2012 Volvo T5 26k Warranty Heated Leather Sunroof on 2040-cars

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Geely to sell $1.3 billion of Volvo Truck shares

China’s Zhejiang Geely Holding Group is selling the entirety of its Class B shares in truckmaker Volvo AB that were worth 14.46 billion Swedish krona ($1.32 billion) at the close of trading in Stockholm. In a statement, Geely said the divestment is “in accordance with its long-term strategy” and that it will remain VolvoÂ’s second-largest investor with 88.5 million A shares. “Geely HoldingÂ’s strategic adjustment and inclusion of AB Volvo in its automotive manufacturing and investment portfolio is part of the groupÂ’s risk management and diversified investment strategy,” the company said.   Geely is offering the 49.5 million shares through BofA Securities, Goldman Sachs Bank Europe and Barclays, according to a term sheet. The Sweden-based holding company that owns GeelyÂ’s stock guided that itÂ’s selling for SEK285.9 a share, a more than 2% discount from its closing price. Volvo reported first-quarter operating profit that beat analystsÂ’ expectations on Wednesday, as the truckmaker offset waning orders by charging higher prices. The company has been reducing production as demand returns to more typical levels following a post-pandemic recovery period. Its shares have advanced 12% this year. Geely pared its stake in Volvo in January and also sold some of its holding in Volvo Car AB in November. The holding company behind one of ChinaÂ’s most prominent carmakers early this year had to bail out Polestar, the struggling electric-vehicle manufacturer it started along with Volvo Car.   Earnings/Financials Volvo Truck Commercial Vehicles volvo trucks

2023 Volvos get mild-hybrid engines, XC40 and S60 see styling tweaks

For 2023, Volvo's entire lineup will now feature both mild-hybrid assist engines and Google Android-based infotainment. Additionally, a couple of models are getting some styling updates. As for powertrains, the XC90, XC40 and V60 Cross Country are finally getting base engines with Volvo's 48-volt hybrid assist. This means that every Volvo on sale will have some level of electrification as standard, and of course plug-in hybrid and full-electric versions of some of its models continue to be offered. The Google Android-based infotainment system's availability is also expanding to the gas-powered XC40 models as well as the S60 and V60 models. As with electrification, this update means every Volvo has the same kind of infotainment. The perks of the new infotainment system include the ability to run apps and features such as Google Maps and Voice Assistant natively in the infotainment system, instead of needing to use a phone. It also enables over-the-air updates so that older models can still have the latest functions. Rounding out the updates are some styling changes for certain models. The S60 and V60 models get new grilles and rear bumper inserts. The XC40 features new headlights, front bumpers and grilles. New colors and wheels are on offer for all models, and Volvo has dropped trim level designations for all cars. The updated Volvo models are going into production with availability this summer. Pricing has not been announced yet. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Driving the Ford Explorer ST and Volvo V60 Cross Country | Autoblog Podcast #613

In this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by West Coast Editor James Riswick. First they talk about driving the Volvo V60 Cross Country and Ford Explorer ST, with some thoughts about the Subaru Outback and Super Bowl commercials as well. Then they dive into the mailbag, answering questions and following up on the outcomes of previous "Spend My Money" segments. Finally they wrap things off with a new "Spend My Money," in which they help a listener pick a new car that will accommodate a new, tiny family member without sucking all the fun out of driving. Autoblog Podcast #613 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Cars We're Driving: 2020 Volvo V60 Cross Country 2020 Ford Explorer ST 2020 Subaru Outback Super Bowl ads Mail bag Spend My Money Feedback Email – Podcast@Autoblog.com Review the show on iTunes Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.