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Archive for the ‘Volvo’ Category

Musk Denies a Quarter of Model 3 Orders Were Cancelled – But Reveals New Worry

Order rate, he reveals, has fallen behind increase in production.

by on Jul.20, 2018

Tesla CEO Elon Musk denied claims in a recent analyst report suggesting that nearly a quarter of all Model 3 orders have been cancelled.

Elon Musk has dismissed as “bs” a report that suggested a growing number of advanced reservations for the Model 3 battery-car are being cancelled.

The recent report from investment bank Needham & Co. isn’t the first to raise that prospect, which could make it difficult for Tesla to achieve its promised profit for the second half of 2018. Needham’s Rajvindra Gill joined a growing chorus of analysts this week in downgrading Tesla shares, triggering another dip in the stock, traded as TSLA.

“Dunno where this bs is coming from,” CEO Musk said in a Thursday night tweet – but by trying to support the idea that there’s still strong demand for the Model 3, the South African-born executive actually may have sent a signal that Tesla is facing longer-term problems. Musk indicated Tesla received 5,000 orders for the Model 3 last week, but that’s actually less than the production target for the battery-car in the months to come.

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According to a report Needham issued Thursday, 24% of the estimated 400,000 original Model 3 reservations have been cancelled. That’s slightly higher than the 20% figure reported by data tracking site SecondMeasure in June. Each reservation is accompanied by a $1,000 deposit, so, if Needham is right, Tesla has had to refund more than $100 million and risk the loss of perhaps $4 billion or more in sales.

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Electric Polestar 2 “Five-Door Coupe” Will Deliver 350 miles Range, 400+ HP

All-electric Polestar 3 SUV already in the works.

by on Jul.17, 2018

The Volvo 40.2 Concept hints at what's coming with Polestar's first all-electric vehicle.

Volvo’s performance electric brand is getting ready to charge into the market with two additional models over the next two years, starting with the all-electric Polestar 2 which, a senior official claims, will deliver range of up to 350 miles per charge.

And, in keeping with the mandate of the brand – which traces its roots back to the track – the Polestar 2 “five-door coupe” will deliver around 405 horsepower, according to the brand’s Chief Operating Officer Jonathan Goodman. That figure might actually underplay the potential performance of the all-electric offering, as battery-electric vehicles can deliver incredible off-the-line performance because they punch out maximum torque the moment their motors start spinning.

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The Polestar 2 is expected to share the same underlying Compact Modular Architecture, or CMA, as the new Volvo 40-Series line-up. That was an obvious choice considering Volvo itself is planning to offer electrified versions of all future models and the CMA, its newest platform, was designed specifically to allow mounting a large battery pack under the load floor.

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Volvo Launches New Mobility Brand

Named M, the new brand offers a updated take on car-sharing.

by on Jul.06, 2018

Volvo Cars' mobility unit launched its own brand today: M. Featuring much of what you'd expect, like car-sharing services, as well as new options.

Volvo Cars has taken the lead on variety of changes within the automotive industry in the past decade or so, including autonomous driving, electric vehicle development and other mobility-oriented technologies and services.

The company is adding to that legacy with M, a new brand that will expand the company’s global mobility operations by providing dependable, on-demand access to cars and services through an intuitive app.

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“Volvo Cars is becoming more than just a car company. We recognize that urban consumers are rethinking traditional car ownership. M is part of our answer. We are evolving to become a direct-to-consumer services provider under our new mission ‘Freedom to Move’,” said Håkan Samuelsson, Volvo Cars president and chief executive. (more…)

Ford Pulls Out of Geneva Motor Show

Automaker joins Volvo in not attending show.

by on Jul.03, 2018

Ford has a history of making news at the Geneva Motor Show, like the introduction Focus RS.

The list of automakers pulling out of auto shows just got one name longer: Ford is skipping the 2019 Geneva Motor Show.

The Dearborn, Michigan-based automaker said the show’s timing didn’t fit its launch schedule and wouldn’t represent good value. It’s the second major automaker that has pulled out of the show, Volvo being the first.

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“It costs a sizeable amount of money,” a Ford of Europe spokesman told Automotive News Europe. “If you’re not going make a return on the investment in terms of media attention or people on the stand, why do it?” (more…)

Every Car Sold in the U.S. is an “Import”

Tariffs would impact even “American-made” vehicles.

by on Jul.03, 2018

The Honda Odyssey is one of the most "American" cars but will still be hit by tariffs.

Every single car, truck or crossover sold in the U.S. would be affected by the 25% import tariff being proposed by Pres. Donald Trump, with prices on some models rising by tens of thousands of dollars.

That’s because even vehicles assembled in the U.S. rely on some level of imported parts and components, whether in their suspension, infotainment systems or powertrains.

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Complicating matters, American-made auto parts and vehicles could become more expensive, and lose their competitive edge, if trade partners enact their own tariffs in response, something a number of them have now threatened to do.

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First Look: 2019 Volvo S60

Sedan becomes second to offer Care by Volvo.

by on Jun.21, 2018

The 2019 Volvo S60 is now manufactured in the United States in Charleston, South Carolina.

Volvo Cars showed off the new S60 sedan and a subscription service that will ease the hassle of having a car at the company’s first-ever U.S.-based assembly plant just outside Charleston, South Carolina.

The 2019 S60, the first Volvo to be made in the U.S., will be available in Momentum, R-Design and Inscription level trims that includes some of the latest technology developed by the Swedish carmaker.

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The new S60 is the first Volvo car to be sold without a diesel engine, signaling the company’s industry-leading commitment to electrification and a long-term future beyond the traditional combustion engine. In 2017, Volvo Cars was the first global car maker to announce its strategy that from 2019 all new models will have an electrified option. (more…)

Swedish Ambassador Slams Trump Tariffs at Volvo Plant Opening

Volvo CEO proposes "no tariff" auto zones.

by on Jun.21, 2018

Volvo's new Charleston, South Carolina plant is now up and running with S60 sports sedans rolling down the line. The XC90 comes in a few years.

The new S60 rolling down the line wasn’t the entire story during the official opening of new Volvo Cars factory outside Charleston, South Carolina, as complaints about trade and tariffs nearly stole the show.

With U.N. Ambassador Nikki Haley sitting close by, Karin Olofsdotter, Sweden’s ambassador to the United States, who was invited to speak during the brief ceremony, took the opportunity to send a message to the Trump administration.

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Speaking emphatically, she chided the Trump administration for implementing tariffs that inhibit “fair” trade and investment and undermine economic development in both Europe and the United States. (more…)

Volvo Launches Car Production at First-Ever US Plant

Automaker will add second vehicle in 2021.

by on Jun.20, 2018

Volvo's first-ever manufacturing plant in the U.S. is building the new S60 sports sedan.

Volvo Cars opened its first manufacturing plant in the U.S. near Charleston, South Carolina, as it expands its global manufacturing footprint beyond Europe and Asia for the first time.

Volvo officials said the establishment of the plant in South Carolina follows the company’s manufacturing strategy “to build where it sells.”

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“The Charleston plant establishes the U.S. as our third ‘home’ market,” said Hakan Samuelsson, the president and chief executive of Volvo Cars. “The sedan segment and the SPA platform’s proven ability to boost profitability offer significant growth opportunities for Volvo Cars in the U.S. and globally.” (more…)

Polestar Will Pump Up New Volvo S60 Performance Model

Volvo takes performance to new level with modified S60 sedan.

by on Jun.13, 2018

The 2019 Volvo S60 Polestar Engineered gets unique Brembo brakes, among other modifications.

Few brands have done more to try to transform their image in recent years than Volvo, and the new S60 T8 Polestar Engineered sedan should continue shifting the Swedish marque in its new direction.

The latest version of the S60 not only puts more of a premium on sporty styling but backs it up with a 415-horsepower engine. But that’s no ordinary powerplant. No V-8s or turbo-sixes for this new Volvo. It’s a Polestar-modified version of the carmaker’s T8 plug-in hybrid, the top-performing version of its all-four-cylinder line-up.

First Look!

“The new S60 T8 Polestar Engineered is an electrified car that does what you want it to,” said Volvo’s Senior Vice President of R&D Henrik Green. “All components have been fine-tuned to work together, delivering a responsive and exciting driver’s car.”

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First Drive: 2019 Volvo V60

A wagon for those who want style, function and performance, not just trendiness.

by on Jun.11, 2018

The new 2019 Volvo V60 shows that Volvo is still the leader when it comes to wagons.

“You don’t need a weatherman to know which way the wind blows,” or so Bob Dylan once sang, and this particular morning, we know the wind – carrying some torrential rain – is blowing in off the Mediterranean as we head out for a day’s drive in the all-new Volvo V60. But before we can get much beyond the gates of our hotel in the suburbs of Barcelona, Spain, our new wagon will have to do a good impression of the taller, more off-roadworthy Volvo XC60, fording a good foot of water swirling like a tempest under the railroad bridge leading to the main highway.

The torrent cleared, the rest of the drive up through the now-sodden countryside and up towards the millennium-old abbey atop the craggy Montserrat mountain will be a relative breeze although, on this particular morning, the rain in Spain is definitely not just falling on the plain.

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While we’d certainly have preferred the sort of warm and sunny day the Catalan coast is known for, the stormy weather is actually giving us a chance to test the mettle of the 2019 Volvo V60 at the extremes, and as we will discover by the end of a long day’s driving, it’s more than up to the task. While it might not be as trendy as the taller XC60, the SUV that was named North American Utility Vehicle of the Year in January, the V60 boasts the sort of nimbleness, functionality and styling that should make even wagon-averse Americans pause to take notice. (more…)