Mexican Media Brands
Volvo Bond Issue Raises $214 Million
Volvo Car Corp. has raised 2 billion kronor ($214 million) in a bond issue to help develop electrified powertrains and autonomous vehicles.
#economics
Share
Volvo Car Corp. has raised 2 billion kronor ($214 million) in a bond issue to help develop electrified powertrains and autonomous vehicles.
The sale comes after the company scrapped plans in November for an initial public offering, citing trade tensions and a “turbulent” equity market.
At the time, CEO Hakan Samuelsson said the company could fund its product and technology development efforts through cash flow. But earlier this month he said outside financing would be necessary.
RELATED CONTENT
-
GM: The Drive to Profitability, Part 1
General Motors released rather impressive numbers for 2015.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
