Volvo Cars global fall 16% as China and US demand weakens
On the Dash:
Volvo Cars global sales fell 16% to 141,656 vehicles from August through October.
Weak demand in China and lost EV incentives in the U.S. drove the decline.
...
TSLA397.2506.41%
GM86.300-2.6%
F11.885-0.365%
RIVN12.845-0.695%
CYD21.190-0.64%
HMC33.5800.23%
TM210.030-2.97%
CVNA70.790-3.08%
PAG213.330-0.9%
LAD296.450-15.8%
AN180.420-6.79%
GPI258.380-11.89%
ABG200.630-7.31%
SAH60.405-2.825%
TSLA397.2506.41%
GM86.300-2.6%
F11.885-0.365%
RIVN12.845-0.695%
CYD21.190-0.64%
HMC33.5800.23%
TM210.030-2.97%
CVNA70.790-3.08%
PAG213.330-0.9%
LAD296.450-15.8%
AN180.420-6.79%
GPI258.380-11.89%
ABG200.630-7.31%
SAH60.405-2.825%
TSLA397.2506.41%
GM86.300-2.6%
F11.885-0.365%
RIVN12.845-0.695%
CYD21.190-0.64%
HMC33.5800.23%
TM210.030-2.97%
CVNA70.790-3.08%
PAG213.330-0.9%
LAD296.450-15.8%
AN180.420-6.79%
GPI258.380-11.89%
ABG200.630-7.31%
SAH60.405-2.825%
Volvo
Volvo Cars posts Q3 operating loss, plans more job cuts
On the Dash:
Volvo Cars posted a SEK 5.6 billion ($565 million) operating loss as China revenue fell.
The automaker will cut about 2,500 jobs and trim SEK 5 billion...
Volvo expands automated driving partnership with Nvidia, launch expected in 2030
On the Dash:
The Volvo-Nvidia partnership expands to develop next-generation driver-assistance and automated-driving technology.
First deployment will focus on supervised driving, with drivers remaining responsible for the vehicle.
Technology should...
Volvo Cars freezes office hiring as shares sink, names new CEO
On the Dash:
Volvo Cars stopped external office hiring worldwide and paused internal recruitment, according to an internal memo.
Net cash dropped to SEK 10.1 billion ($1.01 billion) in June...
Volvo plans 13 new models by 2030 as it targets market share growth
On the Dash:
Volvo plans 13 new models through 2030, including EVs and hybrids, to broaden its lineup and target double its market share.
Seven models will target Western markets,...
Volvo’s global sales fall 7.4%, bets on EX60 for stronger 2nd half
On the Dash:
Volvo Cars sold 148,239 vehicles from June through August, down 7.4% year over year
China's downturn and weaker U.S. EV and plug-in hybrid demand drove the decline
...
Volvo expands connected safety alerts across its EV lineup
On the Dash:
Volvo is adding four new connected safety alerts to select EVs through an over-the-air update.
The alerts can warn drivers about animals, vulnerable road users, roadwork and...
Volvo global sales fall 4% as China weakness offsets U.S. recovery
On the Dash:
Volvo's U.S. recovery continued despite softer global results, suggesting luxury vehicle demand remains stronger in North America than in some overseas markets.
Electrified vehicles are becoming the...
Sen. Bernie Moreno pushes Connected Vehicle Security Act, says bill protects dealers and U.S. auto industry
Welcome to a special edition of Inside Automotive. On today’s episode, we’re bringing you on location in St. Louis, where CBT News Co-Founder Jim Fitzpatrick is joined by Ohio Senator...
Volvo Cars sees $8 billion in Q2 revenue, forecasts stronger second half
On the Dash:
Volvo Cars' EBIT margin fell to 1.1% from 2.2% in the first quarter.
China sales slumped 35%, driving the sharpest hit to second-quarter profitability.
Cost cuts topped...
Latest Articles
Add us as a preferred source on Google