Polestar, a Volvo Car Group company, responsible for performance offers and motorsport activities of the group, has decided to not renew the three-year V8 Supercars contract that ends after the current season.
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.
Volvo Cars continued to grow sales globally in April and posted an 11.3 per cent increase in retail sales for the month, selling 42,434 cars. Sales of the new Volvo XC90 were the main growth driver globally, while the consistently popular XC60 was the best-selling model overall. Global growth for the first four months was 11.8 per cent.
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.
Polestar Cyan Racing drivers Fredrik Ekblom and Thed Björk made the most of wet and difficult conditions in Hungary to break into the top five twice during this weekend’s FIA World Touring Car Championship races.
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.
Volvo Cars continues to grow sales globally in March and posted an 11.5 per cent increase in retail sales for the month, selling 52,279 cars. Sales of the all-new Volvo XC90 were the main growth driver globally, while the XC60 was the best-selling model overall. Global growth in the first quarter amounted to 11.9 per cent.