Geely

While on the way to selling 373,525 cars globally in 2010, then-Volvo CEO Stefan Jacoby said he believed the brand could double volume to 800,000 units by 2020. Having sold 340,826 Volvos around the world in the first half of 2019, current CEO Hakkan Samuelss…

Volvo is recalling almost 70,000 vehicles in the UK after discovering a fault that can cause the engine to catch fire. The Swedish car manufacturer said it is contacting all affected customers after issuing a warning notice on Monday saying that more than 50…

Theres a mid-engine Corvette out in the world now, but that doesnt mean the rest of the auto industry has stopped working. Theres a lot of development in China and more in The Morning Shift for Friday, July 19, 2019. 1st Gear: Toyota Partners with Chinese No…

Volvo is planning on reducing fixed costs by 2 billion Swedish kronor. That sounds like a lot, but it’s only about $214 million. While not the largest restructuring plan currently being conducted within the automotive industry, it’s a significant chunk of ch…

The first car to be unveiled by the British automobile-maker since it got acquired by China-based Geely, the Evija is reassurance that all is well at Lotus. Pronounced E-vee-ya, the car comes with a stunning spec sheet, price tag, and a design to match. The c…

Lotus has finally revealed its new halo vehicle, the Evija, claiming it will become “the world’s most powerful production car.” However, due to the Evija’s extremely limited availability and 1.7 million-pound ($2.1 million) price, there’s a lot undercutting …

Lotus on Tuesday unveiled an electric hypercar called the Evija, a 1,973-horsepower beast developed with Williams Advanced Engineering and on track for delivery in 2020. Just 130 examples will be built, but Lotus will soon follow it up with more EVs. In fact…

Asian markets slipped in early trading Wednesday as trade tensions between the U.S. and China rose to the forefront again. Following reports Monday that trade negotiations could resume soon, President Donald Trump threw water on investors optimism Tuesday, s…

Internally known as the Type 130, the new Lotus Evija combines several firsts for the British company into one wild shape. First of all, its the companys first in-house all-electric car the Lotus chassis provided to the likes of Tesla for the first Roadster d…

LONDON (Reuters) - British sports car maker Lotus revealed its pure electric “hypercar” on Tuesday, the first completely new vehicle to be launched under the stewardship of Chinese firm Geely which acquired a majority stake in 2017. The Evija, to be produce…