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Volvo Sells 1,000 Battery Trucks, Progresses Hydrogen Plans 

Volvo Sells 1,000 Battery Trucks, Progresses Hydrogen Plans. “The hydrogen refueling infrastructure for heavy vehicles is still largely lacking and will take years to build” Volvo Group of Sweden said on Monday it has sold 1,000 battery electric trucks to Holcim of Switzerland, while also announcing progress on its way to commercializing hydrogen-powered fuel cell […]

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Outlook for Volvo Cars Deteriorating As Profit Dives

Outlook for Volvo Cars Deteriorating As Profit Dives. “While the macro environment is a challenge, new model launches and the gradual unwinding of the supply-chain related delayed car deliveries should provide support” As its major competitors in Europe reported strong earnings, premium sector wannabe Volvo Car’s 3rd quarter operating profit fell by about a third, […]

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Volvo XC40 Recharge

XC40 Marks Volvo’s Initial Response In The Race To Be All-Electric By 2030

XC40 Marks Volvo’s Initial Response In The Race To Be All-Electric By 2030. “The XC40 will appeal to Volvo’s traditional market, while the Polestar is an emerging brand with a much sportier profile” Volvo Car’s ambition to go all-electric by 2030 was looking a bit threadbare with only one model available but plans which emerged […]

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Volvo Sells More Cars, Makes Less Profit

Volvo Sells More Cars, Makes Less Profit. “margins will remain under continued pressure” Volvo Cars of Sweden, owned by China’s Zhejiang Geely Holding, sold more cars and SUVs last year but saw its profit margin slide because of tariff wars and increasing competition. President and CEO Hakan Samuelsson said this wasn’t good enough and promised […]

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