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Esha Vaish

Volvo Cars taps Baidu tech to develop robotaxi for China

01 Nov 2018

STOCKHOLM Volvo Cars has teamed up with Chinese search engine operator Baidu to develop a self-driving taxi for China, it said on Thursday, opening another frontier to secure its place in the robotaxi market while its Uber supply deal remains in limbo. | Video

Truckmaker Scania expects lower China demand over next six months

01 Nov 2018

STOCKHOLM, Nov 1 China's demand for trucks and buses is currently down about 10 to 15 percent from previous quarters and customers are forecasting fewer vehicle purchases for the next six months, the head of truckmaker Scania told Reuters.

Sweden's Electrolux feels the squeeze as tariffs eat into margins

26 Oct 2018

STOCKHOLM Home appliance maker Electrolux forecast higher costs this year and next from rising raw material prices and tariffs on Chinese goods, sending its shares tumbling on Friday.

UPDATE 2-Veoneer delays sales, margin goals as autos gloom spreads

25 Oct 2018

* Shares fall as much as 20 percent (Adds CEO, analyst comment, details, updates shares)

Volvo Cars invests in BP-backed charging firm to lure electric buyers

24 Oct 2018

STOCKHOLM Volvo is investing in a startup called FreeWire whose rapid charging systems for electric cars are being installed across BP gasoline stations in Europe this year.

Demand outlook, emissions worries put brakes on truckmaker Volvo

19 Oct 2018

STOCKHOLM Swedish truckmaker Volvo forecast slower demand for trucks in Europe and China next year, fuelling investor concerns these major markets may have peaked and sending its shares into reverse. | Video

U.S. environmental agency says in talks with Volvo over emissions issue

17 Oct 2018

STOCKHOLM The U.S. Environmental Protection Agency said on Wednesday it has been in talks with Volvo over the last few weeks about an issue with catalytic converters causing some of its vehicles to exceed nitrogen oxide emission limits.

U.S. environmental agency says has been in talks with AB Volvo over emissions issue

17 Oct 2018

STOCKHOLM, Oct 17 The U.S. Environmental Protection Agency said on Wednesday it has been in talks with Volvo over the last few weeks about an issue with their catalytic converters that was causing some vehicles to exceed nitrogen oxide emission limits.

Volvo warns some vehicle engines may exceed emission limits

16 Oct 2018

STOCKHOLM Sweden's Volvo warned on Tuesday that some of its truck and bus engines could be exceeding limits for nitrogen oxide emissions as an emissions control component it uses was degrading more quickly than expected, sending its shares lower.

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