Swedish automaker Volvo and its Chinese parent company Geely Group have plans underway to set up a new independent company, for merging their efforts in developing and producing internal combustion

In a recent announcement, Polestar -- the electric car subsidiary of Volvo and Geely -- has revealed the final list prices for its Polestar 2 electric car in the European markets where the vehicle

In a recent announcement, Volkswagen Group (VW)’s commercial vehicle subsidiary Traton has revealed that it will make a EUR 1 billion investment in e-mobility by the year 2025.

For the ‘EVolution Road’ research project in Sweden, a Solaris Trollino trolleybus -- manufactured by Poland-based bus and coach maker Solaris -- will be test driven on a special electric-vehicle (

Swedish automaker Volvo has confirmed the specifications and pricing of the new, forthcoming model in its XC line-up -- the XC40 T5 plug-in hybrid SUV -- for the UK market.

Stockholm - Swedish telecommunications giant Ericsson on Thursday posted an increase in first-quarter 2009 sales - but net income fell dropped dramatically due to losses attributed to its joint venture Sony Ericsson.

Pre-tax income in the quarter totalled 3.3 billion kronor (400 million dollars), a 25 per cent decline year-on-year but better than analysts had predicted.

Net income - after losses and restructuring charges - dropped 30 per cent to 1.8 billion kronor while sales increased 12 per cent to 49.6 billion kronor, Ericsson said.