Logistics firm DSV plans to buy 300 electric heavy trucks from Volvo AB in what would be one of the largest commercial orders to date for the Swedish manufacturer’s battery-powered rigs.
August 23, 2024Latest News Updates From Rafaela Lindeberg
DSV Orders 300 Electric Trucks in Major Volvo Deal
Polestar Starts US Production to Sidestep Steep EV Tariffs
Polestar Automotive Holding UK Plc has started production of its Polestar 3 sport utility vehicle in the U.S. to sidestep the nation’s tariffs on Chinese-made electric vehicles.
August 14, 2024Polestar Loss Deepens to $1.46B Amid Slowing EV Demand
Polestar Automotive Holding UK Plc reported deepening losses for last year as the EV maker faced weaker demand amid organizational challenges that delayed its earnings report.
June 28, 2024Scania Ramps Up E-Truck Output
Swedish truck maker Scania is ramping up production of electric rigs now that previously delayed batteries from Northvolt AB have begun arriving in greater numbers at its factory in Sodertalje.
June 14, 2024Volvo Recalls All EX30 Cars on Software Glitch
Volvo Car AB is recalling all of the almost 72,000 units it has made of its new flagship model — the fully electric EX30 — due to a software issue.
June 10, 2024Volvo Car Just Made Its Last Diesel Vehicle
Volvo Car AB produced its last automobile with a diesel engine this week, ending an era for the manufacturer that plans to only make electric vehicles by 2030.
March 27, 2024Volvo Shares Fall After Outlining Truck Production Cuts
Volvo AB declined after saying it will gradually reduce production in line with normalizing demand after years of supply chain disruptions that left manufacturers with record order banks.
January 26, 2024Geely Cuts Volvo Stake but Says Will Stay Long-Term Investor
Volvo AB’s second-largest shareholder Geely confirmed it lowered its stake in the company by redeeming bondholders with the truck maker’s shares over the past months.
January 10, 2024Scania Will Offer Electric Trucks as Pay-Per-Use
Scania is combining with logistics firm sennder Technologies to deploy 100 e-trucks to carriers in Germany.
November 8, 2023Volvo Picks New Chairman Amid Spinoff Talk
Volvo Group, one of the world’s largest truck makers, has proposed that Par Boman be appointed its new chairman at the Swedish company’s annual general meeting in March.
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