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Posts Tagged ‘volvo news’

Volvo Parent Geely Buys Flying Car Start-up Terrafugia

Flying car race heating up fast.

by on Jul.05, 2017

Looking like the flying car in "Back to the Future," a rendering shows the Terrafugia Transition in flight.

The long-held dream of building a flying car may be coming a big step closer to reality now that Geely, the deep-pocket parent of Volvo Cars has acquired Terrafugia, a start-up launched by a group of MIT alum.

Among an assortment of companies hoping to build flying cars, Terrafugia is one of the furthest along, with the Massachusetts-based firm already going airborne with prototype designs. More importantly, the Terrafugia Transition last year won a critical certification from the Federal Aviation Administration that would make it easier for owners to take to the air.

Take Wing!

Funding from Zhejiang Geely could be what’s needed to push Terrafugia over the top, especially as it now faces a range of competitors hoping to take off with their own flying car and flying taxi concepts. That includes Slovakian start-up AeroMobil and Germany’s Lilium, as well as aerospace giant Airbus. Even Uber wants to get into the act, the car-sharing service recently announcing plans to take its operation airborne with a concept it has dubbed Uber Elevate.

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Volvo Going All Electric or Hybrid on Future Models

Transition to begin in 2019.

by on Jul.05, 2017

Volvo unveiled an all-electric version of its CMA platform at the Shanghai Motor Show.

Volvo is plugging into electric propulsion in a big way, the Swedish-based automaker announcing today that all new models coming after 2019 will use some form of electric propulsion, whether hybrid, plug-in or pure battery-electric.

The announcement follows Volvo’s decision last month to have its Polestar division shift focus to high-performance electric vehicles. But it also underscores the growing emphasis on electrification by luxury automakers, in general, BMW planning to reveal a pure battery-electric version of its iconic 3-Series sedan at the Frankfurt Motor Show in September, while Daimler said today it is investing over $700 million in battery-car operations in China.

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“This announcement marks the end of the solely combustion engine-powered car,” Volvo Cars CEO Hakan Samuelsson said in a statement announcing the decision by the high-line automaker owned by China’s Zhejiang Geely.

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Volvo Relaunching Polestar as “Electrified High Performance” Company

Polestar joins growing list of dedicated electric spin-offs.

by on Jun.22, 2017

Going forward, the Polestar logo will stand alone, without a Volvo badge.

Volvo has become the latest automaker to set up a separate operation focused specifically on electric vehicles, in this case, putting the emphasis on “high performance” models.

The move appears to position its Polestar division to challenge the new Mercedes-EQ sub-brand, which is set to launch at least seven electric vehicles by 2022, and BMW i, as well as upstart battery-carmakers like Tesla, Faraday Future and Lucid. The announcement does not appear to preclude Volvo’s ability to produce less performance-oriented electric vehicles under its own badge.

Electrifying News!

Purchased by Volvo in 2015, Polestar will now operate as a standalone company with a new management team. That includes Chief Operating Officer Jonathan Gooding, who had been Volvo’s communications chief, and new Chief Executive Officer Thomas Ingenlath, who had been Volvo’s global design director.

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Volvo to Build its 1st EV in China

Will share same CMA architecture as next-gen XC50.

by on Apr.20, 2017

A platform to built upon: the electrified CMA architecture that will be used for Volvo's 1st EV.

While electric drive systems are powering a significant share of the new models on display at this year’s Shanghai Motor Show, Volvo is showing off a new platform – the one it use for the Swedish-based brand’s first fully electric vehicle which, officials revealed, will go on sale in 2019.

Volvo has been an aggressive proponent of clean powertrain technology – the most powerful drivetrain it currently offers is the plug-in T8 found on models like the big XC90 SUV and S90 sedan. But it is getting ready to market a battery-electric model that will meet tough new emissions and mileages standards in the U.S., China, Europe and Japan.

Global Auto News!

And it will be produced in China, at least initially, the automaker said during the Shanghai Motor Show press preview – though other models using electric propulsion are expected to be built in Europe and, most likely, at the new assembly plant Volvo is setting up near Charleston, South Carolina.

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Volvo Closing in on New US Plant Opening Target

Facility will produce as many as 60K S60s annually.

by on Apr.11, 2017

Volvo's new S60 debuted at the North American International Auto Show in Detroit and is currently imported from China.

Volvo Cars’ plans to open a new factory in South Carolina is on schedule meaning the maker will start production at its first U.S. auto factory by the end of 2018, according to Volvo officials.

The company broke ground on the plant near Ridgeville, South Carolina, in 2015 as part of its new global manufacturing strategy to support 800,000 sales in the medium term. The shell of the building is now complete.

Production News!

“This investment shows Volvo’s commitment to build cars where we sell them and source where we build. The new factory is our first in the U.S., which is our second largest market globally,” said Lex Kerssemakers, president and CEO of Volvo Car USA. (more…)

In a Class By Itself: 2017 Volvo XC90 E-AWD

Plug-in hybrid puts the emphasis on performance.

by on Mar.17, 2017

The design of the Volvo XC90 balances ruggedness with a modern, wind-swept appearance.

Say the word, “hybrid,” and you’re likely to think of a small, quirky little sedan or hatchback that trades performance for mileage. That might fit traditional gas-electric models like the Toyota Prius, but if you’re talking about the 2017 Volvo XC90 T8 E-AWD you’re in for a pleasant surprise.

Sure, this plug-in hybrid gets some great mileage numbers, at 54 MPGe. But the T8 version of Volvo’s flagship SUV also happens to be its most powerful, delivering performance that matches up to what key competitors are delivering with far less efficiency.

Reviews You Can Trust!

The Volvo XC90 T8 anchors the unique strategy that Volvo outlined a few years back and which it is now rolling into place with the completion of the 90-Series and the debut of the new XC60 at the Geneva Motor Show this month. Unlike competitors who largely rely on V-6s and 8s, especially in their bigger models, Volvo has an all-four strategy. And, as we learned during our time behind the wheel of this SUV plug-in, small really can be beautiful.

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Deja Vu All Over Again: the 2018 Volvo XC60

The next wave of Swedish metal hits the street.

by on Mar.09, 2017

At a glance, the new XC60 is almost indistinguishable from its bigger sibling, the XC90.

Plenty of folks visiting this year’s Geneva Motor Show are likely to get a sense of déjà vu when they swing by the Volvo stand. No surprise: at first blush, one could readily confuse the all-new Volvo XC60 with the maker’s only slightly older XC90.

And that’s not a bad thing, considering the design of the bigger crossover remains fresh and, since the two models share the same, flexible SPA architecture, we’re expecting the Volvo XC60 will also boast many of the same dynamic attributes that helped the XC90 win honors as North American Truck of the Year in 2016.

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Smaller, yes, but still, from first blush, more than roomy enough for five passengers. And it has many of the XC90’s most important features – which for Volvo buyers, starts with an assortment of the latest safety technology. Meanwhile, the new XC60 will be easier on the pocketbook, with the price expected to start at around $40,000 once it reaches U.S. showrooms later this year. (more…)

Volvo Stepping Up Pace of Product Makeover

"We strongly believe in electrification."

by on Mar.09, 2017

The new Volvo XC60 making its debut at the 2017 Geneva Motor Show.

With the roll-out of its premium line-up complete, Volvo is now moving on to higher-volume mainstream models, such as the new XC60 utility vehicle making its debut this week at the Geneva Motor Show.

Buoyed by strong sales of the crossover, sedan and wagon versions of its 90-Series, Volvo officials are betting the brand has finally regained some much-needed momentum, and are betting on an assortment of upcoming products to keep that going, including the even smaller 40-Series that will start rolling out at the end of 2017.

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All three product families will be critical to the Swedish brand’s long-term future, and to the continuing support of Chinese parent Geely, which purchased Volvo from Ford Motor Co. in 2010. Geely has placed an $11 billion bet on Volvo, an investment that includes not only two new plants in China, but also another in the U.S. that will come on line during the second half of 2018.

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Volvo Exec Reveals IPO is an “Option”

Geely holds final say on potential stock offering.

by on Jan.23, 2017

Volvo Chief Executive Hakan Samuelsson said this weekend that an IPO is "an option" for the Swedish automaker.

Volvo Cars, which is now completely owned by a Chinese investor, is considering a stock offering, the company’s top executive told a German-language business magazine.

Hakan Samuelsson, chief executive of Volvo Cars, said a stock market listing is an “option” for the Swedish carmaker, Germany’s Manager Magazin, according to a Reuters dispatch.

Global Auto News!

Samuelsson told the magazine that there are no current plans for such a move and that it would be up to parent company, Geely Holdings, to decide. Geely, which is based in China, owns 100% of Volvo, which it purchased from the Ford Motor Co. in 2010. (more…)

California DMV Wants Uber to Stop Autonomous Ride-Share Venture

Company officials say they don’t need permit.

by on Dec.15, 2016

Uber could be facing a legal storm over its decision not to get the permit California requires.

Ride-sharing service Uber has been ordered by California regulators to halt the public test of autonomous vehicles until the company gets what the state claims is the necessary permit.

Uber on Wednesday began offering rides in San Francisco using specially modified versions of the Volvo XC90 SUV. Though nearly two dozen other companies have so far received permits from the California Department of Motor Vehicles, Uber officials said they are not required to get one. DMV officials have vociferously disagreed and have sent a warning to the company.

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“If Uber does not confirm immediately that it will stop its launch and seek a testing permit, DMV will initiate legal action,” DMV attorney Brian Soublet wrote in a letter to Anthony Levandowski, head of Uber’s autonomous car programs.

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