Volvo Cars has signed a EUR 1.3 billion sustainability-linked revolving credit facility, renewing an undrawn EUR 1.3 billion credit facility signed in 2017. The successful transaction underlines the growing confidence in the company’s financial and operational transformation.
With the aim of achieving a climate-neutral city by 2030, Volvo Cars teams up with the City of Gothenburg in Sweden for the creation of new urban zones that will be used as testbeds for future sustainable technologies.
Volvo Cars reported the strongest second-half sales numbers in the company’s history in 2020, as fast-growing demand for its electrified cars boosted the company’s recovery from the COVID-19 pandemic impact.
Volvo Cars will assemble electric motors at its powertrain plant in Skövde, Sweden, and plans to establish complete in-house e-motor production by mid-decade. It will invest 700 million SEK to this end in coming years.
On average, it crashes at least one brand new Volvo a day. And it has been instrumental in preserving Volvo Cars’ position as a leader in automotive safety to this very day.
This year, the Volvo Cars Safety Centre crash lab celebrates its 20th anniversary. At the time of its opening by the Swedish king, in 2000, it was one of the most advanced crash labs in the world and in many ways it still i...
Volvo Cars global sales continued to grow in November, with volumes up 6.4 per cent compared with the same period last year. The sales increase was driven by a strong performance in China and in the US, where losses from earlier COVID-19 shut downs were fully recovered.
Volvo Cars engineers call it “the ultimate driving simulator”, but it is not just an excuse for them to indulge their inner basement gamer. Instead, the Swedish company’s ground-breaking mixed-reality simulator is used to make new strides in safety and autonomous driving technology.
To allow rescue services to prepare for any possible crash scenario and to simulate the forces that erupt in the most extreme crashes, beyond what can be simulated with ordinary crash testing, Volvo Cars recently took equally extreme measures. For the first time, it dropped several new Volvos multiple times from a crane, from a height of 30 metres.