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Posts Tagged ‘volvo news’

Volvo, Geely Lay Out Global Export Strategy

Stretched version of new S90 next on export docket.

by on Nov.02, 2016

Volvo and Geely are kicking off an ambitious plan to export more Chinese-built vehicles to the U.S., starting with the S90 built at its Daqing plant.

Volvo Cars and Chinese parent Geely plan to set in motion an aggressive expansion and export plan that could be the first in a wave of new, Chinese-made vehicles earmarked for the U.S. and Europe.

Their strategy is loosely modeled after the multi-brand approach of German giant Volkswagen AG, and will see the creation of a new entry-level brand, Lynk & Co. to anchor Geely’s global ambitions. Volvo is already importing a small number of stretched S60 sedans to the U.S., and will soon add a longer version of its top-line S90. Cars built by other Geely brands are set to follow.

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“We have a strong manufacturing structure in China and we are geared up for further growth,” Hakan Samuelsson, the CEO of Volvo told reporters during a Shanghai news conference. (more…)

Volvo Teams Up with Autoliv on Autonomous Vehicle Venture

by on Sep.06, 2016

Jan Carlson, chairman, CEO of Autoliv with Volvo CEO Håkan Samuelsson.

Volvo Car Group has turned to Swedish-based supplier Autoliv to help speed up its autonomous vehicle program.

The as yet-unnamed venture, which will be based near Volvo’s headquarters in Gothenburg, Sweden, will focus on an array of new driver assistance and fully self-driving vehicle technologies. The move follows a series of similar steps by automotive rivals hoping to rev up their own autonomous vehicle projects.

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“By combining our know-how and resources we will create a world leader in AD software development. This means we can introduce this exciting technology to our customers faster,” said Volvo Cars Chief Executive Hakan Samuelsson.


Volvo Tailors City Safety System for Rural Roads

System now helps drivers avoid large animals.

by on Aug.30, 2016

Volvo adapted its City Safety collision mitigation system to avoid large animals instead of cyclists.

There are more than 1.2 million accidents every year involving vehicles and large animals, such as deer or elk, that result in the deaths of about 200 motorists and cause some $1 billion worth of damage, according to insurance industry statistics.

Now Volvo is attempting to reduce the number of these types of collisions by equipping its latest vehicles, including the new 2017 Volvo S90, with a “large animal” detection system that will apply the vehicle’s brakes if it senses anything from a fleet-footed deer to a lumbering bear in the roadway.

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The system is described as an industry first and addresses a growing problem in many parts of the country, such as the heavily-wooded Northeast, where wildlife has proliferated in suburban and urban areas. (more…)

Bigger Isn’t Better When it Comes to Uber Profits

Report estimates leading ride-share service lost $1.3 billion.

by on Aug.26, 2016

A subscriber orders a car through the Uber app.

It may be the nation’s leading ride-sharing service, but that hasn’t helped Uber deliver a profit.

The Silicon Valley start-up lost a hefty $1.3 billion during the first half of the year, according to a report by the Bloomberg news service which cited sources with access to a conference call the company had with its investors.

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According to the report, Uber finance chief revealed that the ride-sharing service went $520 million into the red during the first quarter of the year, with another $750 million loss racked up during the April-June quarter.


Uber, Volvo Team Up for Free Autonomous Rides

Companies kicking off program in Pittsburgh.

by on Aug.18, 2016

Volvo Cars and Uber join forces to develop autonomous driving cars for Pittsburgh.

If you’re looking for a ride home from an early season Pittsburgh Steelers game and looking for a new experience, try using Uber. Not the regular Uber, but the self-driving Uber, and for while, it’ll be free.

That’s right, starting this fall, Uber is allowing its users to call for rides in autonomous vehicles. The program, which will be limited to Pittsburgh, features Volvo XC90s that have humans behind the wheel … they just don’t use it.

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The specially outfitted Volvo sport utes are laden with sensors, cameras, radar and GPS receivers to help the vehicle navigate the streets of the Steel City. While there are currently just a few of the vehicles roaming the streets there are scheduled to be 100 by the end of this year, according to reports. (more…)

Scoring With First Plug-in, Volvo Looking at More Battery-Car Options

Early demand for XC90 PHEV hits 20%, double initial plan.

by on Jun.09, 2016

The Volvo XC90 T8 Twin Engine is selling at a higher rate than expected by company executives: 20%..

Despite generally sluggish demand for battery-electric vehicles, Volvo Cars has a surprise hit on its hands with its first plug-in hybrid model, according to the Swedish automaker’s global R&D chief.

About 20% of the buyers of its new XC90 are opting for the so-called Twin Engine version of the sport-utility vehicle, more than double the company’s original expectations. The plug-in powertrain will next be offered in the S90 sedan and V90 wagons that share platforms with the SUV. And the strong response is encouraging Volvo to look at still more electrification options, said research chief Peter Mertens, during an interview.

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Among other things, Volvo is readying its first full battery-electric model for 2019, with others soon to follow. And Mertens revealed the carmaker, now owned by China’s Geely, is looking closely at new lithium-ion battery technology that could allow a motorist to get a full charge in about the same time it takes to fill up a gas tank. (more…)

Volvo Unveils New XC40 and S40 Concepts

Underlying CMA platform will be shared with Chinese parent Geely.

by on May.19, 2016

This concept will reappear next year as the completely redesigned Volvo XC40.

Volvo is in the midst of a complete brand makeover, and the automaker is giving us a hint of its next move in an aggressive, top-to-bottom product rollout with the unveiling of the new S40 and XC40 concepts.

Both models will mark a significant step forward, but not only for the Swedish automaker. In production, the next-gen Volvo XC40 and Volvo S40 models will ride on the maker’s all-new Compact Modular Architecture which is designed to be shared with Chinese parent Geely. It is, in fact, a key to Geely’s long-term goal to transform itself into a truly global automaker.

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“CMA has helped us to capture something special, something youthful in our new concept cars. They have an energy, a disruptive and engaging urban character that makes them stand out,” said Thomas Ingenlath, Volvo’s senior vice president of design.


Volvo Looks to Secure $575 Million in Financing

Swedish-Chinese maker aims to continue “transformation.”

by on May.09, 2016

Volvo CEO Lex Kerssemakers said the automaker is looking to continue its growth that it has enjoyed in 2016.

Volvo Cars plans to use its recent success to secure additional financing.

The premium carmaker announced it is seeking to raise $575 million through a bond issue. It is Volvo’s first foray into the global corporate bond markets in its 89-year history. The Swedish-Chinese company is slated to begin a road show for potential investors this week.

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The proceeds from the bond issue will be for general corporate purposes and are aimed at increasing the company’s financial flexibility and diversifying its funding sources, the company said in a statement. (more…)

Google, Volvo Expand Autonomous Vehicle Testing

Swedish maker looks to China, while tech giant goes to Arizona.

by on Apr.07, 2016

Google is expanding its testing areas to Phoenix, Arizona, and its suburbs.

As the proponents of autonomous vehicles in Washington D.C. gird themselves for an onslaught of dissension at public hearings later this week, the automakers developing the vehicles continue about the work of improving them.

Google’s just been cleared to run a fleet of self-driving cars in Phoenix, Arizona and the surrounding suburbs while Volvo is preparing a gaggle of as many as 100 vehicles to test in China.

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The tech giant has been expanding its test environments in recent months, including adding Austin, Texas, and Kirkland, Washington, to its home base of Mountain View, California. Google is already mapping the Phoenix area in anticipation of the self-driving testing. (more…)

Volvo’s New V90 Wagon Strikes a Chord

Swedish-Chinese maker looking for another home run with wagon.

by on Mar.01, 2016

Volvo wagon fans will feel their hearts go pitter-pat with the introduction of the new V90 wagon.

Volvo’s drawn plenty of accolades in recent months, including the North American Truck/SUV of the Year for the XC90, but nothing touches the hearts of Volvo purists like the company’s station wagons.

The love affair begins anew with the company’s just-debuted V90 wagon unveiled at the Geneva Motor Show, and joining the company’s top-of-the-line 90 series vehicles: the aforementioned XC90 and the recently released S90 sedan.

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“We have a very strong position in the estate segment,” said Håkan Samuelsson, president and chief executive of Volvo Cars. “In many people’s minds we are known as the definitive estate brand. While the Volvo brand today stands for more than estates, we are proud to carry forward this rich heritage with the V90.” (more…)