Volvo

Costco Wholesale‘s (NASDAQ:COST) auto program is offering incentives of up to $2000 for members on several EVs from Volvo, Polestar, Chevrolet, and Cadillac. What Happened: The deals run from May 1 until July 31 for Costco members who buy or lease certain EVs from the four brands, including...

In a significant move to enhance the electric vehicle (EV) charging experience, Volvo Cars (OTC:VLVLY) announced a partnership that is expected to reduce charging times by up to 30%. What Happened: Volvo Cars has entered into a collaboration with Breathe Battery Technologies, a company originating...

In a recent turn of events, Volvo Cars (OTC:VLVLY) has made a decisive shift towards electric vehicles (EVs), announcing the end of production for all diesel car models by early 2024. This comes amid a sharp fall in the company’s share value. What Happened: Volvo Cars confirmed on Wednesday...

The Swedish automobile giant Volvo experienced a significant drop in its share value, hitting an all-time low, following the initiation of a massive share sale by its parent company, Zhejiang Geely Holding Group. What Happened: As reported by CNBC on Thursday, Volvo’s shares...

Approximately 4,000 members of the United Auto Workers (UAW) at Volvo Group(OTC:VLVLY)-owned Mack Trucks have voted against a proposed contract, opting instead to go on strike, as reported by the UAW. Axios reported that the strike began at 7 a.m. on Monday after 73%...

In a significant shift in China’s electric vehicle (EV) market, traditional automakers are being outpaced by local EV manufacturers, The Wall Street Journal reports. Li Auto (NASDAQ:LI), a Chinese EV manufacturer, has emerged as a standout player in the market. The company delivered nearly 87...

Volvo Car has announced a deal that will allow drivers of its electric cars to access Tesla Inc.’s (NASDAQ:TSLA) network of 12,000 superchargers across the U.S., Canada, and Mexico, The Wall Street Journal reports. Expanding Charging Options According to the Wall Street Journal, the agreement...

The Tesla Inc (NASDAQ: TSLA) Model Y (which recently received more price cuts) continues to assert its dominance in Norway's electric vehicle market, with sales data from the first four months of 2023 revealing the electric SUV outsold its five closest competitors combined. Norway...

It's not clear which companies will come out on top in the race for market share in the electric vehicle space, but one investor sees a way to win without having to choose correctly. What To Know: Ritholtz Wealth Management's Josh Brown is holding shares of ChargePoint...

A leading electric vehicle company shared an update Monday morning. Here are the details investors should know. What Happened: A SPAC merger between Gores Guggenheim Inc (NASDAQ: GGPI) and electric vehicle company Polestar could be getting closer with the company announcing its F-4 statement...

A leading electric vehicle company announced a long-awaited SPAC merger Monday morning and is setting itself up to be the next leader in the market. The SPAC Deal: Polestar announced a SPAC merger with Gores Guggenheim (NASDAQ: GGPI) valuing the company at $20 billion. The valuation is a decline...

Volvo Group lost about a month of truck production in Q2 because of the semiconductor shortage. But it still posted solid results as orders and deliveries soared compared with the pandemic-impacted year-ago quarter. Sweden-based Volvo (OTC: VLVLY) made no mention of a labor dispute at its Volvo...

PACCAR Inc. and Volvo Group are among investors in a special purpose acquisition company (SPAC) that plans to bring self-driving technology company Aurora Innovation public at a $10.6 billion enterprise valuation, the second-highest of four startups seeking to trade on public markets. Aurora,...

Volvo Trucks North America resumed production at its Virginia assembly plant on Monday, encouraging UAW strikers to come back to work under terms of its "last, best, final" offer.  UAW Local 2069 voted down a third tentative agreement on Friday by closer margins than two previous proposed deals...