-
You Can Get Costco Discounts Up To $2,000 For These EVs Taking On Tesla
Friday, May 3, 2024 - 7:26am | 396Costco 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...
-
Volvo Cars Supercharges EV Game With Breathe Tech To Cut EV Charging Times By A Third
Tuesday, March 12, 2024 - 6:22am | 658In 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...
-
Volvo CEO Jim Rowan Waves Diesel Farewell, Shifts Focus To EVs Amid Share Value Plummet
Thursday, December 14, 2023 - 3:58am | 546In 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...
-
Volvo's Share Value Tumbles To All-Time Low At 14% As Parent Company Geely Initiates Massive Sale
Friday, November 17, 2023 - 6:17am | 476The 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...
-
UAW Workers At Volvo's Mack Trucks Reject Contract, Opt For Strike
Monday, October 9, 2023 - 2:35am | 580Approximately 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%...
-
Li Auto, Guangzhou And Geely Trump Legacy Automakers In China EV Market: WSJ
Thursday, July 6, 2023 - 8:07am | 538In 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 Joins Tesla's Charging Network In New Deal: WSJ
Wednesday, June 28, 2023 - 8:51am | 459Volvo 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...
-
Tesla Model Y Outsells Next 5 Closest Competitors Combined In Norway
Monday, May 1, 2023 - 12:30pm | 329The 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...
-
Having Trouble Deciding Between Tesla, Nio, Lucid And Rivian? Buy This EV Charging Stock Instead
Thursday, June 2, 2022 - 3:03pm | 407It'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...
-
What's Going On With The Polestar And Gores Guggenheim SPAC? Here's The Details
Monday, November 15, 2021 - 11:28am | 508A 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...
-
The Next Tesla Or Lucid Motors? The Polestar SPAC Merger Could Put The EV Maker In the Lead
Monday, September 27, 2021 - 11:33am | 751A 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 Posts Solid Q2 Results Despite Losing Month Of Production
Tuesday, July 20, 2021 - 4:45pm | 673Volvo 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, Volvo Invest In Self-Driving Tech Company Aurora's $10.6B SPAC
Thursday, July 15, 2021 - 4:09pm | 1131PACCAR 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,...
-
Fintech Focus For July 13, 2021
Monday, July 12, 2021 - 7:45pm | 1849Quote To Start The Day: “The question isn't who is going to let me; it's who is going to stop me.” Source: Ayn Rand One Big Thing In Fintech: Binance traders around the world have been trying to get their money back. But unlike a more traditional investment platform, Binance is...
-
End Game: Volvo Reopens Plant And Encourages Strikers To Come Back
Monday, July 12, 2021 - 10:34am | 728Volvo 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...