Volvo Cars, the premium car maker, has reported a strong first half of 2016 with operating income more than tripling to SEK5.59bn compared to SEK1.66bn reported in the same period last year. Revenues for the half rose from SEK75.215bn to SEK83.647bn.
The Volvo Ocean Race is regarded as the toughest and most prestigious sporting competition of any kind in the world. No other event tests people and equipment more extremely or requires such a combination of individual skill, team work, engineering excellence, technological capability and pure guts.
Volvo Cars, the premium car maker, has announced it is seeking to raise €500m from a bond issue, its first foray into the global corporate bond markets in its 89 year history. The Swedish company will begin a roadshow for potential investors on Monday next week.
Volvo Cars, the premium car maker, has announced a robust start to 2016 with operating profit for the first three months of the year increasing strongly to SEK 3.1bn and the operating profit margin reaching 7.5 per cent, as sales improved in Europe, Asia and the US.
The multi-billion pound motor insurance industry faces a period of radical restructuring as a result of the advent of autonomously driving cars, with the number of crashes set to drop by 80 per cent by 2035 and insurance premiums set to plummet, a high level panel discussion organized by Volvo Cars and Thatcham Research will hear today.
Volvo Cars, the premium car maker, is to begin the UK’s most ambitious autonomous driving trial next year to speed up the introduction of a technology that promises to massively reduce car accidents as well as free up congested roads and save drivers valuable time.
Volvo Cars, the premium car maker, plans to launch China’s most advanced autonomous driving experiment in which local drivers will test autonomous driving cars on public roads in everyday driving conditions.
Sweden’s famed Nordic Model, which brings together the public sector, private sector and academia, provides a template for the rapid introduction of autonomous driving technologies worldwide, Håkan Samuelsson, president and chief executive of Volvo Cars, will say at a seminar on autonomous driving in Sweden this week.