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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.

Volvo Concept Coupe is brand's 'next-generation P1800' [w/video]

Volvo is calling the Concept Coupe its "next-generation P1800."
The teasing can now officially come to an end - Volvo has released all the images, videos and details on its new Concept Coupe, and we're intrigued. The Swedish automaker is calling the concept its "next-generation P1800," and those are some pretty big shoes to fill. Fortunately, it's not all talk; there are clear links to Volvo's much-loved coupe in its shape, though we certainly wouldn't call the Concept Coupe 'retro.'

2022 Volvo S60 Black Edition darkens the sedan's trim

Volvo revealed the 2022 Volvo S60 Black Edition today, firmly hopping on the trend of blacking out different trim bits that countless other cars offer. The staid but handsome S60 is given a dash of attitude with this appearance package, and we like the look. Volvo says the Black Edition features glossy black paint for the grille, Volvo badge, grille slash, window trim badging and exhaust tips. Additionally, the 19-inch wheels are painted in the same shade of glossy black. You’ll have two paint options: Onyx Black Metallic or Crystal White Metallic.  All of the badging in black is a unique look for Volvo products, as weÂ’re accustomed to seeing brightwork on all of SwedenÂ’s cars these days. You can get the Black Edition for the Momentum, R-Design and Recharge (PHEV) models, so itÂ’s essentially available across the model range. It adds $700 to the purchase price, meaning a base, front-wheel-drive Momentum Black Edition costs $40,995 after destination. The S60 Black Edition is going to be built in limited quantities for the 2022 model year — Volvo says only 450 total will be produced. So if you like what you see here, best go out and snag one before theyÂ’re all spoken for. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.