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Volvo had barely savored its new factory in Charleston, South Carolina before newly imposed tariffs threatened its future. This plant was opened to build the all-new S60 sedan as well as the next-generation XC90 SUV. Volvo was set to hire around 4,000 new employees, but Automotive News Europe reports that these plans might be up in the air due to the fear of the tariffs. If these tariffs are imposed, it could have a major effect on Volvo’s new factory. Volvo’s CEO Hakan Samuelsson said that if there are trade barriers and restrictions, they won’t be able to create ...
Car keys have evolved a lot since the introduction of the automobile. Keys started off as metal sticks that you’d turn in an ignition, but have evolved into proximity key fobs that you carry around to trigger a start button. Proximity keys are great because they allow drivers to get in their cars without having to reach into their pocket. The next generation of car keys is in development right now as automakers begin to replace expensive key fobs with something we already carry around in our pockets: a smartphone. Tesla has already introduced the idea of using a smartphone as ...
Volkswagen and Ford are in preliminary talks over an alliance to develop and produce products, most likely starting with commercial transporter vans. An announcement from Ford came after Volkswagen’s supervisory board gave its managers a green light to strike a deal with U.S.-based Ford. The goal is a partnership to share development and production costs. Preliminary talks have already started. Ford’s announcement said that the potential projects could span a number of areas, including commercial vans. Ford said that they look forward to exploring with the Volkswagen tea...
Japanese car manufacturer Nissan will gradually lower the number of diesel cars that it sells in Europe reducing it to zero. This is a further sign of the weakening demand for this type of cars as customers worry about tax rises, bans, and restrictions related to diesel in many countries. A spokeswoman from Nissan said that there would be a gradual withdrawal of diesel vehicles in Europe. A source last month had said that Nissan would cut hundreds of jobs at its Sunderland plant, which is Britain’s biggest car factory. The car making industry is facing a global regulatory crac...
As pressures mount on the industry despite rising vehicle sales, climbing technology costs, raw materials and global currency shifts ate into profits at the world’s carmakers. The US car market seems to recover, thanks to the sales increase in the first quarter.German groups Volkswagen and Daimler saw material and commodity costs deflate their earnings, while smaller operators Volvo and Mazda flagged rising technology and marketing spending for their profit drops. The outlay from launching new vehicles also took tolls on Fiat Chrysler, General Motors, Volvo and Daimler, with higher marke...