Geely reduces Volvo stake; will continue to support Swedish automaker

Volvo EM90 side view doors closed 900.jpg — Volvo launched the EM90 luxury battery-electric van this month aimed at China and Southeast Asia.

By:

Bloomberg

November 17, 2023 07:51 AM

Chinese billionaire Li Shufu's Zhejiang Geely Holding Group is raising around $350 million selling part of its stake in Volvo Cars, responding to investor concerns about the automaker's limited free float.

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Manufacturing

Trump to reduce impact of auto tariffs, U.S. Commerce secretary says

Manufacturing

Automakers would also not be responsible for other tariffs on aluminum and steel, said a White House official on Monday night.

By:

Bloomberg News

Trump to reduce impact of auto tariffs, U.S. Commerce secretary says

Volkswagen

Porsche shipments to dealerships stopped over tariffs, retailers say

These U.S. auto plants have extra capacity, but moving production from overseas no easy task

Stellantis shrinks Warren Truck production, gears up to launch Mexico pickup plant

Stellantis

By:

Kurt Nagl, Crains Detroit Business

Stellantis shrinks Warren Truck production, gears up to launch Mexico pickup plant

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