Owning a car means you have to wash it, take it in for needed maintenance, and of course fill it with gas if you want to actually go anywhere. But those pesky chores no longer have to be part of the equation if you own a Volvo. [More]
Another day, another major auto manufacturer announcing plans for a self-driving vehicle: this time it’s Volvo, which says it will offer a fully autonomous car to luxury buyers in five years. [More]
The ride-sharing experience of the future is coming to Pittsburgh this month, when Uber will launch a fleet of autonomous cars — custom Volvo XC90s — that come with a human being to supervise in the driver’s seat. [More]
Many of the most common household brand names in America are not American companies, and that’s been true for decades. When it comes to technological innovation especially — from cars to phones and every appliance in between — we’ve become used to huge numbers of goods coming from countries in Asia.
Volvo is making moves in the world of autonomous vehicles, with a newly announced plan to experiment with driverless technology in China using real people as test drivers. [More]
Another auto parts maker has kicked off a massive recall thanks to potentially defective airbags. This time, it’s Continental Automotive Systems, which has alerted federal regulators that some 5 million vehicles produced by a half-dozen car companies may contain airbags that could deploy inadvertently or fail to deploy in a crash.
So many of the everyday items that we use are now made in China, from our underpants to our computer monitors, but one thing that companies hadn’t yet exported from China to the United States were cars. Yet. A Chinese automaker is entering the U.S. car market, but as an existing familiar brand. Volvo will export 1,500 Inscription sedans made in China. [More]
When we last heard of a Irv Gordon of Long Island, N.Y. and his 1966 Volvo P1800S last summer, he was on the road toward setting a Guinness Book of World Records for the most miles by a single driver in one vehicle. We’d now like to congratulate him on hitting the three million mile mark and nabbing that record last week [pause for applause]. [More]
Forget those million milers flying around in airplanes, sitting back and letting the pilots do all the work — we’re pretty amazed that one man has had the time and desire to drive not one million, not just two million, but almost three million miles in the last 46 years in a single car. He and his trusty 1966 Volvo are only 34,000 miles from crossing the three-million mile threshold together. That’s a lot of road trips.
If you bought or leased a new car in the Toyota family from Jan 1, 2001 to April 30, 2003, you could get some cash in a new class action lawsuit. The lawsuit alleges a conspiracy between Toyota Motor Sales, U.S.A. and the Canadian Automobile Dealer’s Association (CADA) to keep Canadian car exports out of the states and raise prices for American consumers.
They always say that cars are the worst investment, since they almost always depreciate in value. But Ford Motor Co. learned the hard way that this holds true for car companies as well. They bought Volvo for $6.45 billion in 1999, only to sell it 11 years later for $1.8 billion.
Ford has reached a deal to sell Volvo to Zhejiang Geely, a Chinese company that first started making cars just 11 years ago. The terms of the deal weren’t announced, but Ford’s take is estimated to be about $2 billion, a far cry from the $6 billion the company paid to buy Volvo in 1999.
$2 Billion For Volvo? Ford Motor Co. may get $1 billion to $2 billion for its Volvo Cars unit, less than a third of what it paid 10 years ago. Yeowch. [Bloomberg]
Consumer Reports has put together a list of the quickest depreciating new cars so that you bargain hunters can snatch up a lightly used car for a good price. In case you weren’t aware, new cars take a big hit in depreciation in the first few years of ownership — a smart buyer lets someone else pay that “new car” tax.