volvo

Chinese Geely Buys Stake in Sweidsh Volvo

Chinese Geely Buys Stake in Sweidsh Volvo

On Wednesday, China’s privately-owned automotive group, Geely Holding, has announced plans to acquire an 8.2% share capital holding and 15.6% voting rights in the leading Swedish manufacturer of truck engines, AB Volvo. Chairman Li Shufu of Ge..

Volvo Releases First Compact SUV

Volvo Releases First Compact SUV

On Thursday, Volvo launched their first compact SUV, model XC40 hoping to top the success of their larger XC90 and best selling XC60 models which have driven their fourth straight year of record sales. The new XC40 will be produced at the company&rs..

Volvo to Compete Tesla for EV Market share

Volvo to Compete Tesla for EV Market share

While hype surrounds the Tesla Inc. (NASDAQ: TSLA) upcoming line of affordable vehicles, the Model 3, competition for electric vehicles is becoming fierce. Among the competition, Volvo is announcing that the company will introduce a separa..