Geely’s ownership increased by two per mille, so there is still a way to go before delisting.
In connection with the share price rise in the autumn, the -27 forecast didn’t really change. If the market recovers, more rapid price movements are in store. Uncertainty has now lasted for several years; before long, consumer confidence will turn upward.
Volvo Cars and Google to collaborate. For reading traffic signs and lanes, as well as more advanced navigation. This doesn’t yet bring a massive influx of AI into cars. Perhaps that’s for the best.
Volvo has received a special authorization from the United States to continue the import and sale of connected vehicles, despite new supply chain regulations.
The authorization was preceded by negotiations with the country’s Department of Commerce regarding, among other things, the company’s cybersecurity.
Volvo Cars has received specific authorization from the Office of Information and Communications Technology and Services to continue importing and selling connected vehicles in the United States under new supply chain security regulations.
Klaus Zellmer will become the CEO of Volvo Cars by October of next year at the latest, succeeding Håkan Samuelsson.
The company aims to double its market share with thirteen new car models by 2030. Profitability has been weighed down by factors such as tariffs, sluggish demand for electric vehicles, and high development costs.
Volvo is adopting a tool from Accenture and Google that allows car Android systems to be developed and tested even faster. The company estimates that it will significantly shorten work phases and also reduce infotainment system development costs by up to 40 percent.
Accenture and Google Cloud stated that insights from the Volvo Cars collaboration will help refine the platform and expand its generative AI capabilities. The companies said they are already working with other automotive and industrial organizations to extend Horizon’s reach into additional companies and markets.
It sounds incredible how precarious the production of Volvo’s new EX60 model is. A lot of challenges in getting cars actually ready for sale.
Sweden is likely Volvo’s best market in terms of demand, but since the April launch, only 291 units of the EX60 have been registered there. The pace isn’t picking up noticeably either—only 39 cars were registered in September.
