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Volvo unveils small car strategy
- May 19, 2016
- Posted by: Simon Wait
- Category: Industry News
Volvo Cars has unveiled two new concept cars that move the Swedish brand in an audacious new direction and mark the official launch of its global small-car strategy. The newly revealed 40 series concept models demonstrate for the first time how Volvo plans to expand into the large and lucrative global market for premium small [...] -
Moscow wins international transport award
- May 19, 2016
- Posted by: Simon Wait
- Category: Industry News
The city of Moscow has been awarded the 2016 Transport Achievement Award for its exemplary approach to improving traffic conditions in the Russian capital. Following twenty years of almost uncontrolled development of urban traffic, the city of Moscow introduced a rigorous and comprehensive set of policies to address the gridlock on its streets. Over the [...] -
VW to face wealth fund action
- May 16, 2016
- Posted by: Simon Wait
- Category: Industry News
Norway’s $850bn sovereign wealth fund, the world’s largest, plans legal action against Volkswagen over the vehicle manufacturer’s emissions scandal. Norges Bank Investment Management, is one of VW’s biggest investors and has stakes in more than 9,000 companies. It said it had been advised by its lawyers that the company’s conduct ‘gives rise to legal claims [...] -
Nissan under South Korean spotlight
- May 16, 2016
- Posted by: Simon Wait
- Category: Industry News
South Korea’s government has accused Nissan of manipulating emissions tests for its Qashqai model – an allegation Nissan denies. The exchange follows a probe of 20 diesel car models by the environment ministry in which it claims so-called ‘defeat devices’ had been fitted to the Qashqai. The ministry said it would fine the Japanese car [...] -
Apple invests in car hailing
- May 16, 2016
- Posted by: Simon Wait
- Category: Industry News
The BBC reports that Apple has invested $1bn (£693m) in Didi Chuxing, the car-hailing app that has a greater marketshare than US rival Uber in China. Didi Chuxing provide more than 11 million rides a day and claimed to have 87% of the Chinese marketshare. The company is also backed by Chinese internet giants Tencent [...]