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.