Hints and tips:
Related Special Reports
...Last week, Volvo Cars said it would sell its 48 per cent stake in Polestar to Geely, and would not inject any more funding into the brand. Polestar is seeking about $1.3bn of fresh funding....
...It also recently opened a large research and development centre for Polestar, the electric vehicle brand owned by Volvo, the Swedish carmaker acquired by Geely in 2010....
...Volvo Cars will cease providing funding to its lossmaking electric Polestar sub-brand, as it released figures showing that group profits fell 17 per cent last year....
...Volvo Cars will stop funding its Polestar electric sports car brand and look at selling its shareholding to parent company Geely, as its latest results showed profits had been dragged down by the lossmaking...
...Investors in Volvo Cars have similar worries about the staying power of the carmaker’s new strategy. The company has promised to end production of internal combustion cars by 2030....
...Volvo Cars has halted production at its factory in Belgium after shipping disruption in the Red Sea delayed a delivery of gearboxes to the Swedish carmaker....
...Outside Jeremy Offer’s home in the Chiltern hills stand two cars. One is a rare classic, a low-slung 1962 Volvo P1800 sports tourer of the kind Roger Moore drove in The Saint....
...Big share price moves in Europe today include UK-based packaging company Mondi, Sweden’s Avanza and automobile group Volvo Cars....
...Shares in Sweden’s Volvo Cars were on track for their worst day ever on Friday after China’s Geely sold part of its shareholding in response to investor concerns about the automaker’s small free float....
...Volvo, which sold 615,000 cars last year, aims to produce 1.2mn cars a year by 2026, and will set more ambitious targets for the end of the decade, Rowan said....
...A decision by Volvo Cars on Thursday to cut loose its premium EV brand Polestar is the latest example of a strategic about-turn. Earlier this week, Renault axed plans to float its EV unit Ampere....
...In recent years, the ambitious Chinese group has listed shares in Volvo Cars, Polestar and ECARX....
...Chinese-owned Volvo revealed a luxury all-electric van in 2023 with a 458-mile range that aims to provide a “comfortable living-room experience”....
...Big share price moves in Europe today include Sweden’s Volvo Car, German sportswear company Adidas, and French bank BNP Paribas....
...We are already seeing a determined drive by companies such as Ikea, Nestlé, Iberdrola and Volvo Cars to urge governments to set policies that accelerate the transition away from fossil fuels to clean energy...
...Volvo Cars last week made its last-ever diesel model, after choosing to invest in battery models instead....
...As it raised $450mn from owners Volvo Cars and Geely, the Nasdaq-listed group said it aims to make gross margins in the “high teens” in 2025, while selling 155,000 to 165,000 cars a year, a new target....
...Volvo Cars on Tuesday said it had halted production at its factory in Belgium after the shipping disruption delayed a delivery of gearboxes, while tyre manufacturer Michelin said Red Sea delays would lead...
...Big share price moves in Europe today include Sweden’s Volvo, Denmark’s Maersk and Hungary’s Wizz Air: Volvo: Shares in the carmaker advanced 6 per cent in early trading after it said car sales in October...
...Renault, BMW and Volvo Cars also manufacture some models in China for sale in Europe....
...Led by former Volvo and state auto executives, the company counted tech giant Tencent, ride-hailing group DiDi and battery champion CATL among its investors....
...The US imposes a 27.5 per cent import duty, while the UK and EU levy a 10 per cent duty on foreign-made cars....
...Xiaomi sales surged 34 per cent to attain a 14 per cent market share, as the Beijing-based electronics group experienced a wave of publicity surrounding the debut of its electric car....
...Europe’s largest truckmakers, including Volvo, Daimler Truck and Scania, pledged three years ago to phase out new diesel sales by the end of the next decade....
International Edition