Volvo Cars, the premium car maker, has announced a close partnership with Google, one of the world’s largest technology companies, to develop the next generation of its award-winning in-car infotainment and connectivity solution based on Android, offering access to a wide array of apps and services. It will launch on new Volvo models within two years.
Volvo Cars, the premium car maker, has had its credit rating upgraded by Standard & Poor’s, the global credit rating agency, from BB with a positive outlook to BB+ with a stable outlook, underlining S&P’s faith in its ongoing global financial and operational transformation.
Volvo Cars, the premium car maker, is updating its business model to a changing world and believes the car industry as a whole needs do to the same, its president and chief executive Håkan Samuelsson will announce today at the bi-annual meeting of the UN Global Compact Nordic Network in Gothenburg.
Volvo Cars, the premium carmaker, saw a good start to the second quarter in April, reporting global retail sales growth of 10.5 per cent for the month. Volvo Cars’ three main sales regions all contributed to the double-digit growth.
Volvo Cars, the premium car maker, reported an operating profit of SEK3.5 billion for the first three months of the year, up 11 per cent from SEK3.1 billion during the same period last year. The increase was mainly driven by strong demand for the company’s XC60 and 90 series cars.
Production of Volvo Cars’ new XC60 mid-size SUV started today at the company’s Torslanda plant in Sweden. The first customer-bound car, a T5 Inscription AWD in Crystal White, rolled of the production line just before lunch time.
Volvo Cars, the premium car maker, will build its first fully electric car in China, the company announced today at Auto Shanghai in China. The all new model will be based on Volvo’s Compact Modular Architecture (CMA) for smaller cars, and will be available for sale in 2019 and exported globally from China, Volvo said.
Zenuity, the joint venture between Volvo Cars and Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), starts its operations today. Zenuity is a new entrant in the growing global market for autonomous driving software systems. It marks the first time a premium car maker has joined forces with a tier one supplier to develop leading advanced driver assist systems (ADAS) and autonomous driving (AD) technologi...