As Penang develops and its economy keeps on growing, Nordic business solutions and brands can meet certain needs, use it for production and cater to consumer demand (such as in the example of H&M and Ikea) The presence in the State of Penang of brands and businesses from the Nordics is being significantly strengthened. Not…
Delivery of the new car model XC40 to dealers started in January 2018, Volvo Cars’ first entry into the small premium SUV segment. Proving popular among car buyers, with global XC40 orders already exceeding 20,000 units at the end of the month. Following its successful introduction to European and American customers, the XC40 will launch…
Volvo Cars, the premium car maker of Sweden, and its Chinese owner Geely Holding has announce they will jointly invest RMB 5 billion (EUR 640 million) in a new standalone electric performance brand called Polestar. This initial investment will support the initial phase of Polestar’s product, brand and industrial development to become a fully consolidated…
Volvo Cars, the Swedish premium car maker, has reported strong growth in operating profit of SEK6.8bn in the first half of 2017, compared to SEK5.6bn for the same period last year, including experiencing a robust sales increase in China. Revenues rose to SEK99.1bn from SEK84.2bn in the first six months of 2016, while the operating…
Chinese-owned Swedish brand Volvo Cars has reported a robust 66 per cent increase in operating profit in 2016 to SEK11 billion and a new record as global sales hit 534,332 cars. Net revenue for the period increased 10 per cent to SEK180.7bn compared to SEK164.0 bn in 2015 while the operating profit margin improved significantly…
Volvo Cars, the premium carmaker, has unveiled a new upgraded China version of its S90 sedan and a top-of-the-line luxury model called S90 Excellence, both aimed at the high-end sedan market, in advance of their first public appearance at the 2016 Guangzhou Motor Show. The new S90 will be the most premium car ever made…
Volvo Cars, the premium car maker, has in November 2016 unveiled a new manufacturing strategy for China in which production capacity will be increased and a global manufacturing and export hub will be developed, servicing growing demand for its new range of cars in the US, Europe and Asia Pacific. Volvo Cars will make its…
Volvo Cars calls it “the world’s most ambitious and advanced public autonomous driving experiment.” On 9 September the Swedish premium car maker officially kicked off ‘Drive Me’, and presented the very first autonomous car that will be used in the project in Gothenburg. The autonomous Volvo XC90 SUV was finalized in Volvo Cars’ special manufacturing…
Volvo Cars, the global premium car maker, and Autoliv Inc, the worldwide leader in automotive safety systems, have on 6 September signed a letter of intent to set up a new jointly-owned company to develop next generation autonomous driving software. The planned new company will have its headquarters in Gothenburg, Sweden, and an initial workforce…
Volvo Cars, the Swedish premium carmaker, and Uber, the world’s leading ride-sharing company, are to join forces to develop next generation autonomous driving cars. The two companies have signed an agreement to establish a joint project that will develop new base vehicles that will be able to incorporate the latest developments in AD technologies, up…
