Labour to soften 2030 petrol car ban by extending hybrid sales deadline Business Labour is planning to allow hybrid vehicles to be sold until 2035 amid concern over a slowdown in EV sales.
Volvo insists ‘future is electric’ despite ditching 2030 EV-only target Transport and infrastructure Volvo said it would now look for 90 to 100 per cent of its total sales to be either fully electric or plug-in hybrid by the end of the decade.
Volvo: Record-breaking year for car maker as UK sales near £2bn Volvo's UK sales jumped closer to the £2bn mark after another record-breaking year, it has been revealed in newly filed accounts.
Safety first as Volvo’s EV UK sales accelerate, but shares still take a hit February 3, 2023 The UK remains a key market for automaker Volvo, along with Italy and Belgium where its models shifted faster than anywhere else. The Swedish carmaker, which is majority owned by China’s Zhejiang Geely Holding Group, said its global sales were up two per cent last month to 48,520, from the same period last year but [...]
Local authorities sue European truck makers over price-fixing scheme December 31, 2021 More than 100 UK local authorities are taking European truck manufacturers such as Volvo and Daimler to court over a price-fixing scheme. Basildon’s and North Tyneside’s councils as well as 22 fire and rescue services are seeking £450m worth of damages five years after the European Commission ruled that Volvo, Daimler, Iveco, DAF and MAN [...]
Volvo predicts chip shortages to continue as profits go down November 30, 2021 Swedish car maker Volvo has predicted the ongoing semiconductor chip shortages will extend into the new year, impacting the supply chain. Since its listing in the Stockholm stock exchange at the end of October, the group has reported a slump in profit and revenue, going down from 4.6bn Swedish crowns (£380.8m) to 3.3bn (£273.2m) year [...]
Volvo launches world’s first fossil-free steel vehicle October 13, 2021 Volvo Group launched today the world’ first vehicle made of fossil-free steel, announcing that more will follow in 2022 as part of the company’s pathway to reach net zero by 2050. Made in collaboration with Swedish company SSAB – which specialises in transforming raw materials into steel – the load carrier for mining and quarrying [...]