Geely: All options on the table on Volvo AB stake

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“Anything is possible in the future,” Oscarsson said. “For the time being we have no intention to change our position in the company.” He didn’t exclude Geely taking a more active ownership role such as requesting a board seat or joining the nominee committee. Geely, which owns a web of automotive interests in Europe, controls 8.2 percent of Volvo’s share capital and 16 percent of votes. Swedish investment company Industrivarden AB is the biggest stakeholder with 27.8 percent of votes. Geely bought the stake in Volvo in 2018 from activist investor Cevian Capital AB and has viewed the holding then…
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Why Are HUMMER EVs So Hard To Find?

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With the first four months of 2023 behind us, automakers like General Motors have announced their Q1 2023 sales figures. For GMs, there’s a lot of good news. Sales for Chevrolet, Cadillac, Buick, and GMC are all up. As a whole, GM’s first-quarter sales in the US were up 17.6% compared to last year. Get past the good news you’ll notice something strange with the figures. GMC reported that it only delivered two Hummer EV Pickup trucks.TFLtruck first spotted the odds earlier this month. It might seem like an April Fool’s joke, but automakers rarely kid around when it…
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Best Used SUVs, Sedans & Small Cars

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Midsized and Large CarsMazda6 2017-2018The 6 is one of the sportiest midsized sedans. Its quick steering contributes to its agility, and we got a class-leading 32 mpg overall from the 2017 model we tested. Other Good Choices2015-2017 Honda Accords2015 Honda Accord HybridSubaru Legacy 2016-2017Toyota Avalon 2014-2016Toyota Avalon Hybrid 2013-2014Toyota Camry 2015-2017Toyota Camry Hybrid 2015-2016 Luxury Cars2015-2016 Acura TLXLexus ES 2013-2015The TLX had a quiet cabin, came nicely equipped, and was available with a manual gearbox in V6 models. We got 27 mpg overall with the four-cylinder. The Lexus ES is a luxury version of the Toyota Camry. It’s comfortable and…
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Georges NB Auto Repair Connects With Facebook Community

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PRESS RELEASE Published March 24, 2023Fairfax, VA based Georges NB Auto Repair would like to invite social media users to connect with their Facebook page. The company is family owned-and-operated and provides quality service and repairs at a fair price. Find them here: We Are On Facebook. While the company can be reached via other means, such as phone or email, social media remains one of the most convenient ways to get in touch. Quick questions can be directed to the company here, and customers can learn more about their overall services as well.For example, they may discover…
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Are You More Likely To Crack Your Windshield in Arizona?

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Arizona is known for its sunshine and heat. As a result, many vehicles succumb to the extreme temperatures with auto glass damage. In fact, drivers in Arizona are more likely than drivers in any other state to need their windshield repaired. Why does Arizona fall into first place when it comes to windshield damage? Read on to find out why and how you can minimize the impact. Four Reasons Why AZ Windshields Crack 1.The 101 This highway is known for construction and is responsible for many broken windshields in Arizona. During construction, all sorts of debris flies from the road,…
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Hoping for a deal on a new pickup truck? Inventory is piling up, and discounts could make a comeback.

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An old, unwritten rule of car sales tells dealers and factories to work together to keep about a 60-day supply of each new vehicle on hand for sale, with another 15 days on order or in transit. That, the pragmatism says, means that dealers have the most color and feature combinations a buyer could want in easy reach. But they won’t have so many that they’ll need to discount them to sell them. Ram currently has more than a 100-day supply of Ram 1500 full-size trucks on hand.Ford F, -0.80% has more than a 90-day supply of its F-150…
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Ford sales rise 10% in the first quarter as inventory improves

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Ford Motor Co.’s US light-vehicle sales rose 9.9 percent in the first quarter, driven by increasing supplies and strong demand for new products. Sales by the Ford brand jumped 10 percent, making it the bestselling US brand in January through March. Lincoln sales fell 1.1 percent on fewer deliveries of the Corsair compact crossover. In March alone, the company’s sales rose 7.5 percent, with an 8.2 percent gain for the Ford brand and a 6.9 percent decline for Lincoln, according to the Automotive News Research & Data Center. Ford’s electric vehicle sales in the first quarter rose 41 percent from…
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Nikola battles for scarce funding as it launches its first truck

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Like every other startup, Nikola is in search of funds to continue its mission to deliver zero-pollution cargo-moving trucks. Last week, it floated a $100 million stock offering that underwhelmed Wall Street. The company’s cash is being spent in three major areas: building trucks, creating a network of hydrogen fueling stations and developing software for autonomous driving. Any one of those pursuits would be a huge project for a startup. Perfecting all three seems like a moonshot. But Lohscheller has been able to sign up partners to help defray some of the costs. And thanks to the Inflation Reduction Act,…
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