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Verizon buys Telogis in connected vehicle market push

(Note/disclaimer: We are owned by Verizon, by way of AOL. This gives us no inside track whatsoever when it comes to news.) With a lot of tech companies and automakers staking their claims in the connected car space, now there are signs that others are looking to move in, too. Today, telecoms giant Verizon announced that it is acquiring Telogis, a California-based company that develops cloud-based solutions for mobile workforces, and specifically telematics, compliance and navigation software used by Ford, Volvo, GM and other car companies, as well as Apple and AT&T. Financial terms of the deal have not been disclosed, although we'll try to find out. Considering that Verizon in 2015 reported full-year revenues of $131.6 billion, the price would have to be very high to be considered "material" and may not be made public for some time, if ever. Telogis in its time as a startup raised a substantial amount of money, just over $126 million in all, including $93 million in 2013, supposedly ahead of an IPO, all from Kleiner Perkins Caufield & Byers. Back in 2013 when KPCB made its investment (which was the first from a VC firm in the company), Telogis told TechCrunch it was profitable and forecasting revenues of $100 million annually for the year. It's not clear what size those revenues are now, but if it was on the same growth trajectory as before the funding, sales would be around $150 million annually, with profitability, at the moment. Other investors include some very notable strategics: the investment arm of General Motors, and Fontinalis Partners, which also invests in Lyft and was co-founded by Bill Ford, the executive chairman of the Ford Motor Company. Before the acquisition, Verizon actually had a business in fleet management and telematics; in fact, the two companies competed against each other for business from the trucking and other industries. Verizon Telematics, as the business is called, is active in 40 countries. But in a way, Verizon buying Telogis is a sign that the latter may have proved to be the more superior, and the one with the key customer deals.

Scratch that new crossover, Volvo teases ad campaign for XC60

If we were to paraphrase the opening lines of Kenneth Graeme's Wind in the Willows for our own purposes, we'd write, "Have you heard about Volvo? They never planned a new crossover at all. It was all a horrid low trick of theirs...." To be fair, though, we can't blame them for our own presumption. When the Swedish car company created a site called LeaveTheWorldBehind.com and teased a couple of videos for some kind of collaboration with Swedish House Mafia, we thought the crossover in one of the teasers pointed to a new vehicle on the way.
Turns out that's not the case. It really is 'just' a collaboration with the band on a music video for Swedish artist Lune's cover of their 2009 song, Leave the World Behind.
But there are Volvos in it, and you can watch it below and hear original song alongside. We've also included the press release with more details on why it all came together, and a behind-the-scenes video on the collabo. To paraphrase Forrest Gump, "That's all we have to say about that."

2022 Volvo XC60 Recharge First Drive Review | Pumping up the electric range

PALM SPRINGS, Calif — It may not look like it on the outside, but the 2022 Volvo XC60 Recharge is a substantially updated plug-in hybrid SUV. In fact, the entire XC60 line is refreshed for the 2022 model year, but weÂ’re going to zero in on the Recharge PHEV.  Volvo let us spend a day behind the wheel of the newly-announced “extended range” Recharge model in sunny California, and we came away with far more feelings than expected from this Swedish crossover. Just so everybody is on the same page, the “extended range” Recharge represents a mid-model-year refresh of the XC60 Recharge. There were 2022 model year XC60 Recharge models sold prior to today that featured the same electric hardware as prior model years, and therefore featured the old EPA-estimated electric range of 19 miles on a full charge. The “extended range” model that we drove bumps that all the way up to 36 miles, nearly doubling the previous range. Volvo says that these new “extended range” models are the ones shipping to dealers now, not the older model. This is definitely something to be aware of in later years should you find a used 2022 XC60. So, how has Volvo found this much extra range? The big difference is in the battery pack, going from an 11.6-kilowatt-hour pack to an 18.8-kWh pack. Volvo managed to package a third layer of cells into the pack that it didnÂ’t have before, and it did so in the same space as before — it continues to run along the carÂ’s spine in the center tunnel area. Volvo claims that this more energy-dense battery pack will take 5-8 hours to charge when hooked up to a 240V power source, so you should easily get a full charge by leaving it plugged in overnight, assuming you have the applicable charging hardware.  This new battery pack is paired with a totally revamped powertrain setup. The layout is the same as before. That means there is an electric motor positioned on the rear axle that drives the rear wheels and a gasoline engine in front that exclusively powers the front wheels, thereby giving the XC60 Recharge all-wheel drive. To our delight, both the electric motor and the gasoline engine are new this year. The new rear electric motor represents a big power boost, with 143 horsepower greatly surpassing the old motorÂ’s 87 horsepower. Ultimately, this means that the XC60 Recharge is now significantly more enjoyable to drive in its purely electric mode (aptly named “Pure”).