Volvo said Monday that the global trade war spurred by U.S. President Donald Trump has forced it to delay its plans for an initial public offering. “The issues around trade are hard for us because they impact cars shipped between China and the U.S. It’s a huge drawback,” Volvo...Read More»
A couple of weeks ago, Uber unleashed a fleet of fully autonomous Volvo XC90s in Pittsburgh. Though humans will be paid to keep the driver's seats warm--at least for now--the SUVs are expected to do most of the driving themselves. Now, Volvo has begun rolling out its own fleet of autonomous XC90s...Read More»
In America, some people get their first taste of driving behind the wheels of go-carts and golf carts. In Saudi Arabia, women often climb into bumper cars--though since they're forbidden to drive actual cars in that conservative country, none are practicing for license exams. In Sweden, however...Read More»
It’s a done deal. Chinese-built cars will soon arrive to the U.S. market this summer, and they will bear what to some will be a very unlikely badge: Volvo. In its press conference at the Detroit Auto Show, Volvo confirmed that it will sell the 2016 S60 Inscription, an extended-length...Read More»
When it comes to traffic fatalities, there's good news and bad news: Good news: the U.S. fatality rate has reached an all-time low. Bad news: according to the National Highway Traffic Safety Administration, that rate isn't going to stay low for long. Though NHTSA won't officially announce figures...Read More»
Saab fans, we have some bad news: the automaker has cancelled its agreements with Chinese firms Pang Da and Youngman. As a result, Saab's future seems a little dimmer and grimmer. If you've been following this story, you know that Pang Da and Youngman have been the only investors willing to give...Read More»
Yesterday, Saab hit the snooze button and dreamed of survival a bit longer, thanks to a series of loans from North Street Capital totaling $70 million. That isn't nearly enough to keep the brand afloat, though, and the company has been banking on investments from China for its long-term stability...Read More»
Saab has had more than its share of troubles the past few years, and the company's failing finances have been headline fodder for weeks. So it should come as no surprise that earlier today, the company filed for "voluntary reorganization" with the District Court in Vänersborg, Sweden. Critics...Read More»
To say that Saab has had a tough time the past couple of years is like saying that Alaska is slightly chilly in the winter. Since the recession hit in 2008, Saab has teetered on the brink of collape, but fans will be happy to know that a new infusion of cash has put the company back on its feet...Read More»
Saab is still alive—and well, according to Victor Muller, the CEO of Spyker Cars, Saab's owner. And in recent days, Saab has been on a hiring spree. Monday, Saab Cars North America named Timothy Colbeck its new president and CEO. Colbeck was most recently vice president, sales, at Subaru of...Read More»
Need a vacation? Volvo can help -- whether or not you need a new car, too. First, there's Volvo's longstanding Overseas Delivery Program, which offers shoppers two complimentary tickets to Sweden so they can pick up their ride at the company's headquarters in Gothenburg. Volvo will even let...Read More»
You might recall last year's "Fun Theory" campaign from Volkswagen. We discussed it several times at TheCarConnection, and some of campaign's clips -- like the one of subway stairs converted into a giant piano keyboard -- generated huge views on YouTube. What we failed to mention, however, was that...Read More»
Look, we freely admit that social media marketing departments can get a little carried away. It probably has something to do with (a) their heady blend of type-A personalities and (b) their profound conviction that folks in the real world really, really want to hear what they have to say. Toss all...Read More»
Last week, as the automotive world counted down the clock on Ed Whitacre's self-imposed December 31 deadline to sell Saab, General Motors' CEO had a change of heart and gave would-be buyers of the troubled Swedish brand an extra week to get their act together. Unfortunately, we're not entirely sure...Read More»
When the Saab sale to Koenigsegg fell through last week, a variety of sources lay the blame at GM's feet -- specifically, the way those feet were dragging. That same snail's pace approach to business may be partly responsible for Fritz Henderson's abrupt dismissal yesterday. But if a new statement...Read More»
General Motors fans were dealt a major blow yesterday when another of the company's brand sales collapsed -- this time, the sale of Swedish marque Saab to Koenigsegg Group AB. A member of the Swedish government says that GM will continue to seek out a buyer for the beleaguered brand, but whether...Read More»
The good news for Saab keeps on rolling: last month, we mentioned that the company's sale to Koenigsegg was looking like a done deal (thanks to a €400 million loan from the European Investment Bank), and now comes word that Saab is developing a new, small concept vehicle to presage the company's...Read More»
A couple of weeks ago, we reported that Crown -- a consortium of American investors led by former auto industry executives -- is making a play for Volvo. The group's bid for the brand is substantially lower than that of current front-runner Geely, but we pointed out that the Americans do have some...Read More»
The government of China may be angling hard to unseat the U.S. as the world's dominant economic power (case in point: itsstrong support of a plan to end oil trading in U.S. dollar formats), but China's homegrown companies don't have quite as much weight to throw around. As an example, look no...Read More»
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