Automotive industry company news
It didn't take too long on the Volvo S90/V90 international media launch in sunny southern Spain for Naughty Boy here to get a lecture on Vol...
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News that Geely-owned Volvo Cars had made first quarter earnings gains thanks to strong sales of its recently launched, and high margin, XC90 luxury SUV drew a lot of just-auto reader eyeballs this week. Thus proving my long-held theory that new product, and lots of it, usually leads to profits. Volvo has continued the new model roll with the S90/V90 and there's more to come - I'm off to Sweden next week to learn more about the products we can expect on the new CMA architecture co-developed with Geely.
While self-driving cars are not yet available to the public, more and more models across all segments now offer some form of advanced assistance to the driver. To get a sense for where we are along the road toward autonomous driving, here is a snapshot of the Toyota Prius and Volvo XC90.
Among those traditional automakers taking space at this year’s consumer electronics show (CES) – and stealing much of the limelight - were Audi, BMW, Ford, GM, Mercedes-Benz, Toyota, Hyundai-Kia and VW. Presentations from new names such as Faraday Future and potential disrupters Google and Apple gave the show an extra buzz. The accent was on personalisation of the driver experience via cloud connectivity, shared autonomous vehicles and even drone technology. In this month’s management briefing – the first of two parts – we draw on automakers’ plans for partial- and fully-autonomous cars to see what we can learn from it all. Our second part turns the spotlight on supplier ADAS innovations - from Autoliv to ZF TRW - that caught our eye in Vegas and Detroit over the past few weeks.
The global automotive industry stands on the brink of unprecedented change due to the impact of eight discrete megatrends, according to a new report from just-auto.
When Volvo announced its 20/20 vision in 2008 - that no one would be killed or seriously injured in one of its cars by the year 2020 - autonomous cars and connectivity were virtually nowhere on the automotive agenda.
Peter Mertens, senior vice president, research and development, Volvo Car Group, describes the cooperative development of the new Compact Modular Architecture (CMA) with parent Geely as "good relations" though the start was a little rocky as culture and time zones took some adjusting to, on both sides.
The Automotive Information Sharing and Analysis Centre (Auto-ISAC) has welcomed Volvo Cars as its latest original equipment manufacturer (OEM) member. It will join Auto-ISAC's other OEM members on the organisation's board of directors.
Volvo Cars is keeping plans for local assembly in India on hold because current sales volumes are not high enough to justify the cost of a plant.
Volvo Cars reported a solid double-digit sales increase for the first six months of the year, posting growth of 10.5% to 256,563 cars compared with the same period in 2015. Sales of the XC90 were the main growth driver globally.
Geely's Volvo Cars has started production of its V90 premium estate at Torslanda, Sweden.
Europe's Automobile Manufacturers’ Association (ACEA), has revised its forecast for 2016 car registrations up from its initial January forecast of 2% growth.
Johnson Controls says it has worked with Volvo Cars to supply seats on the flagship Volvo S90 which will launch in the summer.
Volvo Car UK has appointed Jon Wakefield as acting managing director, effective 1 July. HE succeeds Nick Connor who has been appointed chief executive of Polestar.
Gefco says it generated a turnover of EUR4.2bn (US$4.8bn) billion last year, up 3% compared to 2014.
Volvo Cars has announced it is seeking to raise EUR500m from a bond issue, its first entry into the global corporate bond markets in its 89 year history. The Geely-owned company is starting a roadshow for potential investors this week.
Geely-owned Volvo Cars has posted Q1 earnings gains boosted by strong sales of its recently launched and high margin XC90.
The multi-billion pound motor insurance industry faces a period of radical restructuring as a result of the advent of autonomously driving cars according to research carried out by Swiss Re.
Google, Ford, Volvo and the ride-sharing services Uber and Lyft are forming a coalition to push for federal action to help speed self-driving cars to market.
Volvo Cars has announced that it aims to sell a total of up to one million electrified cars by 2025. It says the planned cumulative total can be met by offering at least two hybrid versions of every model in its range and releasing the first all-electric car in 2019.
GKN Automotive is again supplying Geely's Volvo Cars with an eAxle system for a plug-in hybrid.
Volvo Cars says it continued to grow sales globally in March and posted an 11.5% increase in retail sales for the month, selling 52,279 cars.
Volvo Cars plans to launch and autonomous driving test in China using local drivers to test autonomous driving cars "on public roads in everyday driving conditions"
Geely's Volvo Cars believes the global automotive industry should strive towards the introduction of a standardised charging infrastructure for electric cars.
Geely's Volvo Cars' UK unit has announced updates that add new semi-autonomous and connected car features to various models across the range.
Zeely's Volvo Cars has claimed to be the first car maker to integrate the Spotify music streaming service in its new cars worldwide, starting with the XC90, S90 and V90 this spring.
Geely's Volvo Cars expects record sales in 2016 for the third consecutive year, president and chief executive Håkan Samuelsson said. He also forecast operating profits would improve in 2016, due to growth in the three main sales regions of China, Europe and the US.
In 2015 the European car market totalled 14.2m new registrations, an increase of 9.3% over 2014 full year results; the highest since 2009. The market benefited from the last two months of double-digit growth with December setting the highest positive monthly change of the last three years at 1.16m units. Therefore, the last quarter volume increase was the highest of the year, standing at 10.2% more than in Q4 2014, representing 3.42m cars sold in total. The Seasonally Adjusted Annual Rate, SAAR, came in at 16.52m units.
Volvo Cars is aiming to sell 87,000 cars in the US in 2016 and cement its position as a player in high-end segments of the US car market.
With the UK media launch of Volvo's XC90 on this week, a lot of readers are going to be hearing about the car's very intuitive, iPad-like screen I've already complimented.
We all remember that video of the outgoing XC90 being rolled SEVEN times and no crushing of the roof. To me, it's been the gold standard of safe cars ever since.
AB Volvo (VOLV B) - Financial and Strategic SWOT Analysis Re
AB Volvo (Volvo) provides commercial transport solutions globally through its trucks and buses....
AB Volvo (Sweden)
This report presents quick facts about AB Volvo, which is principally involved in the Manufacture and Distribution of Trucks, Buses and Construction Equipment....
Sweden Autos Report Q1 2016
Business Monitor International's Sweden Autos Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independe...
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