All articles tagged with #volvo
Volvo has developed a new font called Volvo Centum to improve the readability of in-car screens and enhance driver safety by reducing distractions, but critics suggest that bringing back physical buttons might be a simpler solution to avoid touchscreen overload. The font will debut in the new EX60 in 2026, emphasizing the company's focus on safety and user experience.
Luminar Technologies filed for Chapter 11 bankruptcy after losing a major Volvo contract, planning to sell its chip business to Quantum Computing for $110 million to maximize shareholder value, while continuing to support its LiDAR product operations during the restructuring.
Volvo plans to launch a new next-generation hybrid vehicle at its South Carolina plant to boost its US market presence, building on investments in the facility that currently produces electric vehicles like the EX90 and Polestar 3, with the new hybrid expected to be introduced by the end of the decade.
Volvo has sold its 5,000th electric truck globally, surpassing Tesla's struggling efforts in the electric semitruck market, highlighting Volvo's successful expansion and adoption of electric commercial vehicles.
The article highlights the best car seats as rated by enthusiasts, with Volvo and Recaro seats frequently praised for their comfort and support, alongside other notable mentions like Mazda, Ford, and Audi, emphasizing the importance of well-designed seats for driving experience.
Volvo CEO Hakan Samuelsson called on the EU to reduce auto tariffs on US vehicles to promote free trade, criticizing current tariffs which hurt Volvo's US sales and prompting plans to increase US manufacturing. The US has imposed significant tariffs on European cars, affecting Volvo's profits amid broader trade tensions and economic challenges.
Swedish automaker Volvo plans to cut 3,000 white-collar jobs as part of a cost-reduction strategy amid trade uncertainties and tariff threats, aiming to improve its financial position and adapt to market challenges, especially in the US where tariffs could impact its electric vehicle sales.
Volvo's recent pro-family ad for its electric SUV, the EX90, has been praised on social media for its wholesome and life-affirming message, contrasting sharply with the backlash faced by Jaguar's 'woke' rebranding campaign. Jaguar's new ad, which features androgynous models and lacks any cars, was criticized for its modernist approach, while Volvo's ad, highlighting family safety and traditional values, resonated positively with audiences. The differing receptions highlight a cultural shift in advertising preferences.
Volvo plans to sell 62.7% of its stake in EV maker Polestar and cut off funding, aiming to focus on its own development as it transitions to lead in next-gen mobility. Despite the sale, Volvo will retain influence over Polestar and continue collaboration. Geely, Polestar's parent company, will support the EV maker financially and operationally. Polestar is set to launch new models, while Volvo also has an exciting lineup of EVs launching this year. Polestar's stock is down over 8% following the news, reflecting a broader downturn in EV stocks.
Cyan Racing has unveiled the Volvo P1800 Cyan GT, a stunning restomod with a turbocharged 2.0-liter engine producing up to 414 horsepower, carbon fiber body, and a bespoke titanium roll cage. The car features a softer, fully adjustable suspension for improved comfort on long journeys and additional sound-deadening material in the interior. Each build takes 12 to 15 months to complete, and production will be limited, with the second car already delivered to the US. Pricing details have not been disclosed, but it is expected to be in the high range due to the regular P1800's cost of up to $700,000.
Volvo's stock surged after reporting strong sales and a 70% increase in EV deliveries, resulting in a 21% revenue jump and a 43% surge in profit. The company will no longer fund Polestar and is evaluating a potential adjustment with its shares, with Geely Sweden Holdings possibly becoming a new shareholder. Volvo's focus on the premium end of the EV market and its flexibility in product offerings have contributed to its success, with plans to become a fully electric company by 2030. Despite the ownership change, Volvo and Polestar will continue to collaborate on engineering for their next-generation vehicles.
Volvo Cars will stop funding its all-electric performance brand Polestar and reallocate funds towards its own projects, as it plans to transfer a portion of its stake in Polestar to parent company Geely, which will provide full operational and financial support to Polestar. Despite Volvo's record profits and successful EV sales, Polestar has struggled, leading to layoffs and delivery target issues. The line between Volvo and Polestar has blurred, and Geely's bailout aims to support Polestar's future endeavors.
Volvo is ready to stop funding Polestar and hand over control to Geely, its parent company, due to Polestar's struggles as an efficient investment and stable competitor in the EV market. Despite reporting some growth and positive reception for its Polestar 4 vehicle, Volvo is considering relinquishing its shares in Polestar, which have declined significantly since the company went public in 2022. Geely has announced its commitment to providing operational and financial support to Polestar as an independent brand.
Geely's takeover of funding for struggling EV maker Polestar from Volvo Cars signals a shakeout in the global electric-vehicle industry, as the massive expense of developing EVs and a global EV-demand slowdown force tough decisions to cut losses. With Geely's majority stake in Volvo, the move aims to streamline investment and technology sharing across brands, including Polestar, as other EV startups also struggle with scaling up. The consolidation wave reflects a cooling capital-market enthusiasm for EVs, leading investors to reward companies that pull back on spending, while legacy automakers seek more public subsidies to increase production of electric vehicles.
Volvo has cut off funding for its electric vehicle subsidiary Polestar, despite being an early adopter of electric cars. The Swedish automaker's stock surged as it announced a focus on in-house electric vehicles and a potential shift of control to Geely Holding. Volvo's own EV sales have seen significant growth, but the overall EV market is facing challenges, with Polestar struggling since going public and rental giant Hertz planning to sell off EVs due to repair costs and low demand. Despite setbacks, Polestar remains optimistic and Volvo aims for a fully electric vehicle lineup by 2030.