Tag: Volvo Cars

  • Proton X50 Spied Near Nashik – Creta, Selto’s Rival From Geely

    Proton X50 Spied Near Nashik – Creta, Selto’s Rival From Geely

    The Indian car market is among the largest in the world. India even surpassed Japan in car sales a few times to become the third largest car market in the world. In this market, it’s the compact SUV space that’s getting massive action. If there is a new manufacturer trying to enter the Indian market,…

  • Volvo Cars reports global sales growth of 17 percent in 6 months

    Volvo Cars reports global sales growth of 17 percent in 6 months

    © Provided by Xinhua The increased sales were driven by fully electric cars, of which 59,260 were sold, an increase of 167 percent, says Volvo Cars in a press release. STOCKHOLM, July 5 (Xinhua) — Volvo Cars said Wednesday that its global sales in the first six months of 2023 rose 17 percent year-on-year to…

  • New: Putin’s Swedish agent and the spy scandal at Scania

    New: Putin’s Swedish agent and the spy scandal at Scania

    They suspect that engineer “Alexander” has just sold classified information to a Russian intelligence officer. For several years, Säpo has had its eye on a well-known intelligence officer from Russia. Yevgenij Umerenko is here as a diplomat, but his job is to recruit spies in Sweden. The target he aims at is a middle-aged man…

  • The climate meeting in Egypt: “chaotic” and “Sweden has lost as a leading country”.  The globe directly from COP27

    The climate meeting in Egypt: “chaotic” and “Sweden has lost as a leading country”. The globe directly from COP27

    The world is heading for a temperature increase of at least 2.5 degrees Celsius unless emissions are reduced quickly. According to the Paris Agreement, for example, Sweden must reduce its emissions by 63 percent from the 1990 level by 2030. With the current budget, the Swedish government will not reach the emission reduction targets. Climate…

  • China’s secret influence in Sweden

    China’s secret influence in Sweden

    Activities such as influence operations and espionage on the part of China have been increasingly noticed in recent years. And at the recent party congress, Xi Jinping emphasized “national security” more than before. One strategy for gaining influence in the West is corporate investment and investment in infrastructure. Chinese Geely’s purchase of Volvo Cars is…

  • Chip shortage forces Volvo Cars to pause production in Sweden

    STOCKHOLM, Oct. 25 (Xinhua) — Volvo Cars will temporarily halt production at its Gothenburg plant in Sweden starting next Monday due to a shortage of semiconductors, the company was quoted by local media on Tuesday. Production will be stopped for at least a week, reported Göteborgs-Posten. The supply problems have persisted since they first appeared…

  • Nokian Tires reveals the members of the large jury of the innovation challenge of sustainable development

    Nokian Tires reveals the members of the large jury of the innovation challenge of sustainable development

    Anke Blume (Prof. Dr.) is the Director of Elastomer Technology and Engineering at Universiteit Twente, the Netherlands. Thiemo Fleck is the managing director of auto motor und sport professional, a well-known German car magazine with extensive international distribution. Inka Mero is the CEO and founder of the deep technology private equity fund Voima Ventures I…

  • The Swedish stock market is collapsing under global uncertainty

    STOCKHOLM, January 24 (Xinhua) – Nasdaq Stockholm AB, formerly known as the Stockholm Stock Exchange, collapsed on Monday with the OMX Stockholm 30 (OMXS30) index down more than five percent sometimes and eventually closed at minus 3.9 percent. It was the largest decline since the early days of the pandemic. The OMX Stockholm All-Share (OMXSPI)…

  • The Volvo share rises after the listing

    STOCKHOLM, October 29 (Xinhua) – Shares in Volvo Cars rose more than 20 percent at the end of trading hours after the Chinese-owned carmaker’s stock market debut here last Friday. Priced at 53 Swedish kronor (6.17 US dollars) per share, the IPO was “significantly oversubscribed because it aroused great interest from institutional investors in Sweden…

  • Swedish EV manufacturer Polestar will go public

    STOCKHOLM, September 27 (Xinhua) – Polestar announced on Monday that it would go public by merging with Gores Guggenheim Inc. to a company value of 20 billion US dollars. According to a press release from Polestar, the company has entered into a definitive business combination agreement with Gores Guggenheim Inc., a specialty acquisition company. Polestar…

  • Volvo Cars reports over 40 percent of sales growth during the first quarter, mainly from China

    STOCKHOLM, April 7 (Xinhua) – Volvo Cars reported sales growth of over 40 percent during the first quarter of 2021, mainly due to good results in the Chinese market, where sales increased by over 117 percent. According to a press release from the company on Wednesday, Volvo Cars’ global sales in January to March amounted…

  • Record sales for Volvo Cars

    Record sales for Volvo Cars

    The car manufacturer Volvo Cars’ sales increased by as much as 40 percent during the first quarter, compared with the corresponding period last year, and it also set a new sales record. But in the future, there are clouds of unrest due to the lack of the important component semiconductors. “It is an uncertain situation…

  • Volvo Cars is forced to reduce production

    Volvo Cars is forced to reduce production

    Volvo cars also need to temporarily reduce car production during the second quarter due to a lack of the important semiconductor component. The factories in Sweden have not suffered any production stoppages so far and right now there are no decisions on future stops right there. “During the second quarter, it will be tougher and…

  • All Volvo employees receive paid parental leave

    All Volvo employees receive paid parental leave

    The car manufacturer Volvo Cars is now introducing paid parental leave for all employees, regardless of which country they work in and this will primarily affect employees in the USA and China. The employees will receive 24 weeks’ paid leave, where they will receive 80 percent of the basic salary and it can be taken…

  • Important message to the public in Björklinge, Skuttunge, Läby in Uppsala municipality, Uppsala county.

    Important message to the public in Björklinge, Skuttunge, Läby in Uppsala municipality, Uppsala county.

    Volvo Cars has increased bonuses for CEO and management by 20 percent during the pandemic, to over SEK 82 million, writes Today’s industry. The increase has been made possible since the board changed the criteria and chose to deduct the loss-weighted first half-year, at the same time they received over one billion kronor in state…

  • Important message to the public in Björklinge, Skuttunge, Läby in Uppsala municipality, Uppsala county.

    Important message to the public in Björklinge, Skuttunge, Läby in Uppsala municipality, Uppsala county.

    Volvo Cars will temporarily stop parts of its production in the next few weeks, he writes Today’s industry. “We expect it to be critical in the second quarter,” Maria Dagman, a spokeswoman for Volvo Cars, told the newspaper. So far, it is about the factories in China and the USA – production in Sweden and…

  • Volvo Cars aims to be fully electric by 2030

    STOCKHOLM, March 2 (Xinhua) – Volvo Cars aims to be fully electric by 2030, and all models will only be available online, the multinational carmaker announced on Tuesday. In 2030, the company intends to sell fully electric cars and phase out all cars in its global portfolio with an internal combustion engine, including hybrids, the…

  • Volvo will be completely electric by 2030

    Volvo will be completely electric by 2030

    Volvo Cars plans to become a fully electric car brand by 2030. Only electric cars will be sold and internal combustion engines, including hybrids, will be phased out, they say in a press release this morning. All fully electric models will only be available for purchase online. Volvo Cars launched its first fully electric car…

  • Volvo’s CEO: “A very good way forward”

    Volvo’s CEO: “A very good way forward”

    Håkan Samuelsson, CEO of Volvo Cars, believes that the in-depth collaboration with Geely as two independent companies is a good way forward for Volvo. Volvo Cars has around 23,000 employees in Sweden, but there will be no staff reductions here due to the collaboration, says Samuelsson, instead it can lead to new jobs. Among other…

  • Säpo on industrial espionage: “Very serious crime”

    Säpo on industrial espionage: “Very serious crime”

    A 47-year-old man from Gothenburg is accused of having spied on the vehicle manufacturers Scania and Volvo Cars on behalf of Russia and then sold on secret information. “It is a very, very serious crime. Because this is aimed at Sweden and all of us then, ”says Daniel Stenling, head of counter-espionage at the Security…

  • AB Volvo stops production

    AB Volvo stops production

    Vehicle giant AB Volvo has been forced to stop parts of production due to a lack of so-called semiconductors, which are used in parts for trucks. “There is a global shortage of semiconductors, we need semiconductors to install in our products and right now we have had a production stoppage in our factory in Belgium,…

  • Daimler, Geely and Volvo in engine collaboration

    Daimler, Geely and Volvo in engine collaboration

    The German car giant Daimler will, together with Geely and Swedish Volvo Cars, collaborate on petrol engines for the hybrid cars of the future. According to a statement, it should improve competitiveness. Engine collaboration will, among other things, help reduce costs for companies, according to a press release from Daimler and Geely. But a whole…

  • Nervous in Skövde before Volvo’s electric motor announcement

    Nervous in Skövde before Volvo’s electric motor announcement

    The car manufacturer Volvo Cars has now decided to develop its own electric motors, but where they will be manufactured has not yet been decided. At the company’s engine factory in Skövde, there is a concern that the electric motors will not be manufactured there and many jobs are at stake in the long run.…

  • Scania hires 300 new employees in Södertälje

    Scania hires 300 new employees in Södertälje

    Despite the corona crisis, the truck giant Scania is now hiring several hundred people to cope with increased production, Ekot experiences. It is going better than expected. Scania is now hiring new production staff to be able to increase the production of trucks, according to information to Ekot. In Södertälje, where the company has its…

  • New technology will provide less slipperiness on the roads

    New technology will provide less slipperiness on the roads

    To try to improve anti-skid on the roads and save money, the Swedish Transport Administration is now expanding its project around a new technology. It is about the authority being able to take part in information from ordinary cars about what the road conditions look like, says Christian Eriksson, unit manager for road maintenance at…

  • Volvo: We meet the EU’s new car requirements

    Volvo: We meet the EU’s new car requirements

    The car manufacturer Volvo Cars will reach the EU’s stricter emission requirements for new cars this year, says now European CEO Björn Annwall to Ekot. As a result, Volvo does not have to pay large fines, but can instead make money by meeting the requirement. – We are confident that we will meet the requirement…

  • 650 is terminated from Volvo Cars

    650 is terminated from Volvo Cars

    Volvo Cars fires 650 people due to corona pandemic. In addition, 300 consultants will be allowed to leave the company at the end of the year, says HR manager Hanna Fager in a telephone conference with, among others, TT. In combination with others who have left, according to Hanna Fager, this means that a total…

  • Check out these fantastic Scandinavian interiors by professional Malaysian ID companies – SAYS

    Check out these fantastic Scandinavian interiors by professional Malaysian ID companies – SAYS

    Whether you want your home to look like an IKEA showroom or something from Pinterest, Scandinavian design is what you should go for! Especially since the minimalist vibe is #aesthetic and trendy right now. duduk by EcoWorld has beautiful homes that are fully furnished with Scandinavian design by professional Malaysian interior designers for sale now.…