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Top related persons:
Björn Annwall - 1
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Europe London China
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Volvo - 1 Volvo Cars - 1 EV - 1

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2 mentions found


☆ Shares of Volvo Cars up 6% to November highs on record sales month
  + stars: | 2024-04-04 | by ( Jenni Reid | ) www.cnbc.com   time to read: +1 min
Sweden's Volvo Cars on Thursday climbed to its highest level since November, after the automaker reported record single-month sales for March and solid electric vehicle growth in Europe. Year-on-year sales of electric vehicles in Europe were 22% higher in the quarter and up 34% year-on-year in March, roughly in line with overall sales growth in that market. Sales of electric models to China, the largest EV market, dropped by 36% despite a 4% hike in overall sales. Overall sales growth was 17%. "These numbers reflect the strength of our strategy and product diversity - offering fully electric cars alongside plug-in hybrids and mild hybrids in the right mix," Volvo Cars' Deputy CEO Björn Annwall said in a statement.
Persons: Björn Annwall Organizations: Volvo, Volvo Cars, EV Locations: Europe, London, China
☆ Volvo says it won't charge for basic software updates like heated seats after backlash against BMW's pay-to-heat plans
  + stars: | 2022-12-22 | by ( Tim Levin | ) www.businessinsider.com   time to read: +2 min
Car companies want to make extra money by charging car owners for software updates. Volvo won't ask owners to pay up for minor upgrades like heated seats, its COO told Bloomberg. As some rivals seek to monetize every corner of car ownership, Volvo won't charge extra for minor software updates and feature upgrades, according to an executive. He said Volvo could ask owners to pay up for a significant update like a self-driving system. Volvo's approach is markedly different from competitors that are pushing the limits of what customers will pay extra for.
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