Volvo Cars avoids US sales ban with special permit for connected cars
Volvo Cars has been granted a special permit by U.S. authorities for the continued import and sale of connected cars in the U.S.
CarsVolvo Cars has been granted a special permit by U.S. authorities for the continued import and sale of connected cars in the U.S.
CarsVolvo Cars' global sales fell to 162,864 cars during the period February–April this year. This is 10 percent fewer cars than during the same period last year.
CarsVolvo Cars wants to grow in the world's largest car market. There's just one problem. Competition has never been greater.
CarsOil prices are surging and putting pressure on car manufacturers around the world. Volvo Cars could emerge as a winner, according to CEO Håkan Samuelsson. I hear from many customers: "Aha, now it's probably time to look at an electric car," he tells TT.
CarsVolvo Cars' global sales fell by 11 percent in the first quarter, new figures from the company show.
CarsThe Stockholm Stock Exchange took its Easter break with a sharp drop in prices. The broad OMXS index closed down 1.4 percent.
BusinessToday's rise on the Stockholm Stock Exchange strengthened further in the afternoon. At close, the OMXS index was up 1.4 percent.
BusinessThe war in Iran means more expensive gasoline - which in the long run could lead to more people looking toward the electric car market. Volvo Cars CEO Håkan Samuelsson believes this. Customers will probably be reminded that an electric car costs only 3-4 kronor per mile to drive, rather than 20 kronor per mile, he says.
Cars