Volvo

Geely Pursues Over $2 Billion Loan to Refinance Volvo Truck Acquisition

2 months ago

Geely, the Chinese automotive giant, is on a quest to secure over $2 billion in loans to refinance its recent acquisition of a controlling stake in Volvo Trucks. This move is a crucial step for Geely as it attempts to streamline its financial commitments linked to the substantial $3.3 billion deal finalized in June.

Volvo Cars Adjusts Sales Growth Expectations Amidst Declining Market Demand

2 months ago

In a significant shift to its business strategy, Volvo Cars has revised its sales growth targets for the upcoming years. The Swedish automobile manufacturer has now set a more conservative sales growth forecast, directly attributing this adjustment to a notable downturn in consumer demand within the automotive sector.

Volvo Leads Coalition of 50 Firms Urging EU to Uphold Combustion Engine Ban

3 months ago

With one bold stroke, Volvo Cars marshaled 49 other influential companies in an urgent plea to the European Union to continue its commitment to a rigorous ban on new combustion engine vehicles by 2035. This strong, well-coordinated effort underlines how determined these companies are to accelerate the change to more sustainable mobility solutions.