Fri, Jul. 15, 8:07 AM
- Volvo (OTCPK:GELYF) car registrations +10.2% to 29,516 units in June, according to the European Automobile Manufacturers Association.
- Overall EU registrations +6.9% Y/Y to 1,459,508 units in June, led by double-digit gains in Italy and Spain. Registrations were up 8% in Germany, while falling slightly in the U.K.
- Volvo market share: 2.0% vs. 1.9% a year ago.
- Volvo YTD registrations +10.7%.
- EAMA release (.pdf)
Tue, Jul. 5, 3:53 PM
Fri, Jun. 17, 9:30 AM
- Volvo (OTCPK:GELYF) remains committed to reaching 100K in annual sales in the U.S.
- The Swedish brand has increased sales by 20% so far this year to put it on a pace to hit 84K in sales.
- The XC90 and XC60 models have quietly gained market share for Volvo in the closely-watched CUV segment.
- Volvo U.S. sales breakdown
Thu, Jun. 16, 8:16 AM
- Volvo (OTCPK:GELYF) car registrations +10.8% to 23,904 units in May, according to the European Automobile Manufacturers Association.
- Overall EU registrations +16% Y/Y to 1,288,220 units in May, led by +20% gains in Italy, France, and Spain. Registrations were up 12% in Germany and 3% in the U.K.
- Volvo market share: 1.8% vs. 1.9% a year ago.
- Volvo YTD registrations +10.8%.
- EAMA release (.pdf)
Tue, Jun. 14, 1:51 PM
- EV truck maker Nikola Motors has taken a page out of the Tesla playbook by releasing pre-order information and scheduling an unveiling event for later in the year.
- The startup has taken down 7K reservations with deposits for the Nikola One electric truck. The reservations total $2.3B worth of orders. The Nikola One is promised to have 2,000-horsepower, 1,200 miles of range, and a 320-kWh battery.
- The class 8 semi-truck is due to be unveiled by the company at an event on December 2.
- "Our technology is 10-15 years ahead of any other OEM in fuel efficiencies, MPG and emissions. Weare the onlyOEM to have a near zeroemission truck and stilloutperform diesel truck runningat 80,000 pounds," says CEO Trevor Milton.
- "We believe wewill pass the current market leaderslike Daimler, PACCAR, Volvo andNavistar in sales orderswithin the next12-24 months," adds the exec.
- Related stocks: NAV, PCAR, OTCPK:GELYF, OTCPK:DDAIF, OTCPK:VOLVY, OTCPK:VOLVF.
Mon, Jun. 13, 6:39 PM
- Deliveries in China rose 11% Y/Y in May to 1.79M units, according to the China Association of Automobile Manufacturers. Total deliveries including commercial vehicles were up 10% to around 2M units.
- SUV demand was strong again, with deliveries up 36% during the month to 627K units.
- Dealer inventory fell to an average of 1.54 months from 1.55, but still stands above the 1.50 mark which is considered the beginning of a high level of inventory.
- The May tally is considered significant coming on the heels of the Beijing Auto Show in April when some new models were introduced.
- Previous on China May auto sales: Ford, GM, Mercedes-Benz.
- Related automaker stocks: OTC:CQCAF, OTCPK:GWLLF, OTCPK:GWLLY, OTCPK:GELYF, OTCPK:GELYY, OTCPK:BYDDY, OTCPK:BYDDF, KNDI, OTCPK:DNFGY, OTCPK:DNFGF, OTCPK:DDAIF, OTCPK:VLKAY, OTCPK:BAMXY.
Wed, May 18, 3:27 PM
- Volvo (OTCPK:GELYF) unveiled two new concept cars today as part of its electrification push toward pure EVs and hybrids.
- The automaker's 40 series is slated to go into production next year.
- Early reviews are positive on the new compacts from Volvo, with SlashGear calling the compact Volvos "striking" and Tech Insider pointing to the "stunning" look.
Tue, May 17, 8:20 AM
- Volvo (OTCPK:GELYF) car registrations +9.1% to 24,931 units in April, according to the European Automobile Manufacturers Association.
- Overall EU registrations +9.1% Y/Y to 1,273,733 units in April, driven higher by double-digit growth in Italy and Spain. Registrations were up 8% in Germany and 7% in France.
- Volvo market share: 1.9% vs. 1.9% a year ago.
- Volvo YTD registrations +11.1%.
- EAMA release (.pdf)
Tue, May 10, 7:30 AM
- Automobile sales in China rose 6.4% to 1.72M units in April, according to the China Passenger Car Association.
- Sales of SUVs were up 36% during the month to help make up for a drop in passenger car sales.
- Dealers offered discounts of 18% to help clear inventory, according to an estimate from Bank of America Merrill Lynch.
- YTD deliveries in China are up 6.7% to 7.36M units.
- Related automaker stocks: OTC:CQCAF, OTCPK:GWLLF, OTCPK:GWLLY, OTCPK:GELYF, OTCPK:GELYY, OTCPK:BYDDY, OTCPK:BYDDF, KNDI, OTCPK:DNFGY, OTCPK:DNFGF, OTCPK:DDAIF, OTCPK:VLKAY, OTCPK:BAMXY, GM.
Tue, May 3, 1:06 PM
Tue, Apr. 26, 8:24 AM
- A mix of tech and automobile companies are collaborating on a self-driving car initiative with a political goal.
- The coalition includes Ford (NYSE:F), Volvo (OTCPK:GELYF), Uber (Private:UBER), Lyft (Private:LYFT), and Alphabet (GOOG, [[GOOGLE]]).
- The group will push the U.S. government to develop a set of standards for self-driving cars to help the burgeoning technology.
- Now read Toyota: The Cradle Of Innovation In The Automotive Industry
Sat, Apr. 23, 9:54 AM
- Automobile industry heavyweights are gathered in Beijing ahead of next week's major auto show. Many of the side interviews with exec are as revealing as the model reveals.
- Ford (NYSE:F) CEO Mark Fields is on the scene. He has already tipped to reporters that the automaker isn't interested in a merger with Fiat Chrysler Automobiles (NYSE:FCAU). Last week, Fiat CEO Sergio Marchionne teed up Toyota (NYSE:TM), Volkswagen (OTCPK:VLKAY), and the Blue Oval as the only remaining potential merger partners left in the industry.
- This year's event takes on added significance with local manufacturers increasing market share in China. During Q1, the top five selling models in the high-margin SUV category were all made by Chinese companies.
- Automobile sales are expected to rise 7% in China this year, aided by a tax break on purchases. Some analysts think that demand will fall flat next year.
- Another key topic will be the supply chain disruption due to the earthquakes in Japan. Most of the majors have been affected by the natural disaster.
- Models being showcased next week at the Beijing Auto Show include the Acura CDX, Audi TT RS, Chevrolet FV2030, Jaguar XFL, and the all-electric LeEco.
- The LeEco is made by the Chinese parent company of EV player Faraday Futures. Though there's plenty of room in the China EV market for LeEco, Tesla Motors, and others - a Bloomberg report this week indicated that EV sales numbers out of China can't be trusted.
- Related automaker stocks: OTC:CQCAF, OTCPK:GWLLF, OTCPK:GWLLY, OTCPK:GELYF, OTCPK:GELYY, OTCPK:BYDDY, OTCPK:BYDDF, KNDI, OTCPK:DNFGY, OTCPK:DNFGF, OTCPK:DDAIF, OTCPK:VLKAY, OTCPK:BAMXY, GM, TTM.
- Now read The First Trust Nasdaq Global Auto Index ETF: Road To Success?
Mon, Apr. 18, 9:24 AM
- Kandi Technologies (NASDAQ:KNDI) announces two of the EV models produced by its joint venture will receive tax exemption approval in China.
- The Geely Global Hawk brand electric vehicles model SMA7001BEV25 and SMA7000BEV05 landed the distinction.
- The company expects EV sales to accelerate this year after a slow start due in part to trademark rulings delays.
- Kandi partners with Geely Automotive (OTCPK:GELYF, OTCPK:GELYY) in the 50-50 JV.
- Now read Electric Vehicle Maker Set To Accelerate: Kandi Technologies
Fri, Apr. 15, 7:56 AM
- Volvo (OTCPK:GELYF) car registrations +11.2% to 30,862 units in March, according to the European Automobile Manufacturers Association.
- Overall EU registrations +6.0 Y/Y to 1,700,683 units in March, led by strong growth in Italy and France. Registrations in Germany were down slightly.
- Volvo market share: 1.8% vs. 1.7% a year ago.
- Volvo YTD registrations +12.2%.
- EAMA release (.pdf)
Tue, Apr. 5, 7:43 AM
- Volvo Car Group announces sales growth of 9% in Q1 to 120,591 vehicles.
- The automaker ended the quarter strong with a gain of 11.5% in March, led by strong demand for the XC60.
- Q1 sales by region: China +13.4% to 19,636 units; U.S. +19.2% to 16,361 units; Sweden +13.9% to 16,047 units; Western Europe +13.3% to 49,286 units.
- Volvo is a subsidiary of Geely Automotive Holdings (OTCPK:GELYF).
- Now read Volvo Gamble Pays Dividends For China's Geely
Wed, Mar. 16, 7:47 AM
- Volvo (OTCPK:GELYF) car registrations +21.1% to 20,580 units in February, according to the European Automobile Manufacturers Association.
- Overall EU registrations +14.3 Y/Y to 1,056,902 units in February, led by double-digit growth in Italy and Spain. Registrations in Germany were up 7.8%.
- Volvo market share: 1.9% vs. 1.8% a year ago.
- Volvo YTD registrations +12.3%.
- EAMA release (.pdf)
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Industry: Diversified Investments
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