|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||14.69 - 14.88|
|52 Week Range||12.06 - 19.18|
|Beta (3Y Monthly)||1.32|
|PE Ratio (TTM)||9.74|
|Forward Dividend & Yield||1.08 (7.29%)|
|1y Target Est||N/A|
Volvo and Singapore's Nanyang Technological University are testing the world's first full-size, autonomous electric passenger bus. Hakan Agnevall of Volvo Bus Corporation weighs in.
Volvo Cars will pay a dividend of 2.9 billion Swedish crowns (235 million pounds) after record sales in 2018, the company said on Thursday, with almost all of it slated to boost the coffers of its debt-laden Chinese parent Geely. The payment comes as carmakers are grappling with the fallout of trade wars, rising costs for developing electric and driverless cars, and an industry downturn that has dented even the most profitable companies. The trade war caused Volvo to postpone plans for a listing last year and generated additional costs to retool its factories to limit the tariff impact.
A "virtual human" suddenly steps out at a blind bend, but the engineer in the Volvo car's driving seat on the test track doesn't flinch, leaving it to software to take evasive action. Private test tracks like the one owned by Sweden's AstaZero are playing an increasing role as manufacturers like Volvo put self-driving cars through their paces following high-profile setbacks on public roads, auto executives say. Automakers and technology companies are locked in a race to bring these vehicles into commercial use by 2022, but their efforts on public roads stumbled last year when an Uber test car hit and killed a pedestrian.
GÖTEBORG, Sweden , March 12, 2019 /PRNewswire/ -- Volvo Group today published the Annual and Sustainability Report 2018 on www.volvogroup.com . Under the theme Driving Prosperity the report outlines the ...
Many believe improving vehicle-to-infrastructure technology will help reduce congestion and improve fuel economy of vehicles. Volvo Group put that to a test in conjunction with the state of California along two connected corridors in Carson. The company used two Volvo VNL tractors with prototype Eco-Drive technology that integrated with traffic signals along the route.
Volvo is to be congratulated on limiting the speed of their cars to 180km/h ( March 5 ), but it is hardly leading in this regard. Japanese carmakers have for a long time capped the speed of their domestically ...
Volvo Cars may not sell its high-performance Polestar electric vehicles in the U.S. if Washington slaps tariffs on imports from China, the Financial Times reported Wednesday . The automaker recently revealed its Polestar 2, which executives said is priced competitively with Tesla's Model 3 sedan .
(Reuters) - Volvo Cars, owned by China's Zhejiang Geely Holding Group Co, will not sell its all-electric Polestar models in the United States if the company faces tariffs on exports from China, the Financial ...
The Polestar 2, a $63,000 sports saloon with a 300-mile range that competes with the Tesla Model 3, was displayed at the Geneva Motor Show this week and goes on sale next year as one of the first mid-priced all-electric cars from a mainstream car manufacturer. “The business case for bringing the car to the US is highly dependent on the type of tariffs we have,” Polestar chief executive Thomas Ingenlath told the Financial Times.
Now, a campus in Singapore is set to test a full-sized autonomous bus from Volvo. The Swedish auto-maker's single-deck 7900 electric vehicle will carry up to 80 passengers at a time from the Nanyang Technological University (NTU). Meanwhile, a second Volvo self-driving bus will undergo a trial at a bus depot managed by the country's public transport operator.
The 12-meter long Volvo 7900 electric bus is jointly developed by the Swedish automobile firm, together with Singapore's Nanyang Technological University (NTU), whose researchers will oversee the artificial intelligence developments of the vehicle. The zero-emissions vehicle will require 80 percent less energy than its diesel powered counterparts. Other features include light detectors, 3D picture-taking and a location accuracy of up to one-centimeter using an advanced navigation system.
Sweden's Volvo Buses and Singapore's Nanyang Technological University (NTU) on Tuesday unveiled a full-size autonomous electric bus for testing this year in the city state. High-density Singapore has been encouraging the development of driverless technology in hopes that its residents will use more shared vehicles and public transport. Tests with one bus on the university campus could begin in a few weeks to months, before moving to public roads after regulatory approvals, NTU President Subra Suresh told reporters.
COPENHAGEN, Denmark (AP) — Volvo Cars says it will limit the top speed of its new cars at 180 kilometers per hours (112 miles per hour) in all markets as of next year because "too many people get seriously injured or even killed because of excessive speeding."
Volvo Cars said on Monday it will introduce a 180 km per hour (112 mph) speed limiter on all new vehicles as the Swedish automaker seeks to burnish its safety credentials and meet a pledge to eliminate passenger fatalities by 2020. While Volvo, whose XC90 flagship SUV currently has a top speed of 212 km/h, has made progress on its so-called "Vision 2020" target of zero deaths or serious injuries, Chief Executive Hakan Samuelsson said it is unlikely to meet the goal without additional measures to address driver behaviour. "We've realised that to close the gap we have to focus more on the human factors," Samuelsson told Reuters.
Volvo is cutting the top speed for all of its new models to 112 miles per hour from 130 mph starting next year. The move is part of the Swedish automaker's Vision 2020 initiative to eliminate fatalities or serious injuries by next year. Safety advocates are increasingly warning higher speeds are a factor behind traffic accidents and fatalities staying at high levels.
We sampled a 2019 X5 xDrive40i, the basic configuration of the X5 which features a 3.0-liter inline-six engine with 335 horsepower mated to an all-wheel-drive system for $72,530.
The first rule of marketing: If you're going to stop the world in its tracks and tell it to put its entire attention on your announcement, you might want to be absolutely sure that news will be seen in a positive light. Tesla (NASDAQ:TSLA) CEO Elon Musk forgot that rule this past week, up-ending a budding, much-needed rally from Tesla stock in the process.Source: JD Lasica via Wikimedia Commons The news in question, of course, was Tesla's announcement that it would finally begin selling the long-touted $35,000 version of its Model 3 electric vehicle.Mission accomplished. Unfortunately, the company has been forced to hatchet off more pieces of itself to make it happen, resulting in a not-entirely-surprising dial-back of this year's profit outlook.InvestorPlace - Stock Market News, Stock Advice & Trading Tips It Is, In Fact, a $35,000 Model 3It's here. Thursday's big announcement was the unveiling of the often discussed but not yet available $35,000 Model 3.As far as vehicles go, it's not exactly a head-turner. It's got a smaller battery -- and therefore less range -- than earlier versions of the Model 3, and it doesn't come with power seats. It's also only available in black (though to his credit, Musk didn't borrow the "any color so long as it is black" line from Henry Ford). And, you won't be able to buy it from an actual person. The company is culling most of its stores, and will send you online to make all future purchases of Tesla's vehicles. * 10 Best High-Growth Stocks for Young Investors But it is a $35,000 Model 3.It just may not be worth it to the company's investors. Not Necessarily Worth ItFans and followers of Tesla stock cheered back on Jan. 30 when, on the heels of a fourth-quarter earnings miss, Musk wrote in his quarterly letter to shareholders "we are expecting to have positive GAAP net income and to generate positive free cash flow (operating cash flow less capex) in every quarter beyond Q1 2019."Now, not so much. Musk conceded the current quarter wouldn't be a profitable one, and was only willing to say profits were "likely" for the second quarter. There's no clarity beyond that.Chipping away at profits is a $35,000 Model 3 that probably costs around $35,000 to make and market, given the planned axing of salespeople that add an estimated 6% to the total cost of a Tesla vehicle.To that end, it's not even clear a watered-down version of the EV and extreme cost-cutting will be enough. Goldman Sachs commented on the announcement "While we believe the introduction of the $35k Model 3 may be positive for overall program demand … we also think this will drive a downward mix impact for Model 3 margins."Goldman's stance echoed some notes from Bank of America's analysts, who commented "In our view, the result of what appears to be an earlier push of lower range/price Model 3s will likely be an increase in volume in the near term, rather than an increase in profits, as the cost structure for mass-market electric vehicles (specifically those priced around $35k) is not yet breakeven."When asked about it at the event, Musk refused to answer questions about the lower-cost Model 3's profit margins.The aggressive move into the low(er) end market may cost Tesla more than money though. Morgan Stanley explained, "We're concerned it's a sign of a brand that may be, at the margin, losing its halo of exclusivity."Most analysts were struggling to find the net-positive in the news. Bottom Line for Tesla StockIt's a tough pill for diehard fans of TSLA stock -- and everything it has done for the EV evolution -- to swallow. But, Thursday's strangely anticlimactic news is yet another layer of evidence that a game-changing idea alone inherently makes for a consistently profitable business. The fact that TSLA stock was lower to the tune of 6% on Friday in the wake of the highly anticipated news says investors are increasingly understanding that reality.And matters may get worse before they get better, if they get better at all. The new Polestar from Volvo (OTCMKTS:VLVLY) is yet another looming direct competitor to the Model 3 from a longer-established, higher profile manufacturer, pitting one against the other at least partially on price. * 7 Reasons Kraft Heinz Stock Is a Contrarian Buy And, for the record, while the Model 3 was the best-selling electric vehicle in the U.S. last year, neither the Model X nor the Model S were the second-best sellers. That honor belongs to the Prius Prime, from Toyota Motor (NYSE:TM), underscoring the idea that price and functionality rather than a logo are key drivers at the value end of the EV scale.It's a problem, simply because Tesla wasn't exactly built from the ground up and established as a brand name to fight a price war … a war that will only heat up by 2022, when Ford Motor (NYSE:F) says it will be manufacturing 40 different all-electric and hybrid vehicles.The last thing Tesla wants is to get into a price war with Ford and its peers. It's struggling just remain in the black right now with fighting a price war with no one in particular.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Reasons Kraft Heinz Stock Is a Contrarian Buy * 5 Housing Stocks to Buy for Renewed Homebuilder Confidence * 7 of the Best ETFs to Buy for a Rock-Solid Portfolio Compare Brokers The post Tesla Stock Is Falling Hard for a All the Right Reasons appeared first on InvestorPlace.