Author: Automotive News n Feed

Volvo’s latest financial results were full of positive numbers but a couple really stood out. Volvo finished 2016 with $5.55 billion in liquidity and a net cash position of $2.13 billion.

Volvo 2016 financial results were full of positive numbers but a couple really stood out. Volvo finished 2016 with $5.55 billion in liquidity and a net cash position of $2.13 billion.

Fiat Chrysler vehicles were allowed to skip key tests for illegal engine software during Italy’s main emissions-cheating investigation following the VW Group scandal, according to the transport ministry’s own report.

Fiat Chrysler vehicles were allowed to skip key tests for illegal engine software during Italy’s main emissions-cheating investigation following the VW Group scandal, according to the transport ministry’s own report.

Volvo Cars reported double-digit improvements in 2016 earnings and revenue on Wednesday and forecast fourth consecutive year another year of record sales for 2017. Operating profit rose 66 percent to 11.0 billion Swedish crowns ($1.

When a customer objects to buying an important FandI product, find common ground, suggests Rick McCormick of Reahard and Associates. ‘You can’t sell anything to anybody when you disagree,’ he says.

Volvo CEO Hakan Samuelsson expects the automaker to build on recent success and set a new all-time sales record for a fourth consecutive year in 2017.

$12K payday for GM’s hourly workers; BMW settles water-damage suit; Expert: Tax would hit JLR prices most; Faraday scales back; Ford’s redesigned Expedition; ‘One badass SUV.’

Penske Automotive Group’s fourth-quarter net income rose 16 percent to $82.7 million, on a 0.7 percent drop in revenue, due in part to exchange rates, to $4.89 billion.