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Geely Holding Group might revive plans for an initial public offering of their Volvo Cars unit, which could be valued at around USD $20bn. Geely Holding bought Volvo Cars from Ford for $1.8bn in 2010; last year, Volvo sold more than 660,000 cars round the world. Automakers have been searching for ways to fund the…

Tesla Inc. delivered 184,800 cars worldwide in the first quarter of 2021, up from about 88,400 in the first three months of 2020. “We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity,” the electric vehicle maker said in a statement Friday. The new Model S…

Geely Auto have announced Zeekr Company Limited, a new Chinese electric mobility technology provider that will serve growing global demand for premium electric vehicles.The first Zeekr vehicles are expected to be delivered later this year, with a target to deliver a new EV model to market in each of the coming five years.Geely say the…

European new-car sales fell 20% in February, as coronavirus lockdowns and accompanying uncertainty across Europe took a toll on sales. Registrations in the EU, EFTA and UK markets were 850,000. The result was the worst February for car sales in eight years.Volvo and Smart were the only brands with volume gains, with Volvo sales up…

W. L. Gore & Associates’ Gore-Select® membrane has received Toyota’s prestigious Project Award in the Technology Section. Gore-Select was awarded for its innovative technology, which contributes to the performance and value of Toyota’s new Mirai premium fuel-cell electric vehicle introduced last December. Toyota’s first-generation Mirai revolutionized FCEVs when it launched in 2014. It incorporated Gore-Select membrane…

The results are in for J.D. Power’s 2021 U.S. Customer Service Index study. CSI rankings are based on dealer service performance during the first three years of new-vehicle ownership, which typically represents the majority of the vehicle warranty period. Porsche reclaimed the lead from last year’s luxury winner, Lexus, with an index score of 899…