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
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
Tesla’s Losses Triple as Deliveries Rise
Tesla Motors Inc.’s third-quarter revenue rose 10% to $937 million, and deliveries of its electric cars jumped 49% to 11,600 units.
