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Volvo Raises $677M With New Bond Issue

Volvo Raises $677M With New Bond Issue

More than half a year removed from squelching a run at a stock market listing, Volvo Cars raised 600 million euros, or $677 million, with a new bond issue on Tuesday. The new issue is the second in the last year for the Swedish/Chinese automaker, which is owned by...
Volvo Using Cameras to Prevent Distracted, Drunk Driving

Volvo Using Cameras to Prevent Distracted, Drunk Driving

Volvo Cars is looking to finish what it loosely describes as a safety “triangle” by using in-car cameras and other sensors to prevent crashes and fatalies due to drunk or distracted drivers by 2021. Last month, the company introduced the first “side” of the triangle...
Volvo to Limit Speed of All Future Models to 112 MPH

Volvo to Limit Speed of All Future Models to 112 MPH

As part of its plan to prevent all deaths in future products, Volvo said Monday that it will limit the top speed to a maximum 180 kmh, or 112 mph starting with all models produced in 2021. The automaker has laid out a strategy, dubbed Vision 2020, that aims to prevent...
First Look: Polestar 2 Goes All Electric

First Look: Polestar 2 Goes All Electric

In a global webcast, Volvo’s new performance subsidiary pulled the wraps off its second new model, the Polestar 2, a battery-electric vehicle set to become “the foundation of our brand,” according to Polestar CEO Thomas Ingenlath. Set to compete with the likes of the...
Sweden Approves Volvo JV for Autonomous Car Testing

Sweden Approves Volvo JV for Autonomous Car Testing

A Volvo Cars joint venture has gotten approval to test its software in self-driving cars on Swedish highways at speeds of up to 80 kilometers or 60 miles per hour. Zenuity, a joint venture between Volvo and Swedish tech company Veoneer, developed software for Level 4...
Polestar’s First All-Electric Model Breaks Cover

Polestar’s First All-Electric Model Breaks Cover

Volvo’s electric performance division is finally charging forward, the plug-in hybrid Polestar 1 getting ready for production, while the sub-brand’s first all-electric model is set to be “fully revealed in the coming weeks,” it confirmed today. According to a...
Mercedes Enjoys Lead Late in Luxury Sales Championship

Mercedes Enjoys Lead Late in Luxury Sales Championship

Mercedes-Benz is leading the race for the luxury vehicle sales crown for the third consecutive year, heading into December with an edge over its closest competitors, BMW and Lexus. Mercedes reported it sold 31,022 vehicles in November, an increase of 0.6% from...