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Geely Automobile Holdings' profits more than doubled in 2017, driven by strong domestic sales of popular SUVs.
The first fatality involving a fully autonomous vehicle is shaping up as the first significant test of how policymakers and the public will respond to self-driving technology.
Matthew Haiken, chairman of the Volvo Retail Advisory Board, says Volvo Cars' rising tide should lift all boats, especially those of its U.S. dealers.
The fatal accident involving an Uber self-driving vehicle is the most significant involving autonomous-driving technology since a Tesla driver's death touched off months of finger-pointing.
Volvo and Autoliv's self-driving partnership is stepping up plans to dominate autonomous systems with talks to win customers other than the Swedish automaker's Chinese parent Zhejiang Geely.
Volvo's new subscription service and its plans for its Lynk & CO brand to sell vehicles directly to consumers have stirred unrest among the Swedish automaker's approximately 300 U.S. dealers.
Last summer, after Automotive News reported that Fiat Chrysler Automobiles had a Chinese suitor, FCA said it had had no contact with Zhejiang Geely Holding Group Co.
Satisfying its first customers will be crucial for the new Volvo electrified performance brand, Polestar.
Despite falling sedan sales, Volvo hopes to boost S60 sales by 5,000 cars a year with redesigned model.
Geely Chairman Li Shufu last month became Daimler's top shareholder, a move he says is driven more by the cachet of Germany's storied auto brand. He speaks here about the $8.6 billion investment.
Executives at Daimler and Volvo question the viability and industrial logic of a plan by their major shareholder, China's Geely, to form an auto industry alliance to counter "tech invaders."
Daimler CEO Dieter Zetsche on Tuesday welcomed Geely Chairman Li Shufu as a new shareholder and said any industrial alliance will depend on whether current China partner BAIC agrees.
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