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Volvo Cars seeks to oust Northvolt from EV battery venture

Volvo Cars will acquire Northvolt's shares in their battery joint venture NOVO Energy after Northvolt ceased funding, impacting the project's future amid broader funding challenges.

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Chinese automaker Geely steps up challenge to BYD with new hybrid tech

Geely introduces efficient hybrid technology, outperforming BYD in fuel consumption and range as competition intensifies in China's auto market amid sluggish EV sales growth.

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US nonprofit to spend $250 million on electric trucks to lease at California ports

Climate United plans to spend $250 million on 500 electric semi trucks, aiming to boost adoption and meet California's emission regulations by 2035.

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Earnings call: Volvo adjusts growth forecast amid market headwinds

Volvo's Q3 earnings showed a 3% retail delivery increase, with a focus on electrification amidst economic challenges, adjusting sales growth expectations to 7%-8% for the year.

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Volvo Cars tops forecast but cuts outlook on market slowdown

Volvo Cars reported strong Q3 profits but cut its sales growth forecast due to weakened demand for electric vehicles and increased competition, impacting the premium segment.

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Earnings call: Volvo Group reports Q3 sales decline amid market normalization

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Volvo Cars deputy CEO to step down in management reshuffle

Volvo Cars deputy CEO Bjorn Annwall is leaving as part of a reorganisation to enhance simplicity, speed, collaboration, and reduce organisational complexity.

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Volvo Cars sees meager 1% rise in sales in September amid market volatility

Volvo Cars reported a 1% rise in September sales, with electrified models increasing by 43%. European sales grew 23%, while the U.S. and China saw declines.

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European automakers most at risk from US dockworkers strike, analysts say

The dockworkers strike at U.S. ports primarily impacts European automakers' imports, but potential industry-wide consequences loom. Companies are assessing and adapting to mitigate disruptions.

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Factbox-From Boeing to Detroit Three, US labor unions flex muscle

A significant rise in labor strikes across various sectors showcases mounting union activism in the U.S., including dockworkers and healthcare professionals, signaling a shift in labor relations.