VLVOF News and Press, Volvo Car From 06/29/23

2023-06-29 04:59:31 ET Summary Volvo Car is making serious strides towards electrification, having joined Tesla's North American Charging Standard and aiming to be a fully electric car maker by 2030. The new EX30 SUV BEV model is expected to democratize electrification due to its ...

2023-04-30 04:31:18 ET Summary BEV sales have been strong the last two quarters and they now account for 18% of overall unit sales. The UK is their third biggest market and management is hoping it will soon be 100% direct. There is so much interest in the new EX90 BEV that Vol...

2023-04-17 14:12:27 ET Treasury Department rules will take effect on April 18 that will reduce the number of electric vehicles that qualify for the full federal EV tax credit. The new rules stipulate that electric and plug-in-hybrid vehicles can only get the full tax credit if the vehicles ...

Summary Polestar delivered 21,000 vehicles in the fourth quarter, more than doubling volumes from the third quarter. Full-year deliveries totaled 51,500 vehicles, beating its revised guidance of 50,000 vehicles. The company has guided full-year 2023 deliveries of 80,000 vehicles, a y/y ...

Summary Volvo Car produces passenger cars under the Volvo and Polestar brand names. The company foresees strong growth and is expected to increase EBIT margin from 2.6% to 8% within 5 years. The stock's valuation is very appealing, and growth expectations are high, making the stock ...

Electric vehicle subscription startup Autonomy placed an order for 23K electric vehicles with 17 global automakers to expand and diversify its subscription fleet beyond just Tesla ( NASDAQ: TSLA ) vehicles. The fleet order of  $1.2B includes EVs from BMW ( O...

The first four Starbucks ( NASDAQ: SBUX ) stores where new electric vehicle chargers powered by ChargePoint Holdings ( NYSE: CHPT ) will be available to customers and members of the public have been set up along a 1,350-mile route that winds through national fo...

Volvo Car Group ( OTCPK:VLVOF ) sales slid sharply in July as the company’s supply chain issues hampered its ability to keep up with demand. Per a press release on Wednesday, sales for the month fell 21.5% from the prior year as a shortage of components like semic...