Volvo confirms it was hit by security breach

03:03pm, Friday, 10'th Dec 2021 Techtelegraph
Swedish car giant Volvo has confirmed it has suffered a security breach, with internal company data thought to have been affected. In a statement, the company said that it had become aware that one of its file repositories has been illegally accessed by a third party. Volvo says an initial investigation into the breach suggests [] The post Volvo confirms it was hit by security breach appeared first on TECHTELEGRAPH .
Volvo Cars is investigating a cybersecurity breach and theft of a limited amount of the company's research and development data. The data breach was reported Friday by the Swedish automaker.

Volvo and Northvolt to open battery research and development centre

08:30am, Friday, 10'th Dec 2021 PageOne Nigeria
Volvo Cars and battery maker Northvolt will open a joint The post Volvo and Northvolt to open battery research and development centre appeared first on PageOne .

UBS Group Analysts Give Volvo (STO:VOLV.B) a SEK 180 Price Target

06:48am, Friday, 10'th Dec 2021 Dakota Financial News
UBS Group set a SEK 180 price target on Volvo (STO:VOLV.B) in a report published on Tuesday, Borsen Zeitung reports. A number of other brokerages also recently issued reports on VOLV.B. JPMorgan Chase & Co. set a SEK 235 price target on shares of Volvo in a report on Thursday, October 21st. Royal Bank of []

Volvo electric buses to be offered in Latin American tenders

06:35am, Friday, 10'th Dec 2021 Sustainable Bus
Volvo Buses is the first European bus manufacturer to become a partner of ZEBRA, a large collaboration launched in 2019 to accelerate the deployment of zero emission buses in major Latin American cities. The agreement will require Volvo Buses to implement a number of activities, including the provision of electric buses for purchase in Mexico [] The post Volvo electric buses to be offered in Latin American tenders appeared first on Sustainable Bus .
Volvo Cars and battery maker Northvolt will open a joint research and development centre in Sweden as part of a 30 billion crown ($3.3 billion) investment, the carmaker said on Friday.
Mumbai (Maharashtra) [India], December 8 (ANI/NewsVoir): KelpHR, a pioneering organisation that aims to build workplaces that are safe, happy, and inclusive through best-in-class HR practices, has announced its 2021 list of the winning organisations that are compliant with PoSH or Prevention of Sexual Harassment laws and practices. Among the winners of the second edition of the PoSH Awardsreg;2021 For India''s Top 25 Safes
Omicron's timing is rather unfortunate for GGPI stock as it gives investors time to think more carefully about this EV play. The post How Omicron Put a Cool-Down Effect on SPAC Gores Guggenheim Stock

Geely Saves Saab Instead of Volvo

07:08pm, Tuesday, 07'th Dec 2021 Techtelegraph
These days, its hard to imagine a company better positioned to take on Tesla than Geely-owned Volvo and Polestar. Volvo made headlines back in 2015 when it promised that all new Volvos would be electrified starting in 2019 and ruffled more feathers when it spun off its successful motorsports brand, Polestar, into a purely electrified [] The post Geely Saves Saab Instead of Volvo appeared first on TECHTELEGRAPH .

Intel Plans To Take Its Mobileye Self-Driving Car Unit Public

01:09pm, Tuesday, 07'th Dec 2021 Baystreet Canada
Intel (NASDAQ:INTC) says it plans to take public Mobileye, the Israeli autonomous driving firm it acquired for $15.3 billion U.S. in 2017. The Santa-Clara-Calif.-based chip manufacturer said that it plans to take Mobileye public in the U.S. in mid-2022 via an initial public offering (IPO) of newly issued Mobileye stock. Intel, whose share price has fallen from $68 U.S. in April to less than $50 U.S. today, said the listing will create value for Intel shareholders. It added that it will remain the majority shareholder of Mobileye going forward. Founded in Jerusalem in 1999, Mobileye is one of Israels biggest success stories in technology. The company develops self-driving cars and advanced driver-assistance systems for other manufacturers. Over the years, it has partnered with Tesla (NASDAQ:TSLA), BMW, Volvo and General Motors (NYSE:GM). Last July, Mobileye signed a deal with Ford (NYSE:F) to support its next generation of advanced driving and safety features across the automakers global product lineup.

Lookers PLC 41.1% potential upside indicated by Peel Hunt Limited

11:21am, Tuesday, 07'th Dec 2021 DirectorsTalk
Lookers PLC with ticker (LON:LOOK) now has a potential upside of 41.1% according to Peel Hunt Limited. [stock_market_widget type="chart" template="basic" color="green" assets="LOOK.L" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] Peel Hunt Limited set a target price of 100 GBX for the company, which when compared to the Lookers PLC share price of 59 GBX at opening today (07/12/2021) indicates a potential upside of 41.1%. Trading has ranged between 22 (52 week low) and 76 (52 week high) with an average of 493,725 shares exchanging hands daily. The market capitalisation at the time of writing is £231,213,802. Lookers plc operates as a motor retail and aftersales company. The Company sells new and used vehicles through retail, motability, fleet and leasing channels with an aftersales business that offers servicing, parts, repair, MOT and body repair. The Company, through its divisions offers automotive dealerships in the United Kingdom and Ireland. Its Motor Division includes Charles Hurst, Lookers and Taggarts.
Bilia has today, as part of the agreement with Volvo Cars dated 1 October 2021, entered into an agreement to sell four facilities in Bergslagen in Sweden to Bilkompaniet i Dalarna AB. The sale ref
Bilia has today, as part of the agreement with Volvo Cars dated 1 October 2021, entered into an agreement to sell four facilities in Bergslagen in Sweden to Bilkompaniet i Dalarna AB.
LONDON , Dec. 6, 2021 /PRNewswire/ -- The electric revolution is the biggest change the auto industry has seen since Ford invented the assembly line in 1913. But an impending supply shortage has put one critical resource in the global spotlight. Mentioned in today''s commentary includes: Toyota Motor Corporation (NYSE: TM ), Honda Motor Co., Ltd. (NYSE: HMC ), General Motors Company (NYSE: GM ), Ford Motor Company (NYSE: F ), Plug Power Inc . (NASDAQ: PLUG ). With the meteoric rise of Tesla, nearly every major automaker has shifted its sights towards producing the next great electric vehicle.Ford made headlines this year with its announcement of the all-electric F-150 Lightning, which now has upwards of 200,000 pre-orders . That electric enthusiasm has spread to nearly every other major automaker - including GM, Fiat Chrysler, Mitsubishi, Honda, Volvo, and BMW to name just a few. This massive shift has driven demand for one crucial element sky-high. That''s why Reuters recently reported, "Lithium producers grow bullish as the EV revolution turbocharges demand." The Wall Street Journal proclaimed, "Lithium booms in the battle for electric-vehicle batteries." But Barron''s warned, "The EV revolution needs more lithium." That''s just one of the reasons top-performing lithium companies have been on such a tear this year, with several stocks more than doubling since the start of the year.
Electric vehicle play GGPI stock looks promising, but it's best to only enter a position at or below its SPAC offering price. The post Wait for the Dip Before Buying Gores Guggenheim appeared first on
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