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Volvo

  • Classic Volvo P1800ES is reborn as a five-cylinder turbo restomod

    Life&Style

    Dutch company Autoforma has revealed a modified and modernised version of the classic Volvo P1800ES shooting brake. A new division of Niels van Roij Design, Autoforma has collaborated with fellow Netherlands-based firm Volvo Lotte to create the dramatic Norrsken restomod. Named after the Swedish word for the Aurora Borealis, the Norrsken is said to deliver [...]

    Breaking news update with a diverse group of professionals discussing global business trends in a modern conference room.
  • Uber, AA and Royal Mail urge Khan to scrap EV congestion charge plans

    Transport and infrastructure

    A host of businesses including Uber, the AA and Royal Mail have urged Sadiq Khan to re-think rolling back the exemption for electric vehicles in London’s congestion charge. Some 28 business and green groups published an open letter to the Mayor arguing that changing the discount would threaten London’s clean air ambitions, while prompting a [...]

    TfL is consulting on a 20 per cent hike to to the congestion charge that will also end the 100 per cent discount for EV drivers.
  • Volvo issues warning despite record UK sales

    Business

    Volvo has issued a warning despite its UK sales surging to more than £2bn and its profit almost quadrupling in 2024. The division of the Swedish car-making giant, which is headquartered in Berkshire, has reported a revenue of £2.3bn for its latest financial year, up from the £1.7bn it achieved in 2023. New accounts filed [...]

    Volvo has reported a huge spike in sales and profit in the UK. (Photo by Brandon Bell/Getty Images)
  • Polestar takes advantage of Tesla sales slump

    April 10, 2025

    Polestar is benefitting from Tesla’s well-publicised slump as it revealed a huge growth in global sales for the first three months of 2025. The Swedish company, which is listed on the US Nasdaq, has sold an estimated 12,304 cars since the turn of the year, 76 per cent up compared to the same period in [...]

  • Labour to soften 2030 petrol car ban by extending hybrid sales deadline

    September 15, 2024

    Labour is planning to allow hybrid vehicles to be sold until 2035 amid concern over a slowdown in EV sales.

  • Volvo insists ‘future is electric’ despite ditching 2030 EV-only target

    September 4, 2024

    Volvo said it would now look for 90 to 100 per cent of its total sales to be either fully electric or plug-in hybrid by the end of the decade.

  • Volvo: Record-breaking year for car maker as UK sales near £2bn

    August 7, 2024

    Volvo's UK sales jumped closer to the £2bn mark after another record-breaking year, it has been revealed in newly filed accounts.

  • Safety first as Volvo’s EV UK sales accelerate, but shares still take a hit

    February 3, 2023

    The UK remains a key market for automaker Volvo, along with Italy and Belgium where its models shifted faster than anywhere else. The Swedish carmaker, which is majority owned by China’s Zhejiang Geely Holding Group, said its global sales were up two per cent last month to 48,520, from the same period last year but [...]

  • Local authorities sue European truck makers over price-fixing scheme

    December 31, 2021

    More than 100 UK local authorities are taking European truck manufacturers such as Volvo and Daimler to court over a price-fixing scheme. Basildon’s and North Tyneside’s councils as well as 22 fire and rescue services are seeking £450m worth of damages five years after the European Commission ruled that Volvo, Daimler, Iveco, DAF and MAN [...]

  • Volvo predicts chip shortages to continue as profits go down

    November 30, 2021

    Swedish car maker Volvo has predicted the ongoing semiconductor chip shortages will extend into the new year, impacting the supply chain. Since its listing in the Stockholm stock exchange at the end of October, the group has reported a slump in profit and revenue, going down from 4.6bn Swedish crowns (£380.8m) to 3.3bn (£273.2m) year [...]

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