Stay updated with breaking news from Executive Jim Rowan. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
By Dominic Chopping STOCKHOLM--Volvo Car said it won't provide further funding to Polestar, the electric-car maker it created with Volvo's Chinese owner Geely--the latest EV retrenchment by...
By Dominic Chopping STOCKHOLM--Volvo Car is evaluating reducing its shareholding in Polestar and will no longer provide further funding to the electric-car maker, it said Thursday. ...
The headquarters and tax base of Dyson are to leave British shores and relocate to Singapore, in a move that they claim has nothing to do with Brexit.
Sweden-based automaker Volvo Cars reported a rise in third-quarter operating earnings on Thursday driven by strong volumes and lower costs for semiconductors and raw materials. Volvo Cars, majority-owned by China's Geely Holding, said operating income rose to 4.5 billion Swedish crowns ($402.75 million) in the quarter from a year-ago 2.1 billion. Volvo said it had been able to maintain premium pricing despite facing pricing pressure in parts of the world.
By Dominic Chopping STOCKHOLM--Volvo Car on Thursday posted a rise in third-quarter revenue driven by higher volumes, but cautioned that uncertainties...