#Volvo reportedly preparing for upcoming  billion IPO

#Volvo reportedly preparing for upcoming $20 billion IPO

“#Volvo reportedly preparing for upcoming $20 billion IPO” The owner of Volvo, China’s Geely Holding, is in advanced discussions with banks to list the automaker in the coming weeks, three sources told Reuters, in what is expected to be one of Europe’s biggest initial public offerings this year. Volvo is aiming for a valuation of about…

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#Volvo plans to make only electric vehicles by 2030

#Volvo plans to make only electric vehicles by 2030

“#Volvo plans to make only electric vehicles by 2030” Volvo says it will make only electric vehicles by 2030. But if you want one, you’ll have to buy it online. The Swedish automaker said Tuesday that it is phasing out the production of all cars with internal combustion engines — including hybrids. “There is no…

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#Carl Icahn, Mark Rachesky in Navistar boardroom battle

#Carl Icahn, Mark Rachesky in Navistar boardroom battle

“#Carl Icahn, Mark Rachesky in Navistar boardroom battle” This big-rig truck merger could be headed for a collision course. Carl Icahn and other key investors in trucking giant Navistar are willing to sell it to a Volkswagen subsidiary for around $50 a share, valuing the maker of International semi trucks at a whopping $5 billion,…

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