Business, Technology, Autonomous

Polestar Names Ex-Nikola Chief Lohscheller as New CEO

Polestar named Michael Lohscheller its new CEO as the electric vehicle maker seeks to stem deepening losses and fix ongoing operational problems.

Rafaela Lindeberg | Bloomberg News
August 28, 2024
Business, Technology, Equipment, Fuel, Logistics, Global Freight, Top 100, Top 50

DSV Orders 300 Electric Trucks in Major Volvo Deal

Logistics firm DSV plans to buy 300 electric heavy trucks from Volvo AB in what would be one of the largest commercial orders to date for the Swedish manufacturer’s battery-powered rigs.

Rafaela Lindeberg | Bloomberg News
August 23, 2024
Government, Business, Technology

Polestar Starts US Production to Sidestep Steep EV Tariffs

Polestar Automotive Holding UK Plc has started production of its Polestar 3 sport utility vehicle in the U.S. to sidestep the nation’s tariffs on Chinese-made electric vehicles.

Rafaela Lindeberg | Bloomberg News
August 14, 2024
Business, Technology

Polestar Loss Deepens to $1.46B Amid Slowing EV Demand

Polestar Automotive Holding UK Plc reported deepening losses for last year as the EV maker faced weaker demand amid organizational challenges that delayed its earnings report.

Rafaela Lindeberg | Bloomberg News
June 28, 2024
Business, Technology, Equipment

Scania Ramps Up E-Truck Output

Swedish truck maker Scania is ramping up production of electric rigs now that previously delayed batteries from Northvolt AB have begun arriving in greater numbers at its factory in Sodertalje.

Rafaela Lindeberg | Bloomberg News
June 14, 2024
Business, Technology, Safety

Volvo Recalls All EX30 Cars on Software Glitch

Volvo Car AB is recalling all of the almost 72,000 units it has made of its new flagship model — the fully electric EX30 — due to a software issue.

Rafaela Lindeberg | Bloomberg News
June 10, 2024
Business, Technology, Fuel

Volvo Car Just Made Its Last Diesel Vehicle

Volvo Car AB produced its last automobile with a diesel engine this week, ending an era for the manufacturer that plans to only make electric vehicles by 2030.

Rafaela Lindeberg | Bloomberg News
March 27, 2024
Business, Technology, Equipment

Volvo Shares Fall After Outlining Truck Production Cuts

Volvo AB declined after saying it will gradually reduce production in line with normalizing demand after years of supply chain disruptions that left manufacturers with record order banks.

Rafaela Lindeberg | Bloomberg News
January 26, 2024
Business, Technology

Geely Cuts Volvo Stake but Says Will Stay Long-Term Investor

Volvo AB’s second-largest shareholder Geely confirmed it lowered its stake in the company by redeeming bondholders with the truck maker’s shares over the past months.

Rafaela Lindeberg | Bloomberg News
January 10, 2024
Business, Technology, Equipment

Scania Will Offer Electric Trucks as Pay-Per-Use

Scania is combining with logistics firm sennder Technologies to deploy 100 e-trucks to carriers in Germany.

Rafaela Lindeberg | Bloomberg News
November 8, 2023