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Translogic 189: 2015 LA Auto Show
Tue, Nov 24 2015The LA Auto Show has become known for its green cars and concepts, and 2015 was no exception. Translogic host Jonathon Buckley gets all the details on BMW's 330e plug-in hybrid straight from BMW President of North America Ludwig Willisch. Then we get up-to-date on Honda's latest FCX Clarity hydrogen fuel cell car. We round out our tour with a stop at the Elio Motors booth for a look at their updated, three-wheel P5 concept and a chat with CEO Paul Elio. But first, we jump in a time machine at the Volvo booth to discuss Concept 26, an interpretation of how car interiors might evolve in the era of self-driving cars. "The reason why we talked about it as a time machine [is] because, really, Concept 26 is giving you back something that is so precious," explained Volvo senior director of design Tisha Johnson. "We're letting you delegate driving to the car, so that you can then have that time to yourself." Click here to learn more about our host, Jonathon Buckley.
Volvo adds 48V hybrid system to a bunch of 2022 models
Sun, Aug 1 2021In 2019, Volvo announced an updated powertrain fitted with a 48-volt mild hybrid system. The integrated starter-generator and regenerative brake-by-wire refilling a small battery could increase fuel economy by up to 15% in real-world driving. There are three layouts, dubbed B4, B5, and B6 that the Swedish automaker's already been rolling out globally. Next year two of them, the B5 and B6, come to the U.S. for the first time under the 2022 Volvo S60, S90, V90 XC, and XC60. The EPA's fuel economy site shows all of those models making small fuel economy gains, too. The B4 and B5 powertrains contain both gas and diesel mild-hybrids, the B6 is gas-only. All of the gas options (Volvo doesn't offer diesels here) will start with a 2.0-liter four-cylinder, the B5 adding a turbocharger, the B6 adding a turbocharger and a supercharger. Per the EPA, the front-wheel drive 2021 Volvo S60 returns 23 miles per gallon in the city, 34 on the highway, and 27 combined. The new 2022 Volvo S60 B5 betters that with 26 city, 35 highway, and 30 combined. The 2022 S60 B5 AWD bests the 2021 model with the both versions of the non-hybrid 2.0-liter engine by one to three miles per gallon in nearly every category. The only model that does better, for obvious reasons, is the 2021 S60 AWD PHEV, which has been renamed S60 T8 AWD Recharge. The 2022 Volvo XC60 comes in AWD B5 spec with the turbocharged 2.0-liter, and AWD B6 spec with the turbo- and supercharged 2.0-liter. Gains are smaller here, the EPA showing a one-mpg increase in the city when comparing the 2021 XC60 to the 2022 B5 model. With the B6 powertrain, the 2022 XC60 improves by one mpg in the city and combined compared to the 2021 model. The EPA site doesn't show a front-drive XC60 for next year, and the XC60 AWD PHEV is already referred to as the XC60 T8 AWD Recharge. It's possible horsepower ratings will change slightly for the mild-hybrid rigs next year, but not enough to change the driving experience. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.
Volvo to stop funding Polestar, sees stock rise dramatically
Thu, Feb 1 2024STOCKHOLM — Volvo Cars said on Thursday it would stop funding Polestar Automotive Holding and was handing responsibility for the struggling luxury car brand over to Volvo's top shareholder China's Geely Holding. The announcement sent the Swedish automaker's stock up more than 30% at market open. The heavy involvement by Swedish-listed Volvo Cars in Polestar, where it owns around 48% of the shares, has been criticised by analysts who see the stake as a drag on Volvo's resources. Like other new EV brands and startups, Polestar has struggled to make headway, particularly since Tesla started a price war last year. The automaker said earlier this month that it had missed its already-reduced delivery targets for 2023. Polestar's shares are down just over 83% since it went public in June 2022 via a merger with a special purpose acquisition company, or SPAC. Volvo Cars said it has considered handing Polestar shares over to Volvo's shareholders, which would make Geely a big direct owner in the brand. Shares in Volvo were up 20% at 0814 GMT, after they soared 32% at market open. Geely in a separate statement welcomed Volvo's decision to focus its resources on its own development. "Geely Holding will continue to provide full operational and financial support to the independent exclusive (Polestar) brand going forward," the Chinese group said. "This support will not require a reduction of Geely Holding shareholding in Volvo Cars," it added. However, the broker Bernstein said it saw a distinct possibility that the Geely ecosystem could sell down its shares in Volvo. Polestar last week said it planned to cut around 450 jobs globally, or about 15% of its workforce, amid "challenging market conditions". It also said in November that it would try to reduce its reliance on external help, publishing a revised business plan, which included getting additional loans from Volvo and Geely. The news could raise questions about the viability of Polestar, which aims to become cash flow break-even in 2025. Some analysts have said it could make more sense to fold Polestar company into Geely. Volvo Cars meanwhile reported a bigger than expected rise in fourth-quarter operating earnings on Thursday, with operating income excluding joint ventures and associates rising to 6.7 billion Swedish crowns ($643.83 million) from a year-earlier 3.9 billion. Analysts polled by LSEG had expected adjusted earnings before tax and interest (EBIT) of 6.5 billion.