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Stockholm, Sweden | AFP | Swedish automaker Volvo Cars on Thursday rising raw material costs and inflation drove down profits in the third quarter. The group posted a net profit of 665 million kronor ($61 million) in the July-September period, a drop of 71 percent compared to 2.3 billion kronor during the same quarter a year ago. The figure was far below analysts’ forecasts of between 2.15 and 2.19 billion kronor, according to Bloomberg and […]
by Laure FILLON Agence France-Presse MARSEILLE, France (AFP) – The world’s top conservation forum will vote this week on whether to recommend a moratorium on deep sea mining, with scientists warning that ecosystems degraded while dredging the ocean floor 5,000 metres below the waves could take decades or longer to heal. The proposed ban is among a score of measures deemed too controversial to be decided remotely ahead of the International Union for the Conservation […]
by Dan Martin / Beiyi SEOW Agence France-Presse SHANGHAI, China (AFP) — Chinese entrants in the race to put autonomous vehicles on the road are bringing “robotaxis” online in hopes that a hired-car format can be the key to unlocking wide acceptance of the futuristic technology. It is expected to be years before cars that operate completely without human intervention are unleashed owing to lingering technological, regulatory, and safety hurdles. But as China challenges US […]
FRANKFURT AM MAIN, Germany (AFP) — German automobile group Daimler said Tuesday it was partnering with Sweden’s Volvo to make hydrogen batteries for trucks, as car giants accelerate a push to wean vehicles from fossil fuels. The joint venture between the two, valued at 1.2 billion euros ($1.3 billion), is “a milestone in bringing fuel cell powered trucks and buses onto our roads,” said Daimler Truck chairman Martin Daum. “By forming this joint venture, we […]
SINGAPORE, Singapore (AFP) — Volvo and a Singapore university unveiled a driverless electric bus Tuesday that will soon undergo tests in the city-state, the latest move towards rolling out autonomous vehicles for public transport. High-tech Singapore has become a testbed for self-driving technology and the world’s first driverless taxis went into operation in a limited public trial in the country in 2016. Swedish automaker Volvo Buses and its local partner Nanyang Technological University (NTU) unveiled […]
HONGKONG, China (AFP) — The round-the-world Volvo Ocean Race will resume without Vestas 11th Hour Racing when the sixth leg from Hong Kong to Auckland begins Wednesday. The American-Danish entry is being transported to New Zealand for repairs after a collision with a fishing boat in waters just outside Hong Kong last month that left one fisherman dead. “We have all offered our sincere condolences to all those affected by the incident,” Vestas 11th Hour […]
by Hiroshi Hiyama Agence France-Presse TOKYO, Japan (AFP) — From a car that wants to be your friend to another that burns off the fat: here are five hot vehicles on display at the Tokyo Motor Show. The biennial event opens for a media preview on Wednesday, before throwing its doors open to the public until November 5. The event will feature concept vehicles from top Japanese manufacturers, as well as fresh offerings from major […]
by Estelle Peard Agence France-Presse FRANKFURT am Main, Germany (AFP) — Traditional heavyweights Fiat, Peugeot and Volvo may have shunned this year’s Frankfurt auto show (IAA) or Internationale Automobil Ausstellung, but for Chinese and Taiwanese carmakers looking to make inroads in Europe the chance to step into the limelight was not to be missed. Two years after becoming a surprise hit at the last IAA with an electric sedan concept car to rival Tesla’s Model […]
BEIJING, China (Reuters) – Volvo aims to launch an experiment involving self-driving cars in China in which up to 100 such cars could be deployed, the Swedish automaker said on Thursday (April 7). The planned experiment will see local drivers test the cars on public roads in everyday conditions, Volvo said. It will be conducted in limited driving situations such as on express roads and highways, company executives told Reuters. “This is probably the country […]
