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Volvo Cars raises US$533M via issuance of preference shares to Swedish investors

Green Car Congress

Volvo Cars has raised SEK5 billion (US$533 million) from the sale of newly-issued preference shares to a group of Swedish institutional investors. The preference shares may be repurchased or converted into listed ordinary shares upon the majority shareholder’s decision. At this time, no decision has been taken.

Volvo 150
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Uber launches self-driving pilot in San Francisco with Volvo Cars

Green Car Congress

Uber is expanding its self-driving pilot to San Francisco, California, using specially-converted self-driving Volvo XC90 premium SUVs. Volvo Cars and Uber are contributing a combined US$300 million to the project. Both Uber and Volvo will use the same base vehicle for the next stage of their own autonomous car strategies.

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Update: Top 10 Electric Cars

Clean Fleet Report

for 2016, followed by the Model X. has fully embraced EVs and, after years of teasing with snazzy concepts, the real hardware is for sale–and is selling well. News: Mercedes EQC Introduced ; First Drive: 2016 Mercedes-Benz B250e ; Smart Fortwo ED; 8. Volvo and its sister company Polestar has just started selling its EVs.