Volvo reports another significant decrease of its car sales in the US. In June the company has delivered 8,434 cars (down 31.2% year-over-year), while year-to-date it’s 50,585 (down 20.7%). Anders Gustafsson, Senior Vice President, Volvo Car Americas and President and CEO, Volvo Car USA explained shortly: “Demand for our cars remains strong but inventory challenges
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British International Investment and Mahindra will each invest up to $250 million in the automaker’s new electric vehicle unit, as Mahindra aims to lead sales of electric SUVs in the country. BII will have a 4.8 percent ownership in the business, which will focus on electric passenger vehicles. The unit, with a $9.1 billion valuation,
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Doug Newcomb has joined Automotive News as a mobility reporter covering technology and trends reshaping transportation. Newcomb, 60, has a wealth of experience in the connected-car and mobility realms. He is based in Hood River, Ore., and has been reporting on car technology since 1988. His work has appeared in Wired, Automobile and WardsAuto and
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Volkswagen Group’s software unit Cariad believes one of the ways the automaker can monetize future software developments is by offering customers pay-as-you-go autonomous driving technology. “There is a new business model already out there — a subscription model, or function-on-demand — where you can drive autonomously if you want, for the next 50 miles. We
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2:41 PM ET SPIELBERG, Austria — Lewis Hamilton has questioned why fans at the Austrian Grand Prix cheered after he crashed out of qualifying on Friday evening. Hamilton lost control of his Mercedes in Turn 7 and crashed into the barriers lining the outside of the track. The impact was severe enough to damage his
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North America’s auto industry is already weary from two years of supply chain troubles and pipeline interruptions on parts and vehicles. But things could now get a bit worse. The labor contract between the Pacific Maritime Association and the International Longshore and Warehouse Union expired July 1, and that could squeeze inbound inventories even tighter.
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Finnish startup Polar Night Energy and local Finnish utility Vatajankoski have together built the world’s first commercial sand-based, high-temperature heat storage system that can be powered by solar and wind. Sand-filled energy storage in Finland Polar Night Energy’s heat storage system is a 23-foot-tall steel container filled with 100 tons of sand. (Polar Night Energy
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Volvo Cars has announced it will leave Europe’s main automotive lobbying group, ACEA, by the end of this year. The automaker, which aims to be electric-only by 2030, said in a statement Friday that its sustainability strategy is “not fully aligned with ACEA’s positioning and way of working at this stage. We therefore believe it
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A California dealership group and a former customer have agreed to a $2.5 million class-action settlement in a case surrounding ringless voicemails — a practice that is popular among auto dealers. The allegations against Moss Bros. Auto Group, based in Riverside, Calif., claim the company continuously used ringless voicemails that amounted to “aggressive unsolicited marketing”
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