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
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
-
Plastics: The Tortoise and the Hare
Plastic may not be in the news as much as some automotive materials these days, but its gram-by-gram assimilation could accelerate dramatically.
-
When Automated Production Turning is the Low-Cost Option
For the right parts, or families of parts, an automated CNC turning cell is simply the least expensive way to produce high-quality parts. Here’s why.
-
On Fuel Cells, Battery Enclosures, and Lucid Air
A skateboard for fuel cells, building a better battery enclosure, what ADAS does, a big engine for boats, the curious case of lean production, what drivers think, and why Lucid is remarkable