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Stockholm: Sweden’s AB Volvo reported a bigger-than-expected rise in quarterly core earnings on Friday, as a broad upturn in demand for heavy trucks more than offset costs stemming from a strained supply chain.

Sweden’s biggest manufacturer by sales also raised its outlook for truck markets on both sides of the North Atlantic this year and forecast a further strong recovery in industry-wide sales of commercial vehicles in North America in 2018.


 
In June, Volvo Cars has announced that Polestar, its performance car arm, will become a separately-branded electrified global high performance car company. On Thursday, the new Polestar revealed its future as a standalone electric performance brand. It confirmed plans for its first three models, a new purpose-built production facility in China and a customer-focused route to market that, it says, will set an industry benchmark for performance vehicles. Polestar unveiled the 600bhp Polestar 1, its first car, which is set to roll off the production line in mid-2019.

 
Mumbai: Volvo Auto India Pvt. Ltd has commenced local assembly operations of its models in India, the India arm of the Swedish luxury carmaker said on Tuesday.

It has started assembling the XC90, a premium SUV, and has plans to assemble more models, including the S90 sedan and XC 60 SUV, Charles Frump, the newly appointed managing director of India operations said in an interview.


 
Swedish luxury car maker Volvo Cars on Thursday said it has appointed Charles Frump as the new Managing Director of Indian operations.

Frump replaces Tom von Bonsdorff who has moved to his home country Finland to pursue a new assignment within the Volvo Group after completing his tenure in India.


Volvo bets big on India reforms
Posted on 18th August 2017
 
STOCKHOLM: Swedish auto giant Volvo is betting on economic reforms of the Narendra Modi government, including the recently introduced goods and services tax, for growth in India, adding that there is scope to improve the flexibility of hiring and firing labourers in the country.

“The Narendra Modi government is driving the development agenda. The number of reforms, including GST, will work as an engine in developing a modern India,” Martin Lundstedt, President of the Volvo Group, told ET.


 
BEIJING: Sweden's Volvo Cars, a unit of Zhejiang Geely Holding Group, has agreed to make some engines available for Geely-branded vehicles, sources said, deepening ties between the carmakers who already share technology through third brand Lynk & Co.

Three people close to Geely and Volvo said the first Volvo-powered Geely model was expected to hit the market as early as late next year as a 2019 model year car.


 
Swedish luxury carmaker Volvo is looking to expandits footprint in Uttar Pradesh.

The company launched its dealership in Lucknow, the first one in UP. The company has cities like Kanpur and Varanasi on its radar for prospective expansion plans.


 
Volvo Cars has introduced the V90 Cross Country, a station wagon based on the S90 sedan in India at a price of Rs 60 lakh, ex-showroom. Like the S90 and the XC90, the V90 Cross Country will also be underpinned by the company's SPA (Scalable Platform Architecture) platform. The station wagon would carry forward the Thor's Hammer LED headlamp setup with DRLs (Daytime Running Lamps) from the S90 and is also offered with vertically positioned LED tail lamps, 20-inch alloy wheels, skid plates at both ends, redesigned bumpers as well as Aluminium brushed roof rails. Inside the Volvo V90 Cross Country, the most prominent change when compared to the S90 sedan is the replacement of faux wood inserts with silver.

 
Swedish car maker Volvo says all its new cars from 2019 will have an electric motor, ending altogether the manufacture of automobiles that have only a combustion engine.

Volvo Cars, which describes the decision as "one of the most significant moves by any car maker," says it will have a range of models, including fully electric vehicles and hybrid cars.


 
Chipmaker Nvidia Corp announced on Monday it was partnering with Volvo Cars and Swedish auto supplier Autoliv to develop self-driving car technology for vehicles due to hit the market by 2021.Volvo is owned by China's Geely Automobile Holdings Ltd .The Silicon Valley-based Nvidia also announced a non-exclusive partnership with German automotive suppliers ZF and Hella for artificial intelligence technology for autonomous driving.Nvidia came to prominence in the gaming industry for designing graphics processing chips, but in recent years has been a key player in the automotive sector for providing the so-called "brain" of the autonomous vehicle.

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