Green New Flop: Volvo Abandons Plans to Sell Only Electric Vehicles by 2030
Sweden-based Volvo Cars is abandoning its plans to sell only electric vehicles (EVs) by the end of the decade, executives announced.
Volvo
Houthi Red Sea Attacks Send Shipping Costs Soaring over 300%
Shipping costs rose over 300 percent due to the Iran-backed Houthi terrorists of Yemen attacking cargo ships in the Red Sea.
China’s Automakers to Skirt Tariffs, Fill U.S. Market with Electric Vehicles
Some of China’s biggest automakers are looking to skirt U.S. tariffs and flood the nation’s auto market with cheap electric vehicles.
Exclusive: Consumer Groups Pressure Congress to Stop Car Companies from Spying on Americans
A coalition of over a dozen consumer rights, data privacy advocates, and free market organizations has signed a letter encouraging the House Innovation, Data, and Commerce subcommittee to give car owners control of the data generated by their vehicles.
China Locks Down Chengdu, City of 21 Million, over 600 Alleged Coronavirus Cases
The Chinese government announced the southwestern city of Chengdu, provincial capital of Sichuan with a population of 21 million, will be under coronavirus lockdown from Thursday evening at 6:00 p.m.
Missouri Man Receives New Car After Driving One Million Miles in 30-Year-Old Volvo
A Missouri man has been rewarded with a brand new car after driving his 30-year-old Volvo one million miles.
Volvo Opens Manufacturing Plant in China, Will Export Vehicles to U.S.
Multinational corporation Volvo is opening a new factory in China this week under its Polestar electric vehicle brand with plans to sell the product to American consumers.
Significant Danish Police Operation Cuts Off Copenhagen Island From Sweden and Germany
Danish police launched an unprecedented operation to lock down Zealand, the nation’s largest Island, on Friday afternoon amid reports that officers were urgently hunting for a Swedish Volvo car in relation to a kidnapping.
Report: Uber Makes Self-Driving Car Deal with Volvo
Uber plans to purchase up to 24,000 self-driving Volvo cars in a new deal between the companies.
Volvo is First Major Carmaker to Forgo Traditional Engines
HELSINKI (AP) — Volvo will begin producing electric motors on all its cars from 2019, becoming the first major automaker to forgo traditional engines that rely exclusively on internal combustion.
Boom in SoCal Wholesale Sector Jobs May be Ending
The Los Angeles County Economic Development Corporation (LAEDC) has warned in a new report that jobs from the Southern California’s $1.5 trillion wholesale sector, which account for 8.3 percent of the GDP of the United States, could be at risk due to slowing Asian trade and the rapid introduction of autonomous big-rig trucks.
Tesla Misses Deliveries by 12%; Stock Plunges
Tesla’s stock plunged by $1.5 billion in after-hours trading on Tuesday following the company’s announcement that it missed Wall Street’s vehicle delivery estimates for the fourth quarter of 2016 by 12 percent.
Google, Uber, Ford, Volvo, Lyft Join Forces to Push Self-Driving Cars
The big push for self-driving cars is well and truly under way, as engineers assure us the technology is rapidly becoming practical. Bloomberg Technology reports that a new coalition to advocate self-driving cars includes Google, Ford Motor Company, Uber, Lyft, and Volvo.
Volvo Trucks Laying Off Hundreds in February
Volvo Trucks North America has confirmed that it will be reducing production of several truck lines and will therefore be laying off 1 in 4 workers beginning in February of next year.
Your Self-Driving Car Could be Programmed to Kill You to Save Others
What if your driverless car decides that your life is expendable in order to save a school bus full of children?
