Archive for the ‘Volvo’ Category

Volvo Bringing Out Full-Electric XC40 By Year’s End

New model will be second all-electric behind Polestar 2.

by on Apr.01, 2019

Volvo is going full electric on the XC40 by the end of the year, making it the company's second full-electrified vehicle.

Volvo is expanding its electric vehicle line-up, in a manner of speaking, with the news that it plans to release an all-electric version of its popular small utility vehicle, the XC40, by the end of this year.

The Swedish-based, Chinese-owned automaker recently released its first all-electric vehicle, the Polestar 2 at the Geneva Motor Show. That vehicle will hit the market in 2020. However, Polestar is the Volvo’s performance-oriented all-electric sub-brand so the XC40 news comes as a bit of a surprise.

Electrifying News!

Following the trend of the industry, late last year Volvo said planned to introduce a slew of new electric products. (more…)

Volvo Raises $677M With New Bond Issue

Automaker taps debt markets again instead of IPO.

by on Mar.26, 2019

Volvo Chief Executive Hakan Samuelsson said that trade tensions between the U.S. and China as well as the EU were one reason to halt its IPO last year.

More than half a year removed from squelching a run at a stock market listing, Volvo Cars raised 600 million euros, or $677 million, with a new bond issue on Tuesday.

The new issue is the second in the last year for the Swedish/Chinese automaker, which is owned by China’s Geely, as it looks to find ways to fund its ongoing development of battery-electric cars and self-driving vehicles.

Business News!

Volvo said on the Tuesday the bond would mature in April 2024, pay a fixed coupon of 2.125% and have an issue price was 99.625, equating to a yield of 2.205% and a Euro mid-swap of 215 basis points. The settlement was expected to be April 2, and the bonds would be listed on the Luxembourg Stock Exchange, Volvo said. (more…)

Volvo Using Cameras to Prevent Distracted, Drunk Driving

Move comes after plans to keep top speed to 112 mph.

by on Mar.21, 2019

Volvo plans to use in-car cameras and other sensors to help prevent drunk and distracted driving crashes.

Volvo Cars is looking to finish what it loosely describes as a safety “triangle” by using in-car cameras and other sensors to prevent crashes and fatalies due to drunk or distracted drivers by 2021.

Last month, the company introduced the first “side” of the triangle by limiting the top speed of its non-Polestar vehicles to 112 mph. Now by ensuring whomever is behind the wheel is capable of making appropriate decisions, Volvo believes it is significantly closer to its goal of zero traffic deaths.

Safety News!

“When it comes to safety, our aim is to avoid accidents altogether rather than limit the impact when an accident is imminent and unavoidable,” said Henrik Green, senior vice president, Research & Development at Volvo Cars. “In this case, cameras will monitor for behavior that may lead to serious injury or death.” (more…)

Volvo to Limit Speed of All Future Models to 112 MPH

Move to address “dangers of speeding” comes as part of Vision 2020 safety plan.

by on Mar.04, 2019

Volvo Chief Executive Hakan Samuelsson said to improve the safety of its vehicles, they will be limited to 112 mph starting in 2021.

As part of its plan to prevent all deaths in future products, Volvo said Monday that it will limit the top speed to a maximum 180 kmh, or 112 mph starting with all models produced in 2021.

The automaker has laid out a strategy, dubbed Vision 2020, that aims to prevent all deaths and serious injuries in its products. It has been rolling out an assortment of passive and active safety features to help reach that goal, but sees the new self-imposed speed limit as a critical element in reaching its target.

News Now!

“Because of our research, we know where the problem areas are when it comes to ending serious injuries and fatalities in our cars,” said Håkan Samuelsson, president and chief executive of Volvo Cars. “And while a speed limitation is not a cure-all, it’s worth doing if we can even save one life.” (more…)

Americans See Electric Vehicles as the Future, Survey Says

Respondents view EVs as more impactful than recycling.

by on Feb.27, 2019

Volvo was looking for insights about Americans' views of electric vehicles with a new poll.

A new survey commissioned by Volvo Cars USA indicates that roughly three-quarters of American drivers believe electric vehicles are the future of driving.

Volvo said the poll, which was conducted by The Harris Poll, was done because the automaker wanted to develop a better understanding of current perceptions of electric vehicles and how people think EVs could meet their day-to-day driving experiences, including the challenges and the benefits.

Tech News!

One key finding of the poll was that 59% of all drivers feel driving an EV has a positive environmental impact, outweighing activities such recycling, switching to paperless billing or utilizing smart home technology to regulate residential heating and cooling. (more…)

First Look: Polestar 2 Goes All Electric

Long-range performance EV to serve as “foundation of our brand.”

by on Feb.27, 2019

The Polestar 2, the brand's first fully battery-electric vehicle, made its debut.

In a global webcast, Volvo’s new performance subsidiary pulled the wraps off its second new model, the Polestar 2, a battery-electric vehicle set to become “the foundation of our brand,” according to Polestar CEO Thomas Ingenlath.

Set to compete with the likes of the Tesla Model 3, the new offering will initially be offered in key growth markets for electric vehicles, including North America, China and Europe. The base European model will start at 39,900 euros, or about $45,000 at current exchange rates, with the U.S. “Launch Edition” starting at $63,000 before incentives.

Product News!

But Ingenlath noted that Polestar’s goal is to rethink the entire design, manufacturing and sales process, with the company putting an emphasis on all-inclusive subscriptions, rather than conventional retail sales. (more…)

Volvo Updating XC90 for 2020, Launching B5 Mild-Hybrid Technology

Three electrified options attached to new powertrain.

by on Feb.22, 2019

Volvo is introducing its new XC90 that by 2020 will feature three different mild hybrid powertrain options.

Volvo is updating its flagship XC90 crossover for 2020, and the biggest news is likely to be the introduction of a new mild-hybrid powertrain that, the automaker claims, marks a “significant step” in its push to electrify its entire line-up.

Three different versions of the mild hybrid technology, dubbed B4, B5 and B6, will be launched for the 2020 model-year, Volvo claiming that they will boost fuel economy by “up to” 15%, while achieving a similar reduction in emissions.

Product News!

The archetype of Volvo’s ongoing transformation, the XC90 was the first to get Volvo’s T8 Twin engine plug-in hybrid system. That is also being upgraded for 2020. The global edition will feature a new battery and a brake-by-wire system that can recapture more energy normally lost during braking and coasting. The U.S. spokesperson said it was not yet clear if those upgrades will be available for the 2020 American edition of the XC90. (more…)

Sweden Approves Volvo JV for Autonomous Car Testing

Zenuity ready to put software to real-world test.

by on Jan.30, 2019

Zenuity, a Volvo Cars joint venture with Veoneer, received approval from the Swedish government to begin autonomous testing on public roads.

A Volvo Cars joint venture has gotten approval to test its software in self-driving cars on Swedish highways at speeds of up to 80 kilometers or 60 miles per hour.

Zenuity, a joint venture between Volvo and Swedish tech company Veoneer, developed software for Level 4 autonomous driving that will be tested in a Volvo car by trained drivers with their hands off the steering wheel. The venture is striving to keep up with rivals in the U.S. and China in the development self-driving vehicles.

Tech News!

Volvo’s self-driving effort was side-swiped last year when one of its sport utility vehicles, which was being used as a test-bed for Uber’s self-driving venture, was involved in an accident that killed an Arizona pedestrian. A post-accident investigation showed that the advanced-driver assistance features on the Volvo test vehicle had been disabled. (more…)

Apple Cuts Over 200 Jobs at Autonomous Vehicle Project

Move raises questions about what will remain of Project Titan.

by on Jan.24, 2019

Apple Tim Cook had called self-driving vehicles "the mother of all AI projects."

Apple has cut at least 200 jobs at Project Titan, its autonomous vehicle project, sources told TheDetroitBureau.com, a report now confirmed by CNBC.

The operation has been underway in near secrecy for several years and had previously gone through several upheavals, according to sources, as the tech giant tried to figure out exactly what its long-term goals would be. While it appeared committed to the idea of developing self-driving vehicle technology, the big question was whether Apple should also build the cars that would use that technology and, if so, how they would be used.

Breaking News!

“We have an incredibly talented team working on autonomous systems and associated technologies at Apple,” a company spokesperson told CNBC overnight. “As the team focuses their work on several key areas for 2019, some groups are being moved to projects in other parts of the company, where they will support machine learning and other initiatives, across all of Apple.”

(more…)

Polestar’s First All-Electric Model Breaks Cover

by on Jan.03, 2019

Polestar hints that its first all-electric model will adopt a "fastback" shape.

Volvo’s electric performance division is finally charging forward, the plug-in hybrid Polestar 1 getting ready for production, while the sub-brand’s first all-electric model is set to be “fully revealed in the coming weeks,” it confirmed today.

According to a statement, “The car will go into production shortly after the long-range hybrid Polestar 1, which will enter production later this year.” The automaker also emphasized that Polestar 2 will take direct aim at Tesla’s Model 3.

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Breaking Product News!

The teaser shows an overhead view of the Polestar 2’s rounded back end, so not much to go on beyond the fact that it features very aggressively raked rear glass flowing into a rather short trunk lid. That would suggest either a hatchback or an edgy crossover design, Polestar calling it a “fastback.”

(more…)

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