starbuxsux
9 years ago
Westport Launches New Combustion Technology with Volvo Cars
Mar 11, 2015 08:00:00 (ET)
New System Available on 2016 Drive-E Family Engines
VANCOUVER, March 11, 2015 /PRNewswire/ - Westport Innovations Inc. (TSX:WPT / NASDAQ:WPRT), engineering the world's most advanced natural gas engines and vehicles, today announced the introduction of Westport's new combustion technology in Volvo Car Company's new Drive-E powertrain bi-fuel engine.
Volvo Cars is the first OEM to feature the new Westport system. It will be used on on Volvo's new two-litre, direct injection, four-cylinder Drive-E powertrain family, which will be available on the Volvo V60 and V70 2016 models.
Part of the Volvo Engine Architecture family - ranked as one of the best engine families in the world - this engine offers 245 HP and 350NM in torque and emissions as low as 40g CO2/km (according to the Swedish Transport Administration's calculation method for BIOGAS), and is expected to be one of the greenest, most powerful natural gas engines in the world.
"This new powertrain consisting of Volvo's new Drive-E petrol engine paired with Westport's gas technology in a highly efficient bi-fuel engine, will offer customers a very competitive combination of high performance and low emissions," said Anders H. Gustavsson, Vice President VLM Special Products, Volvo Car Group.
Westport expects most customers will seek bi-fuel operation today with high performance gasoline direct injection coupled with Westport's new natural gas combustion technology.
"Westport has provided a turnkey solution that includes technology research and development, production, installation and market support," said Anders Johansson, Managing Director, Westport Sweden. "As gasoline engines evolve, it is critical that OEMs offer natural gas versions of these engines that retain the expected performance while providing the environmental and economical benefits of compressed natural gas."
Currently the Volvo Bi-Fuel has been sold only in Sweden, however Westport is open to introducing this model in other EU markets depending on customer demand.
About Westport
Westport engineers the world's most advanced natural gas engines and vehicles. More than that, we are fundamentally changing the way the world travels the roads, rails and seas. We work with original equipment manufacturers (OEMs) worldwide from design through to production, creating products to meet the growing demand for vehicle technology that will reduce both emissions and fuel costs. To learn more about our business, visit westport.com, subscribe to our RSS feed, or follow us on Twitter @WestportDotCom.
This press release contains forward-looking statements, including statements regarding the qualities and performance of the Volvo engines described herein, desires of customers for bi-fuel operation and the longer term market shift, the demand for our products, the future success of our business and technology strategies, investment in new product and technology development and otherwise, intentions of partners and potential customers, the performance and competitiveness of Westport's products and expansion of product coverage, future market opportunities and timing of future agreements as well as Westport management's response to any of the aforementioned factors. These statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties and are based on both the views of management and assumptions that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activities, performance or achievements expressed in or implied by these forward looking statements. These risks and uncertainties include risks and assumptions related to our industry and products, the general economy, governmental policies and regulation, technology innovations, the availability and price of natural gas, global government stimulus packages, the acceptance of and shift to natural gas vehicles, the relaxation or waiver of fuel emission standards, the inability of fleets to access capital or government funding to purchase natural gas vehicles, the development of competing technologies, our ability to adequately develop and deploy our technology, the actions and determinations of our joint venture and development partners, as well as other risk factors and assumptions that may affect our actual results, performance or achievements or financial position discussed in our most recent Annual Information Form and other filings with securities regulators. Readers should not place undue reliance on any such forward-looking statements, which speak only as of the date they were made. We disclaim any obligation to publicly update or revise such statements to reflect any change in our expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in these forward looking statements except as required by National Instrument 51-102. The contents of any website, RSS feed or twitter account referenced in this press release are not incorporated by reference herein.
SOURCE Westport Innovations Inc.
/CONTACT:
Inquiries:
Darren Seed
Vice President, Capital Markets & Communications
Westport
T: 604-718-2046
invest@westport.com
Media Inquiries:
Nicole Adams
Director, Communications
Westport
T: 604-718-2011
media@westport.com
(END) Dow Jones Newswires
March 11, 2015 08:00 ET (12:00 GMT)
starbuxsux
10 years ago
AB Volvo (VOLVY) Posts Quarterly Results
AB Volvo (NASDAQ:VOLVY) posted its quarterly earnings results on Monday. The company reported $0.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.03, Analyst Ratings Network.com reports.
Shares of AB Volvo (NASDAQ:VOLVY) opened at 12.78 on Monday. AB Volvo has a 1-year low of $12.17 and a 1-year high of $16.33. The stock’s 50-day moving average is $13.95 and its 200-day moving average is $14.54. The company has a market cap of $25.895 billion and a price-to-earnings ratio of 34.27.
A number of research firms have recently commented on VOLVY. Analysts at Piper Jaffray initiated coverage on shares of AB Volvo in a research note on Wednesday, July 16th. They set a “neutral” rating on the stock. On the ratings front, analysts at Societe Generale downgraded shares of AB Volvo from a “buy” rating to a “hold” rating in a research note on Friday, June 6th. Finally, analysts at Goldman Sachs downgraded shares of AB Volvo from a “neutral” rating to a “sell” rating in a research note on Monday, June 2nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold”.
AB Volvo is a supplier of commercial transport solutions providing products, such as trucks, buses, construction equipment, engines and drive systems for boats and industrial applications, as well as aircraft engine components.
http://tickerreport.com/banking-finance/252807/ab-volvo-volvy-posts-quarterly-results/
starbuxsux
10 years ago
Volvo: Delivery of Complete Electrified Bus Solutions to Cities
Jul 21, 2014 05:16:00 (ET)
Volvo Buses and ABB have signed a partnership agreement regarding automatic e-bus chargers for electric-hybrid and full-electric Volvo buses. The cooperation enables the companies to deliver complete electrified bus solutions to cities.
GÖTEBORG, Sweden--(BUSINESS WIRE)--July 21, 2014--
Regulatory News:
Under the global partnership agreement, Volvo Buses (STO:VOLVA) (STO:VOLVB) will supply electric-hybrid buses and full-electric buses. ABB will supply standard-based fast-charging solutions for the electric vehicles.
"We are delighted to enter into partnership with ABB. Together, we have a complete and competitive offer for cities around the world that want to switch to a sustainable public transport system," said HÃ¥kan Agnevall, President Volvo Buses. "Electric-hybrid buses and full electric buses are tomorrow's solution for urban public transport. Volvo will team up with a few global actors in this field, and ABB is one of them."
"We are very pleased to partner with a global transportation industry leader which shares our vision of e-mobility in line with ABB's commitment of power and productivity for a better world," said Pekka Tiitinen, head of ABB's Discrete Automation and Motion division. "Urbanization is at a historic high and is stretching the transport infrastructure of cities around the world. Our collaboration will help to support sustainable and cost-efficient transportation solutions to meet rising commuter demand."
The partnership involves working towards a standardization of automatic e-bus fast charging on the market. This can include the communications protocol between infrastructure charging solution and e-bus, electrical interface, and specification of the automatic connection system (ACS). The ACS is located on the roof of the bus and connects the bus with the fast charger at selected charging stops.
The first joint project will be the implementation of Volvo Electric Hybrids and automatic e-bus chargers in the Luxembourg public transport system. Potentially 12 Volvo Electric Hybrid buses operated by Sales-Lentz will be running on existing public bus lines in Luxembourg as of 2015.
Sales-Lentz has a history of being an early adopter and was the first European operator running Volvo Hybrids already in 2009. This project is another strong example of a public & private partnership between Sales-Lentz, the ministries of Luxembourg and Volvo Buses. The project is integrated into Luxembourg's Mobility Network (LMN), a network that links different mobility projects in the Grand Duchy to exploit synergies and develop common visions for the mobility of the future.
The Volvo Electric Hybrid, which reduces energy consumption by 60% compared with a conventional diesel bus, will be officially launched at the IAA exhibition in Hannover in Germany in September. Volvo's first full electric buses will be launched in June 2015 within the ElectriCity project in Gothenburg, Sweden.
Volvo Buses launched its first hybrid bus in 2009 and has delivered nearly 1,600 hybrids to 21 countries. The company is a leader in electro mobility.
As a leader in power and automation technologies, ABB plays a vital role in the development of sustainable modes of transport by providing efficient charging infrastructure solutions for electric vehicles. ABB technologies ensure intelligent infrastructure networks with an industry leading uptime while maintaining good power quality in the grid. As the market leader in fast charging solutions, ABB delivered over 1,500 DC fast-charging systems for passenger vehicles worldwide since 2010, and rolled out charging networks for automotive, utility, government and retail customers including nation-wide networks in the Netherlands, Estonia, Denmark.
Facts Volvo's electric hybrid bus
-- The bus is equipped with an electric motor that is powered by lithium
batteries. It also has a small diesel engine.
-- The bus is charged quickly at charging stations via an overhead power
connection.
-- The bus can be driven about seven kilometres on electricity alone,
covering the distance silently and entirely without exhaust emissions.
-- 75% fuel saving
-- 60% energy reduction
-- 75% CO2reduction
-- Recharging 6 minutes at end stations
Facts Volvo's full electric bus
-- Electrical drive 100 % of the route, silent and emission-free
-- Enables indoor bus stops
-- 80 % energy reduction
-- No local exhaust emissions
-- 99 % CO2reduction
-- Recharging 6 min at end stations
Facts ABB off-board automatic e-bus fast chargers
-- Standards-based charger using the proven and safe CCS (EN61851-23)
protocol
-- On-route and depot charging solutions
-- Flexibility in connecting to different electricity-grid situations
-- Remote management and service solutions together with high quality
hardware provides industry leading uptime
-- ABB connected services offer flexibility to connect to added-value
systems, easy upgrading & cost efficiency
-- Configurations with several power levels up to 300 kW are available
depending on the bus and location
-- Includes an Automatic Connection System to seamlessly connect to the roof
of the Volvo bus without the need for driver intervention
Volvo Buses is one of the world's leading bus manufacturers, with a strong focus on vehicles and systems for long-term sustainable public transport. The product range includes complete transport solutions, city buses, intercity buses and tourist coaches, as well as services in financing, vehicle service, vehicle diagnostics and traffic information. Volvo Buses is part of Volvo Group, one of the world's leading manufacturers of trucks, buses and construction machines as well as drive systems for marine and industrial applications. Volvo Group also provides complete financing solutions. For more information visit http://www.volvobuses.com
This information was brought to you by Cision http://news.cision.com
CONTACT: Volvo Bus Corporation
Helena Lind, Manager
Media Relations
Phone: +46 (0)31-323 52 67
SOURCE: Volvo
Copyright Business Wire 2014
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(END) Dow Jones Newswires
July 21, 2014 05:16 ET (09:16 GMT)
starbuxsux
10 years ago
AB Volvo Rating Increased to Outperform at Robert W. Baird (VOLVY)
Posted by Wayne Rhoads on Apr 24th, 2014
AB Volvo (OTCMKTS:VOLVY) was upgraded by investment analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a note issued to investors on Tuesday, AnalystRatingsNetwork.com reports.
Shares of AB Volvo (OTCMKTS:VOLVY) traded up 0.89% during mid-day trading on Tuesday, hitting $15.59. The stock had a trading volume of 11,694 shares. AB Volvo has a 1-year low of $12.17 and a 1-year high of $16.33. The stock’s 50-day moving average is $15.53 and its 200-day moving average is $13.99. The company has a market cap of $31.618 billion and a P/E ratio of 58.53.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank upgraded shares of AB Volvo from a “sell” rating to a “hold” rating in a research note on Wednesday, April 16th. Analysts at Citigroup Inc. upgraded shares of AB Volvo from a “neutral” rating to a “buy” rating in a research note on Monday, February 24th.
AB Volvo is a Sweden-based supplier of commercial transport solutions providing products, such as trucks, buses, construction equipment, engines and drive systems for boats and industrial applications, industrial engines and systems, industrial information technology (OTCMKTS:VOLVY) solutions, logistics solutions, aircraft engine components, as well as services and support, such as roadside assistance, fuel management and driver training.
http://zolmax.com/investing/ab-volvo-rating-increased-to-outperform-at-robert-w-baird-volvy/251957/
starbuxsux
10 years ago
Volvo Posts Profit In Q1 On Higher Demand In Mature Markets
4/25/2014 2:44 AM ET
Swedish automaker AB Volvo (VOLVY.PK) reported Friday a profit in its first quarter, compared to last year's loss, benefited by higher sales and improved price realization, despite adverse currency impacts. The Sales were driven by demand growth in mature markets in North America, Europe and Japan, as well as China.
President and CEO Olof Persson said, "The measures we are implementing to increase the Group's profitability are running according to plan and starts to have a positive impact on our gross margin and costs, but there is still more work to do in terms of cost reductions and this is the Group's main focus for 2014."
For the first quarter, income attributable to equity holders of the parent company was 1.08 billion Swedish kronor (about $164 million), compared with a loss of 304 million kronor last year. Earnings per share were 0.53 krona, compared with a loss of 0.15 krona a year ago.
Operating income was 2.27 billion kroner, higher than prior year's 482 million kroner. Operating margin was 3.5 percent, versus 0.8 percent a year ago. The latest quarterly results included restructuring charges of 318 million kroner, compared with last year's 14 million kroner.
Adjusted operating income, which excluded items, totaled 2.59 billion kronor, compared to 496 million kroner a year ago. Adjusted operating margin was 3.9 percent, as against 0.9 percent last year. Currency exchange rates had an adverse impact of 1.10 billion kronor on operating income.
Quarterly net sales reached 65.65 billion kronor, 13 percent increase from last year's 58.34 billion kronor. Adjusted for currency movements and acquired and divested units, sales went up 15 percent.
Volvo noted that the demand for its products continued its gradual improvement in the mature economies in North America, Western Europe and Japan. Meanwhile, the emerging economies in South America and Asia saw weaker demand.
In the quarter, North American sales climbed 28 percent, and that of Western Europe grew 10 percent. Asian sales also increased 11 percent, while sales in South America remained flat with last year.
Segment-wise, sales in trucks increased 18 percent and construction equipment sales grew 10 percent. Meanwhile, sales of buses dropped 3 percent and Volvo Penta sales dropped 2 percent.
Looking ahead, the company said it expects a gradual improvement in Europe over the course of the year and maintains its forecast for the European heavy duty truck market. In North America, the company plans for a slight increase in the production level towards summer.
In Stockholm, Volvo shares gained 1.50 kroner or 1.47 percent on Thursday and settled at 103.40 kroner.
by RTT Staff Writer
For comments and feedback: editorial@rttnews.com
starbuxsux
10 years ago
Volvo Cars and AT&T Enter Multi-Year Agreement to Connect Future Models in U.S. and Canada
10:00 AM ET 4/16/14 | PR Newswire
AT&T* and Volvo Cars, both leaders in connected cars, have entered into a new multi-year agreement to enable future Volvo vehicles in the U.S. and Canada with high speed wireless connectivity.
AT&T is scheduled to power Volvo's US 2015 model year connected car solution with Sensus Connect, an embedded infotainment service. Volvo customers in the U.S. and Canada will also have access to Volvo On Call, a service allowing remote access to car functions and an emergency crash notification service. Volvo plans to enable cars with AT&T on-board for sale this summer.
As a telematics leader, AT&T already provides a variety of vehicle solutions to automobile manufacturers around the world. Volvo's solution incorporates AT&T's Single SIM platform to provide coverage in the U.S. and Canada.
The Single SIM, along with a world-class service management platform, AT&T Control Center powered by Jasper Wireless, arms Volvo with the ability to manage wireless device deployment and operations across markets with advanced diagnostic tools and smart alerting.
"We expect Volvo customers will be delighted to have these services on board, and we're committed to working with Volvo Cars to give their customers a unique and valuable service," said Chris Penrose, senior vice president, Emerging Devices, AT&T Mobility. "Our Single SIM will make it easy for Volvo customers to have high speed wireless connectivity in the U.S. and Canada."
For the complete array of AT&T offerings, visit www.att.com.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
About AT&TAT&T Inc. (NYSE:T) is a premier communications holding company and one of the most honored companies in the world. Its subsidiaries and affiliates - AT&T operating companies - are the providers of AT&T services in the United States and internationally. With a powerful array of network resources that includes the nation's fastest and most reliable 4G LTE network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet, voice and cloud-based services. A leader in mobile Internet, AT&T also offers the best wireless coverage worldwide of any U.S. carrier, offering the most wireless phones that work in the most countries. It also offers advanced TV service with the AT&T U-verse(R) brand. The company's suite of IP-based business communications services is one of the most advanced in the world.
Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/aboutus or follow our news on Twitter at @ATT, on Facebook at http://www.facebook.com/att and YouTube at http://www.youtube.com/att.
(C) 2013 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.
4G LTE speed claim based on national carriers' average 4G LTE download speeds. Reliability claim based on data transfer completion rates on nationwide 4G LTE networks. 4G LTE availability varies.
Cautionary Language Concerning Forward-Looking StatementsInformation set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.
http://photos.prnewswire.com/prnvar/20140408/CG99935LOGO
Logo - http://photos.prnewswire.com/prnh/20140408/CG99935LOGO
SOURCE AT&T Inc.
Ecclesiastes 5.19
10 years ago
Volvo and Apple Forge Global Alliance
GOTHENBURG, Sweden, Mar 3, 2014 (Canada NewsWire via COMTEX) -- Volvo Car Group and Apple Inc. are joining forces to make Apple's widely-used and hugely admired operating system available to drivers, bringing together one of the world's most progressive car companies and the world's most famous technology company.
To view the Multimedia News Release, please click:http://www.multivu.com/mnr/65022-volvo-and-apple-forge-global-alliance
The alliance promises to transform the in car experience. Called Apple CarPlay, the new service brings all the features and services familiar to iPad, iPhone or iPod users directly into the car via Volvo's large centre console touch screen display.
The first car to offer Apple CarPlay will be the all new XC90 SUV which will be introduced later in 2014, one of the most anticipated cars of recent years, replacing the original XC90, which redefined the SUV and became the best selling model in Volvo's history.
Volvo enhances Apple's capabilities by linking them to a specially-developed interface that allows drivers to use voice and touch controls to access Apple features and services, ensuring the entire interaction is always safe and easy to use.
With Apple CarPlay, users will immediately recognise their basic iPhone applications, such as phone, messages, music and navigation. The initial offer also features third party audio apps including Spotify, the popular music streaming service.
Volvo's unique portrait screen gives users the benefit of having both Volvo and Apple content co-existing simultaneously, removing the need to switch between a dedicated car and iPhone screen.
"iPhone users will feel completely at home in a new Volvo. We have created a wholly-integrated user experience in our large portrait-oriented touch screen that takes the in-car mobile device experience to a new level. That, coupled with the obvious driver safety benefits of an advanced voice control system like Siri, made Apple a perfect match for Volvo," says Håkan Samuelsson, President and CEO, Volvo Car Group.
Facts
Apple CarPlay allows connection of iPhone to the car through a Lightning cable - with Wi-Fi coming in the near future.
The connection is based on a streaming H.264 video feed that returns user input from the touch screen.
Apple CarPlay will be available in forthcoming Volvo models based on the new Scalable Product Architecture (SPA), starting with the all-new Volvo XC90 later in 2014.
SOURCE Volvo Car Group
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/March2014/03/c1433.html
SOURCE: Volvo Car Group
CONTACT: Media Contact, Volvo Car Group, Phone: +46-31-596525, Mobile: +46-31-596525, Email:
media@volvocars.com; https://www.media.volvocars.com/global/en-gb/contacts; Video:
http://www.multivu.com/mnr/65022-volvo-and-apple-forge-global-alliance
Copyright (C) 2014 CNW Group. All rights reserved.
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