Thursday, May 09, 2024
Volvo is revolutionizing road safety with the introduction of an innovative feature designed to alert drivers about nearby crashes and accidents ahead. This system, akin to popular navigation apps, empowers drivers to stay informed and take proactive measures for safer and more secure journeys.
Rare JDM Volvo V70R is being auctioned in the U.S., a 1998 model, originally sold in Japan, now on Bring a Trailer. Low mileage, preserved plastic wrappings on seats, and unique JDM features make it a standout. With 3 days left, bidding at $4,166 presents a chance to own this piece of automotive history.
Volvo's shares surged by more than 26% as it revealed plans to end financial support for subsidiary Polestar Automotive. The move could see Geely Holding, Volvo's majority shareholder, taking over the struggling luxury car brand. Volvo is considering modifying its ownership stake in Polestar, which could involve distributing shares to its own shareholders.
The National Highway Traffic Safety Administration (NHTSA) has recently issued a substantial recall affecting various vehicles for safety-related reasons. Notably, Ford is among the automakers facing a recall due to a significant oil pressure concern. In addition to Ford, both Volvo and Lucid have also initiated recalls to address specific issues. These recalls are part of a larger effort by the NHTSA to ensure the safety of vehicles on the road.
Volvo's impressive foothold in the EV market showcased a 15% overall sales boost, notably marked by a staggering 70% surge in fully electric car sales. Bolstered by a diverse electrified product line and a robust supply chain, Volvo exhibited exceptional regional growth, with Europe soaring by 19%, China by 5%, and the US by 26%.
The expected Volvo midsize electric sedan is buzzing among automobile aficionados. Production is expected to begin in May 2024, with a possible launch in the end of the year Due to resemblance to Lexus' ES sedan, the car's name may be changed. Some leaks claim the automobile will be dubbed the ES90.
Volvo Trucks takes a momentous leap into the Latin American market by delivering eight heavy electric trucks to clients in Brazil, Chile, and Uruguay. This strategic move marks Volvo's debut in the electric truck sector in Latin America, enhancing its global reputation and bolstering its commitment to eco-friendly transportation solutions.
Volvo takes a groundbreaking step in environmental stewardship, partnering with innovative firms to integrate recycled materials and near-zero emission sheets into their products. This initiative marks a significant stride in Volvo's commitment to drastically reducing CO2 emissions and leading the charge towards a more sustainable future.