Volvo Cars say it suffered a cyberattack
Volvo Cars suffered a cyberattack on some of its research and development property, the Chine-owned Swedish company said in a press release on 10 December. “Volvo Cars have become aware that …
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Swedish pension firms invest billions in Volvo Cars’ IPO
Swedish pension providers Folksam and AMF have both announced they bought billions of kronor of newly-issued shares in Volvo Cars in the initial public offering (IPO) which took place on …
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Volvo’s global sales down by 10% in August – supplier shut-downs in Asia challenge volume levels
The Swedish automaker Volvo Cars recently reported a drop in global sales in August of 10.6 percent compared with the same period last year. According to media CB, overall underlying demand …
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Volvo halts production at Swedish factory due to chips shortage
Volvo Cars in Sweden is experiencing a shortage of semiconductor chips which temporarily halts production at the carmaker’s factory in Torslanda near Gothenburg in Sweden. Volvo, which is owned by …
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Volvo Cars to take full control of its Chinese business
Volvo Cars have agreed to buy out parent company Zhejiang Geely Holding (GEELY.UL) from their joint ventures in China, potentially boosting the Swedish automaker’s valuation ahead of a planned share …
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Volvo Cars and Geely Holding create Aurobay for joint powertrain operations
Volvo Cars and its parent company Geely Holding have agreed to create a joint venture under the name Aurobay for its powertrain operations, as the companies proceed with their earlier …
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Business in Asia / China / Innovation & Technology / Manufacturing / Sustainability / Sweden / Transportation, maritime
Volvo Car partners with Northvolt to develop and manufacture batteries
Volvo Cars owned by Geely Holding of China is partnering up with Swedish battery maker Northvolt in the development of batteries for both Volvo and Polestar. To find out the …
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Volvo considers IPO with Chinese Geely Holdings to remain its major shareholder
According to a recent company announcement, Swedish automaker Volvo Cars is considering an initial public offering on Sweden’s main stock exchange later this year, with Chinese company Geely Holdings to …
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Shortage of chips halts Volvo Cars production in China and the US
A global shortage of semiconductor chips halts and adjusts the Swedish carmaker Volvo Cars production in China and the United States for parts of March, Reuters reports. Volvo Cars which …
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Chinese Geely and Taiwanese FoxConn form joint venture
Geely, China’s largest private-sector automaker, has taken the first step toward becoming the Foxconn of electric vehicles. Geely and Foxconn, the Taiwanese Apple assembler, are establishing a 50-50 joint venture …
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