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Volvo enters autonomous driving market via company acquisition

Teslarati

Volvo has acquired Zenseact, an autonomous driving hardware and software supplier. While many automakers now view autonomous driving products as the auto industry’s future, recent history has shown that it can be a highly volatile market. Details regarding how much Volvo paid for the shares have not been disclosed.

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Geely officially discloses new global B-segment automobile modular architecture: BMA; new BMA-based SUV to launch this year

Green Car Congress

Automobile modular architectures—for example, TNGA of Toyota, and MQB, MLB and MEB of the Volkswagen Group—hav become a major trend in the auto industry. The BMA platform will be applied in compact cars, including SUVs, sedans, MPVs, crossovers, and wagons.

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Polestar eyeing massive production growth, could hit 50k units this year

Teslarati

In an interview with Yahoo Finance , the Polestar CEO stated that the company is on track to produce 50,000 units this year, spurred on by help from Volvo and Geely, Polestar’s parent companies. According to the Swedish company’s CEO, this has been possible mainly through help from parent companies Volvo Cars and Geely Motors.

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EV prices nipping at gas-powered vehicle heels with discounts and cheaper options

Baua Electric

A new RWD Model Y , starting at $43,990, brought the average down even further as Tesla’s cheapest electric SUV in the US. With an average transaction price of $50,051, Tesla is slightly below the industry average and within $1,300 of the average gas-powered vehicle. Tesla led the way after slashing prices all year. It could be close.

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GM’s rosy year-end figures obscure the fact that legacy automakers are in deep trouble – Charged EVs

Baua Electric

Duplicitous doublespeak has become de rigueur dialect in the auto industry. “We We strongly believe in EVs,” say auto dealers as they support efforts to slow the EV transition. GM edged out fellow brontosaurus Toyota to take the #1 spot in US sales, and also scored #1 in sales of SUVs and trucks.

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New milestone in 2023: What drove India to record over 41 lakh car sales

Baua Electric

REUTERS) The just concluded year 2023 was a cheerful one for the Indian auto industry, as the car manufacturers in the country breached the four million mark for the first time. This created quite a ruckus in the global auto industry. per cent growth over 39 lakh units registered in 2022.

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Volkswagen has ‘all the ingredients’ to succeed as the US shifts to EVs, but will it?

Baua Electric

Volkswagen’s CFO Arno Antlitz said Europe’s largest automaker has “all the ingredients” for success as the US auto industry shifts to electric. Scout electric SUV and pickup designs (Source: VW) Once production begins in 2026, VW expects to produce over 200,000 Scout EVs. Volvo sold over 113,000 EVs last year. 2023 VW ID.4