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Volvo profits soar
- July 20, 2017
- Posted by: Alan Feldberg
- Category: Industry News
Volvo Cars has reported strong growth in operating profit of SEK6.8bn in the first half of 2017, compared with SEK5.6bn for the same period last year, after taking market share across Europe and experiencing a robust sales increase in China. Revenues rose to SEK99.1bn from SEK84.2bn in the first six months of 2016, while the [...] -
Autonomous future within a decade
- July 19, 2017
- Posted by: Alan Feldberg
- Category: Industry News
Tesla founder Elon Musk believes almost all new cars will be autonomous within a decade. Speaking at the summer meeting of the National Governance Association, he said, ‘It will be rare for a car to be produced in 10 years’ time that is not autonomous.’ His comments support initiatives from the government to turn the [...] -
Service King growth continues unabated
- July 18, 2017
- Posted by: Alan Feldberg
- Category: Industry News
Service King Collision Repair Centers has announced further growth throughout the state Colorado. The announcement comes as the company finalised a deal to partner with Hamlin’s Auto Body and its two local repair centers, which will begin operating as Service King effective immediately. ‘This is another strategic and proud step forward for Service King as [...] -
EVs only by 2035?
- July 14, 2017
- Posted by: Alan Feldberg
- Category: Industry News
It’s been predicted that all new cars sold in Europe will be electric by 2035. A Dutch bank, ING, believes economies of scale will drive down battery costs, leading to the wide uptake. Its prediction is more aggressive than many others, with the UK’s National Grid saying it expects 90% of new cars to be [...] -
British Grand Prix future in doubt
- July 12, 2017
- Posted by: Alan Feldberg
- Category: Industry News
The owners of the Silverstone circuit have activated the break clause on their contract to host the British Grand Prix and will now only hold the race until 2019. This means the Formula One circuit is not likely include a British race on the calendar after that, as no other circuits in the UK hold [...]