be repurchasing a maximum of 6.5 million of its own series B shares, up to 300 million Swedish Krona ($29 million) worth of its series B shares to ensure the delivery of shares for the company's ongoing share-based incentive...
This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.
