Post Tagged with: "swedish carmaker"

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Ericsson to help Volvo connect its cars to the Internet

Ericsson to help Volvo connect its cars to the Internet

Volvo Cars and Ericsson will join their forces to develop innovations for automotive internet services. Volvo Cars’ expertise in driver behavior and traffic security requirements, along with Ericsson’s consulting and systems integration expertise, will be used to define and select services. Ericsson will provide a Managed Service in all markets […]

Volvo gets $1.2 billion loan from China Development Bank

Volvo gets $1.2 billion loan from China Development Bank

Volvo Car Corporation will receive a €922 million ($1.2 billion) loan from China Development Bank to repay its debt, the Swedish carmaker announced on Thursday. The Chinese-owned carmaker hopes for more loans to help finance the investment needed to double its sales. As a second step under the loan agreement, […]