Polestar reports increased losses for the 2023 fiscal year as the company faces renewed questions about its long-term future amid struggles with cash burn and slumping EV demand.
Volvo
New Tariffs Force Volvo to Delay U.S. Launch of Chinese-Made EX30 EV
Volvo has “delayed” the U.S. launch of the EX30 battery-electric vehicle due to new tariffs on Chinese-made EVs announced in May by the Biden administration. That delay appears likely to last until at least sometime in 2025 when the automaker plans to begin production of the EX30 at a second plant in Ghent, Belgium.
Volvo Recalling All EX30 EVs to Repair Software Glitch
Volvo is recalling nearly 72,000 EX30 SUVs because of a software problem that can glitch the EV’s speedometer. It’s the second software problem that has plagued the new battery-electric vehicle. But motorists may not even know there’s a problem unless they read the mandatory recall notice sent under federal guidelines.
Volvo’s EX90 Flagship EV Finally Enters Production After Two Year Delay
Volvo’s EX90 flagship finally begins mass production after a two-year delay. Model will spearhead massive EX product blitz.
Koreans, Electrified Vehicles Dominate World Car Awards
The Kia EV9 was named World Car of the Year during a ceremony at the New York International Auto Show on Wednesday, with Korean vehicles winning three of the six awards handed out by a panel of journalists from around the world. The annual event had more than a few surprises.
President Biden Orders Probe of Foreign Connected Vehicles
Citing Chinese automobiles and trucks with internet connectivity as a possible national security threat, President Biden directed the Commerce Department to launch an inquiry into foreign software in automobiles. Get details at Headlight.News.
Volvo Announces New EX40 & EC40 Nameplates, Confirms Other Updates
Volvo renames XC40 and C40 Recharge models EX40 and EC40 to help them fall in line with the rest of the EX lineup and also gives ICE-powered models separate updates as the company prepares to expand its presence in the green vehicle market while also giving the firm time to hone the bigger EX90 and EX30 model. Check out the story at Headlight.News.
Chevrolet Announces Range, Delivery Dates for Equinox EV – But Pricing Misses Original $30,000 Target
Chevrolet is rapidly ramping up its battery-electric vehicle lineup, with a mix of products soon to include the Chevy Equinox EV. With deliveries slated to begin “in coming months,” the bowtie brand has released range and other information about the all-electric compact crossover. But the Equinox EV won’t be as affordable as had originally been signaled. Get the details at Headlight.News.
A Week With: 2024 Volvo V60 Cross Country B5 AWD
Volvo’s long been known for its wagons, and the latest V60 Cross Country conjures up memories of wagons past. Check out our review at Headlight.News.
Volvo Cuts Off Funding for Polestar
Struggling Polestar faces some serious financial challenges now that Volvo, its Swedish parent, plans to cut off funding for the battery-electric startup. It’s the latest sign of retrenchment by the auto industry as the rapid growth of EV sales has started to flatten out. Volvo itself continues to move forward with plans to become an all-electric brand by decade’s end. Investors applauded the move — and Volvo’s stronger than expected earnings.
Ford EV Owners Getting Free Tesla Supercharger Adapters
Ford was the first automaker to tie up with Tesla, announcing plans to switch to the NACS plug letting owners of products like the Mustang Mach-E and F-150 Lightning use the big Tesla Supercharger network. Ford CEO Jim Farley on Wednesday announced “eligible” owners...
Detroit Auto Show Moving Back to January
The North American International Auto Show is returning to January, reversing an effort to build attendance by moving the annual event to a summer schedule. Like other auto shows in the U.S. and Europe, the Detroit Auto Show has suffered from declining interest by both the public and the automakers who once saw it as a must-attend event.