Carmudi Philippines https://www.carmudi.com.ph/journal The Automotive Industry: Under the Hood Wed, 28 Jul 2021 06:26:33 +0000 en-US hourly 1 https://imgcdnblog.carmudi.com.ph/carmudi-ph/wp-content/uploads/2014/08/01132114/favicon-50x50.gif Carmudi Philippines https://www.carmudi.com.ph/journal/ 32 32 <![CDATA[The 765LT is McLaren's most powerful drop-top to date]]> https://www.carmudi.com.ph/journal/the-765lt-is-mclarens-most-powerful-drop-top-to-date/ With its four-liter twin-turbo V8 engine with 765hp and 800Nm of torque, and a zero-to-100kph time of 2.8 seconds, the 765LT Spider is the fastest convertible "longtail" (LT) model McLaren has ever made. 

The 765LT Spider mated its V8 to an automatic gearbox, which is said to have revised gear ratios for 15 percent quicker gear changes compared to its base car, the 720S Spider. More of the supercar's speedy credentials include a quarter-mile sprint of 10 seconds, and a top speed of 330kph. 

The 765LT Spider is likely to be sold out just as quickly, as McLaren said it plans to produce only 765 examples of the car. 

Following McLaren's lightweight ethos, the Spider's retractable hardtop roof and operating mechanism is said to only add 49 kilograms over the 765LT Coupe. While compared to the 720S Spider, the 765LT is about 80 kg lighter at 1,388 kg.

McLaren 765LT Spider

The weight savings also came from a titanium exhaust system which is 40 percent lighter over the steel equivalent, Formula 1-grade transmission materials, and thinner glass. 

The electrically operated hardtop is a one-piece carbon fiber panel that unfurls in just 11 seconds, and up to 50kph. McLaren said that because of the strength and stiffness of the structure, no additional bracing is required over the coupe. Carbon fiber supports at the supercar's rear aim to provide rollover protection.

McLaren 765LT Spider

With the roof open, the 765LT Spider's "motorsport-inspired"  interior with carbon fiber racing seats, center tunnel, floor, and lightweight Alcantara can be seen much better. The British auto marque said that the aircon and audio are not included as standard to save weight, but can be specified at no additional cost. 

McLaren 765LT Spider

With the roof in place, the powered rear window allows the noise from quad titanium exhaust system to filter into the cabin. All the glass is made thinner, too, to bring more sound in as well as to save kilograms. 

Sitting at the edge of the longtail is an active rear wing, which adjusts its own angle depending on the position of the roof. The 765LT Spider's wing is fashioned out of carbon fiber, like its front splitter and floor, side skirts, front and rear bumpers and rear diffuser. 

McLaren 765LT Spider

“We developed the 765LT Spider to be a car without compromise, every bit as exciting and rewarding to drive as the coupe, with all of the connection, closeness, and engagement, but with the added benefit of so much more of that amazing LT sound, even closer to the driver,“ McLaren Chief Engineer James Warner summed up thus. 

The Spider can be optioned with the Clubsport Pack, LT Black Pack, plus customization from McLaren Special Operations. 

Photos from McLaren

Also read:

McLaren delivers 'chameleon' 765LT to customer

Now, tots can get a McLaren GT, too

]]>
https://www.carmudi.com.ph Wed, 28 Jul 2021 00:00:00 +0000 With its four-liter twin-turbo V8 engine with 765hp and 800Nm of torque, and a zero-to-100kph time of 2.
<![CDATA[The 765LT is McLaren's most powerful drop-top to date]]> https://www.carmudi.com.ph/journal/the-765lt-is-mclarens-most-powerful-drop-top-to-date/ With its four-liter twin-turbo V8 engine with 765hp and 800Nm of torque, and a zero-to-100kph time of 2.8 seconds, the 765LT Spider is the fastest convertible "longtail" (LT) model McLaren has ever made. 

The 765LT Spider mated its V8 to an automatic gearbox, which is said to have revised gear ratios for 15 percent quicker gear changes compared to its base car, the 720S Spider. More of the supercar's speedy credentials include a quarter-mile sprint of 10 seconds, and a top speed of 330kph. 

The 765LT Spider is likely to be sold out just as quickly, as McLaren said it plans to produce only 765 examples of the car. 

Following McLaren's lightweight ethos, the Spider's retractable hardtop roof and operating mechanism is said to only add 49 kilograms over the 765LT Coupe. While compared to the 720S Spider, the 765LT is about 80 kg lighter at 1,388 kg.

McLaren 765LT Spider

The weight savings also came from a titanium exhaust system which is 40 percent lighter over the steel equivalent, Formula 1-grade transmission materials, and thinner glass. 

The electrically operated hardtop is a one-piece carbon fiber panel that unfurls in just 11 seconds, and up to 50kph. McLaren said that because of the strength and stiffness of the structure, no additional bracing is required over the coupe. Carbon fiber supports at the supercar's rear aim to provide rollover protection.

McLaren 765LT Spider

With the roof open, the 765LT Spider's "motorsport-inspired"  interior with carbon fiber racing seats, center tunnel, floor, and lightweight Alcantara can be seen much better. The British auto marque said that the aircon and audio are not included as standard to save weight, but can be specified at no additional cost. 

McLaren 765LT Spider

With the roof in place, the powered rear window allows the noise from quad titanium exhaust system to filter into the cabin. All the glass is made thinner, too, to bring more sound in as well as to save kilograms. 

Sitting at the edge of the longtail is an active rear wing, which adjusts its own angle depending on the position of the roof. The 765LT Spider's wing is fashioned out of carbon fiber, like its front splitter and floor, side skirts, front and rear bumpers and rear diffuser. 

McLaren 765LT Spider

“We developed the 765LT Spider to be a car without compromise, every bit as exciting and rewarding to drive as the coupe, with all of the connection, closeness, and engagement, but with the added benefit of so much more of that amazing LT sound, even closer to the driver,“ McLaren Chief Engineer James Warner summed up thus. 

The Spider can be optioned with the Clubsport Pack, LT Black Pack, plus customization from McLaren Special Operations. 

Photos from McLaren

Also read:

McLaren delivers 'chameleon' 765LT to customer

Now, tots can get a McLaren GT, too

]]>
https://www.carmudi.com.ph Wed, 28 Jul 2021 00:00:00 +0000 With its four-liter twin-turbo V8 engine with 765hp and 800Nm of torque, and a zero-to-100kph time of 2.
<![CDATA[The 765LT is McLaren's most powerful drop-top to date]]> https://www.carmudi.com.ph/journal/the-765lt-is-mclarens-most-powerful-drop-top-to-date/ With its four-liter twin-turbo V8 engine with 765hp and 800Nm of torque, and a zero-to-100kph time of 2.8 seconds, the 765LT Spider is the fastest convertible "longtail" (LT) model McLaren has ever made. 

The 765LT Spider mated its V8 to an automatic gearbox, which is said to have revised gear ratios for 15 percent quicker gear changes compared to its base car, the 720S Spider. More of the supercar's speedy credentials include a quarter-mile sprint of 10 seconds, and a top speed of 330kph. 

The 765LT Spider is likely to be sold out just as quickly, as McLaren said it plans to produce only 765 examples of the car. 

Following McLaren's lightweight ethos, the Spider's retractable hardtop roof and operating mechanism is said to only add 49 kilograms over the 765LT Coupe. While compared to the 720S Spider, the 765LT is about 80 kg lighter at 1,388 kg.

McLaren 765LT Spider

The weight savings also came from a titanium exhaust system which is 40 percent lighter over the steel equivalent, Formula 1-grade transmission materials, and thinner glass. 

The electrically operated hardtop is a one-piece carbon fiber panel that unfurls in just 11 seconds, and up to 50kph. McLaren said that because of the strength and stiffness of the structure, no additional bracing is required over the coupe. Carbon fiber supports at the supercar's rear aim to provide rollover protection.

McLaren 765LT Spider

With the roof open, the 765LT Spider's "motorsport-inspired"  interior with carbon fiber racing seats, center tunnel, floor, and lightweight Alcantara can be seen much better. The British auto marque said that the aircon and audio are not included as standard to save weight, but can be specified at no additional cost. 

McLaren 765LT Spider

With the roof in place, the powered rear window allows the noise from quad titanium exhaust system to filter into the cabin. All the glass is made thinner, too, to bring more sound in as well as to save kilograms. 

Sitting at the edge of the longtail is an active rear wing, which adjusts its own angle depending on the position of the roof. The 765LT Spider's wing is fashioned out of carbon fiber, like its front splitter and floor, side skirts, front and rear bumpers and rear diffuser. 

McLaren 765LT Spider

“We developed the 765LT Spider to be a car without compromise, every bit as exciting and rewarding to drive as the coupe, with all of the connection, closeness, and engagement, but with the added benefit of so much more of that amazing LT sound, even closer to the driver,“ McLaren Chief Engineer James Warner summed up thus. 

The Spider can be optioned with the Clubsport Pack, LT Black Pack, plus customization from McLaren Special Operations. 

Photos from McLaren

Also read:

McLaren delivers 'chameleon' 765LT to customer

Now, tots can get a McLaren GT, too

]]>
https://www.carmudi.com.ph Wed, 28 Jul 2021 00:00:00 +0000 With its four-liter twin-turbo V8 engine with 765hp and 800Nm of torque, and a zero-to-100kph time of 2.
<![CDATA[The 765LT is McLaren's most powerful drop-top to date]]> https://www.carmudi.com.ph/journal/the-765lt-is-mclarens-most-powerful-drop-top-to-date/ With its four-liter twin-turbo V8 engine with 765hp and 800Nm of torque, and a zero-to-100kph time of 2.8 seconds, the 765LT Spider is the fastest convertible "longtail" (LT) model McLaren has ever made. 

The 765LT Spider mated its V8 to an automatic gearbox, which is said to have revised gear ratios for 15 percent quicker gear changes compared to its base car, the 720S Spider. More of the supercar's speedy credentials include a quarter-mile sprint of 10 seconds, and a top speed of 330kph. 

The 765LT Spider is likely to be sold out just as quickly, as McLaren said it plans to produce only 765 examples of the car. 

Following McLaren's lightweight ethos, the Spider's retractable hardtop roof and operating mechanism is said to only add 49 kilograms over the 765LT Coupe. While compared to the 720S Spider, the 765LT is about 80 kg lighter at 1,388 kg.

McLaren 765LT Spider

The weight savings also came from a titanium exhaust system which is 40 percent lighter over the steel equivalent, Formula 1-grade transmission materials, and thinner glass. 

The electrically operated hardtop is a one-piece carbon fiber panel that unfurls in just 11 seconds, and up to 50kph. McLaren said that because of the strength and stiffness of the structure, no additional bracing is required over the coupe. Carbon fiber supports at the supercar's rear aim to provide rollover protection.

McLaren 765LT Spider

With the roof open, the 765LT Spider's "motorsport-inspired"  interior with carbon fiber racing seats, center tunnel, floor, and lightweight Alcantara can be seen much better. The British auto marque said that the aircon and audio are not included as standard to save weight, but can be specified at no additional cost. 

McLaren 765LT Spider

With the roof in place, the powered rear window allows the noise from quad titanium exhaust system to filter into the cabin. All the glass is made thinner, too, to bring more sound in as well as to save kilograms. 

Sitting at the edge of the longtail is an active rear wing, which adjusts its own angle depending on the position of the roof. The 765LT Spider's wing is fashioned out of carbon fiber, like its front splitter and floor, side skirts, front and rear bumpers and rear diffuser. 

McLaren 765LT Spider

“We developed the 765LT Spider to be a car without compromise, every bit as exciting and rewarding to drive as the coupe, with all of the connection, closeness, and engagement, but with the added benefit of so much more of that amazing LT sound, even closer to the driver,“ McLaren Chief Engineer James Warner summed up thus. 

The Spider can be optioned with the Clubsport Pack, LT Black Pack, plus customization from McLaren Special Operations. 

Photos from McLaren

Also read:

McLaren delivers 'chameleon' 765LT to customer

Now, tots can get a McLaren GT, too

]]>
https://www.carmudi.com.ph Wed, 28 Jul 2021 00:00:00 +0000 With its four-liter twin-turbo V8 engine with 765hp and 800Nm of torque, and a zero-to-100kph time of 2.
<![CDATA[GM expands fleet telematics solution to non-GM vehicles in the US]]> https://www.carmudi.com.ph/journal/gm-expands-fleet-telematics-solution-to-non-gm-vehicles-in-the-us/ General Motors (GM) announced recently that its exclusive fleet telematics solution, OnStar Vehicle Insights, can now be used with most non-GM vehicles via a plug-in adapter.

GM OnStar Vehicle Insights has helped companies manage their daily fleet operations. Nearly 3.5 million notifications and details of almost 16 million trips covering more than 246 million miles have been recorded since the introduction of GM’s fleet monitoring solutions.

The launch of the OnStar Vehicle Insights Fleet Adapter will allow fleet customers to utilize OnStar Vehicle Insights across their whole fleet, regardless of vehicle make or model year.

Developed by GM’s Global Innovation team, the OnStar Vehicle Insights Fleet Adapter can be plugged into the OBD-II port of non-GM vehicles, as well as GM vehicles built without OnStar hardware and model year 2014 or older GM models.

The adapter will help create a connection between the vehicle and the OnStar Vehicle Insights mobile app or website.

“Our goal is to help make fleet management as easy and efficient as possible for our current and future customers. We know many customers have mixed fleets, and we believe there is significant benefit in streamlining the process and monitoring a whole fleet using our singular platform,” said GM Fleet VP fo US Ed Peper.

Some of the features fleet operators can enjoy from the OnStar Vehicle Insights include a vehicle locator, vehicle health, driver behavior, performance insights, remote commands, and day trip summaries.

GM has also developed a new virtual coaching system which will be made available for the OnStar Vehicle Insights called the “in-vehicle coaching.” This feature allows real-time verbal cues to drivers such as seatbelt, acceleration, speeding, and braking alerts.

The automaker also announced OnStar Vehicle Insights' integration into the Ultium Charge 360 fleet charging service to help fleet customers with electric vehicles.

Both the OnStar Vehicle Insights and the OnStar Vehicle Insights Fleet Adapter are now available to GM customers in the US and Canada.

Photo from General Motors

Also read: 

Hyundai Malaysia offers Grand Starex with telematics services

Ford test runs new tech designed to predict traffic incidents

]]>
https://www.carmudi.com.ph Wed, 28 Jul 2021 00:00:00 +0000 General Motors (GM) announced recently that its exclusive fleet telematics solution, OnStar Vehicle Insights, can now be used with most non-GM vehicles via a plug-in adapter.
<![CDATA[GM expands fleet telematics solution to non-GM vehicles in the US]]> https://www.carmudi.com.ph/journal/gm-expands-fleet-telematics-solution-to-non-gm-vehicles-in-the-us/ General Motors (GM) announced recently that its exclusive fleet telematics solution, OnStar Vehicle Insights, can now be used with most non-GM vehicles via a plug-in adapter.

GM OnStar Vehicle Insights has helped companies manage their daily fleet operations. Nearly 3.5 million notifications and details of almost 16 million trips covering more than 246 million miles have been recorded since the introduction of GM’s fleet monitoring solutions.

The launch of the OnStar Vehicle Insights Fleet Adapter will allow fleet customers to utilize OnStar Vehicle Insights across their whole fleet, regardless of vehicle make or model year.

Developed by GM’s Global Innovation team, the OnStar Vehicle Insights Fleet Adapter can be plugged into the OBD-II port of non-GM vehicles, as well as GM vehicles built without OnStar hardware and model year 2014 or older GM models.

The adapter will help create a connection between the vehicle and the OnStar Vehicle Insights mobile app or website.

“Our goal is to help make fleet management as easy and efficient as possible for our current and future customers. We know many customers have mixed fleets, and we believe there is significant benefit in streamlining the process and monitoring a whole fleet using our singular platform,” said GM Fleet VP fo US Ed Peper.

Some of the features fleet operators can enjoy from the OnStar Vehicle Insights include a vehicle locator, vehicle health, driver behavior, performance insights, remote commands, and day trip summaries.

GM has also developed a new virtual coaching system which will be made available for the OnStar Vehicle Insights called the “in-vehicle coaching.” This feature allows real-time verbal cues to drivers such as seatbelt, acceleration, speeding, and braking alerts.

The automaker also announced OnStar Vehicle Insights' integration into the Ultium Charge 360 fleet charging service to help fleet customers with electric vehicles.

Both the OnStar Vehicle Insights and the OnStar Vehicle Insights Fleet Adapter are now available to GM customers in the US and Canada.

Photo from General Motors

Also read: 

Hyundai Malaysia offers Grand Starex with telematics services

Ford test runs new tech designed to predict traffic incidents

]]>
https://www.carmudi.com.ph Wed, 28 Jul 2021 00:00:00 +0000 General Motors (GM) announced recently that its exclusive fleet telematics solution, OnStar Vehicle Insights, can now be used with most non-GM vehicles via a plug-in adapter.
<![CDATA[GM expands fleet telematics solution to non-GM vehicles in the US]]> https://www.carmudi.com.ph/journal/gm-expands-fleet-telematics-solution-to-non-gm-vehicles-in-the-us/ General Motors (GM) announced recently that its exclusive fleet telematics solution, OnStar Vehicle Insights, can now be used with most non-GM vehicles via a plug-in adapter.

GM OnStar Vehicle Insights has helped companies manage their daily fleet operations. Nearly 3.5 million notifications and details of almost 16 million trips covering more than 246 million miles have been recorded since the introduction of GM’s fleet monitoring solutions.

The launch of the OnStar Vehicle Insights Fleet Adapter will allow fleet customers to utilize OnStar Vehicle Insights across their whole fleet, regardless of vehicle make or model year.

Developed by GM’s Global Innovation team, the OnStar Vehicle Insights Fleet Adapter can be plugged into the OBD-II port of non-GM vehicles, as well as GM vehicles built without OnStar hardware and model year 2014 or older GM models.

The adapter will help create a connection between the vehicle and the OnStar Vehicle Insights mobile app or website.

“Our goal is to help make fleet management as easy and efficient as possible for our current and future customers. We know many customers have mixed fleets, and we believe there is significant benefit in streamlining the process and monitoring a whole fleet using our singular platform,” said GM Fleet VP fo US Ed Peper.

Some of the features fleet operators can enjoy from the OnStar Vehicle Insights include a vehicle locator, vehicle health, driver behavior, performance insights, remote commands, and day trip summaries.

GM has also developed a new virtual coaching system which will be made available for the OnStar Vehicle Insights called the “in-vehicle coaching.” This feature allows real-time verbal cues to drivers such as seatbelt, acceleration, speeding, and braking alerts.

The automaker also announced OnStar Vehicle Insights' integration into the Ultium Charge 360 fleet charging service to help fleet customers with electric vehicles.

Both the OnStar Vehicle Insights and the OnStar Vehicle Insights Fleet Adapter are now available to GM customers in the US and Canada.

Photo from General Motors

Also read: 

Hyundai Malaysia offers Grand Starex with telematics services

Ford test runs new tech designed to predict traffic incidents

]]>
https://www.carmudi.com.ph Wed, 28 Jul 2021 00:00:00 +0000 General Motors (GM) announced recently that its exclusive fleet telematics solution, OnStar Vehicle Insights, can now be used with most non-GM vehicles via a plug-in adapter.
<![CDATA[GM expands fleet telematics solution to non-GM vehicles in the US]]> https://www.carmudi.com.ph/journal/gm-expands-fleet-telematics-solution-to-non-gm-vehicles-in-the-us/ General Motors (GM) announced recently that its exclusive fleet telematics solution, OnStar Vehicle Insights, can now be used with most non-GM vehicles via a plug-in adapter.

GM OnStar Vehicle Insights has helped companies manage their daily fleet operations. Nearly 3.5 million notifications and details of almost 16 million trips covering more than 246 million miles have been recorded since the introduction of GM’s fleet monitoring solutions.

The launch of the OnStar Vehicle Insights Fleet Adapter will allow fleet customers to utilize OnStar Vehicle Insights across their whole fleet, regardless of vehicle make or model year.

Developed by GM’s Global Innovation team, the OnStar Vehicle Insights Fleet Adapter can be plugged into the OBD-II port of non-GM vehicles, as well as GM vehicles built without OnStar hardware and model year 2014 or older GM models.

The adapter will help create a connection between the vehicle and the OnStar Vehicle Insights mobile app or website.

“Our goal is to help make fleet management as easy and efficient as possible for our current and future customers. We know many customers have mixed fleets, and we believe there is significant benefit in streamlining the process and monitoring a whole fleet using our singular platform,” said GM Fleet VP fo US Ed Peper.

Some of the features fleet operators can enjoy from the OnStar Vehicle Insights include a vehicle locator, vehicle health, driver behavior, performance insights, remote commands, and day trip summaries.

GM has also developed a new virtual coaching system which will be made available for the OnStar Vehicle Insights called the “in-vehicle coaching.” This feature allows real-time verbal cues to drivers such as seatbelt, acceleration, speeding, and braking alerts.

The automaker also announced OnStar Vehicle Insights' integration into the Ultium Charge 360 fleet charging service to help fleet customers with electric vehicles.

Both the OnStar Vehicle Insights and the OnStar Vehicle Insights Fleet Adapter are now available to GM customers in the US and Canada.

Photo from General Motors

Also read: 

Hyundai Malaysia offers Grand Starex with telematics services

Ford test runs new tech designed to predict traffic incidents

]]>
https://www.carmudi.com.ph Wed, 28 Jul 2021 00:00:00 +0000 General Motors (GM) announced recently that its exclusive fleet telematics solution, OnStar Vehicle Insights, can now be used with most non-GM vehicles via a plug-in adapter.
<![CDATA[GM expands fleet telematics solution to non-GM vehicles in the US]]> https://www.carmudi.com.ph/journal/gm-expands-fleet-telematics-solution-to-non-gm-vehicles-in-the-us/ General Motors (GM) announced recently that its exclusive fleet telematics solution, OnStar Vehicle Insights, can now be used with most non-GM vehicles via a plug-in adapter.

GM OnStar Vehicle Insights has helped companies manage their daily fleet operations. Nearly 3.5 million notifications and details of almost 16 million trips covering more than 246 million miles have been recorded since the introduction of GM’s fleet monitoring solutions.

The launch of the OnStar Vehicle Insights Fleet Adapter will allow fleet customers to utilize OnStar Vehicle Insights across their whole fleet, regardless of vehicle make or model year.

Developed by GM’s Global Innovation team, the OnStar Vehicle Insights Fleet Adapter can be plugged into the OBD-II port of non-GM vehicles, as well as GM vehicles built without OnStar hardware and model year 2014 or older GM models.

The adapter will help create a connection between the vehicle and the OnStar Vehicle Insights mobile app or website.

“Our goal is to help make fleet management as easy and efficient as possible for our current and future customers. We know many customers have mixed fleets, and we believe there is significant benefit in streamlining the process and monitoring a whole fleet using our singular platform,” said GM Fleet VP fo US Ed Peper.

Some of the features fleet operators can enjoy from the OnStar Vehicle Insights include a vehicle locator, vehicle health, driver behavior, performance insights, remote commands, and day trip summaries.

GM has also developed a new virtual coaching system which will be made available for the OnStar Vehicle Insights called the “in-vehicle coaching.” This feature allows real-time verbal cues to drivers such as seatbelt, acceleration, speeding, and braking alerts.

The automaker also announced OnStar Vehicle Insights' integration into the Ultium Charge 360 fleet charging service to help fleet customers with electric vehicles.

Both the OnStar Vehicle Insights and the OnStar Vehicle Insights Fleet Adapter are now available to GM customers in the US and Canada.

Photo from General Motors

Also read: 

Hyundai Malaysia offers Grand Starex with telematics services

Ford test runs new tech designed to predict traffic incidents

]]>
https://www.carmudi.com.ph Wed, 28 Jul 2021 00:00:00 +0000 General Motors (GM) announced recently that its exclusive fleet telematics solution, OnStar Vehicle Insights, can now be used with most non-GM vehicles via a plug-in adapter.
<![CDATA[Volvo turns in H1 report, reveals plans for electrification]]> https://www.carmudi.com.ph/journal/volvo-turns-in-h1-report-reveals-plans-for-electrification/ Despite the challenges of the ongoing global health crisis, Volvo Cars reported its best half-year results in terms of sales and operating profit based on a report revealed by the Swedish carmaker.

According to Volvo Cars, they achieved total revenue of 141 billion Swedish krona (SEK) based on the company’s financial reports. “Strong demand and positive mix effects” have driven the brand’s strong sales across all regions.

For the first half of 2021, Volvo Cars sold 166,822 vehicles in Europe, 95,252 in China, 63,754 in the States, with 54,929 more on other markets. Sales for the first six months of 2021 totaled 380,757; last year's sales for the same period was 269,962.

Volvo Cars saw sales rebound by 41 percent over 2020, and 12 percent compared to 2019. The 12-month rolling sales volume is approximately 775,000 cars, just shy of the 800,000-target set 10 years ago.

“The one word that summarizes Volvo Car’s performance over the last decade is "transformation." This theme also characterizes the first half of 2021. The company continued to grow strongly despite the industry-wide semiconductor shortage, but more importantly, we demonstrated that we are a leader in the ongoing transformation in the automotive industry,” said Volvo Cars CEO Håkan Samuelsson.

“Volvo is not alone in its desire to offer electric cars to customers in new ways. Our ambition is therefore not merely to transform, but that Volvo Cars should be the fastest transforming company in the sector. The company will be fully electric by 2030,” he adds.

volvo-cars-ceo

Volvo Cars’ electric vehicles and plug-in hybrid vehicles (PHEV) also saw significant growth, now making up 25 percent of the brand’s global sales volume. Among traditional carmakers, says Volvo, this is the highest electrification share as a proportion of total sales.

The automaker also reveals that it plans to join forces with Northvolt — a Swedish battery developer and manufacturer, specializing in lithium-ion technology for electric vehicles — to secure sustainable batteries for the company’s all-electric strategy.

Its internal combustion engine operations, on the other hand, will be carved out into a new unit — Aurobay. Here, Volvo Cars will work with Geely Holdings to secure a supply of competitive combustion engines for its hybrid powertrains until the company realizes its fully electric plan.

Volvo Cars also entered partnerships with other companies to further its electrification scheme.

“Zenseact, our autonomous drive software company, broadened its investor base. ECARX invested and is now holding a 15 percent ownership. Polestar, our strategic affiliate, conducted a successful private placement earlier this year and we have topped up our investment as our clear ambition is to remain as the main shareholder,” explained Samuelsson.

In May, the Board announced that it is evaluating a possible initial public offering (IPO) on Nasdaq Stockholm, to which Volvo’s boss commented “ an IPO would broaden our ownership base and improve access to international capital markets to help secure our transformation. The evaluation process continues.”

Photos from Volvo

Also read: 

Volvo Cars buys out Geely to take over Chinese operations

Volvo’s next-gen cars to feature LiDAR technology and AI-driven super computer

Volvo to accept pre-orders for C40 Recharge in Europe

]]>
https://www.carmudi.com.ph Wed, 28 Jul 2021 00:00:00 +0000 Despite the challenges of the ongoing global health crisis, Volvo Cars reported its best half-year results in terms of sales and operating profit based on a report revealed by the Swedish carmaker.