Volvo Cars recorded an 11% decrease in April global sales compared to the previous year amounting to 58,881 cars following their Monday announcement. The declining global sales performance reduced Volvo's stock prices by 3% during the first part of the trading day thus worsening its year-to-date loss up to 29%.
Full electric vehicle sales at Volvo Cars experienced an April drop of 32% which brought their share of total sales down to 20%. The total vehicle sales showed a 45% share for electrified products when plug-in hybrid sales joined other equivalents in their drop of 16%.
Also Read | <a href="https://www.wionews.com/autonews/volvo-cars-new-ceo-turns-to-geely-amid-trump-tariff-pressures-9018606">Volvo Cars' new CEO turns to Geely amid Trump tariff pressures</a>
As a global manufacturer Volvo Cars operates in circumstances shaped by U.S. President Donald Trump's introduced trade restrictions together with European brands. Volvo Car Corporation seeks to reduce costs by working with Geely and simultaneously work to maintain U.S. sales but U.S. consumers are buying more hybrid vehicles and conventional combustion engine vehicles. The company wants to attract more Chinese buyers even though they face tough competition from domestic EV producers who sell lower-cost vehicles.
After the uncertainty caused by tariffs the company decided to withdraw its projected earnings for the coming two years during its April announcement. The latest Volvo report lacks regional sales details but the complete market downturn and substantial EV sales drop demonstrate the company's difficulties in the present international automotive industry. The Volvo XC60 achieved the title of best-selling model for Volvo vehicles during April.

Autonews | As a global manufacturer, Volvo Cars operates in circumstances shaped by U.S. President Donald Trump's trade restrictions together with European brands.

Volvo Cars recorded an 11% decrease in April global sales compared to the previous year amounting to 58,881 cars following their Monday announcement. The declining global sales performance reduced Volvo's stock prices by 3% during the first part of the trading day thus worsening its year-to-date loss up to 29%. Full electric vehicle sales at Volvo Cars experienced an April drop of 32% which brought their share of total sales down to 20%. The total vehicle sales showed a 45% share for electrified products when plug-in hybrid sales joined other equivalents in their drop of 16%. Also Read | Volvo Cars' new CEO turns to Geely amid Trump tariff pressures As a global manufacturer Volvo Cars operates in circumstances shaped by U.S. President Donald Trump's introduced trade restrictions together with European brands. Volvo Car Corporation seeks to reduce costs by working with Geely and simultaneously work to maintain U.S. sales but U.S. consumers are buying more hybrid vehicles and conventional combustion engine vehicles. The company wants to attract more Chinese buyers even though they face tough competition from domestic EV producers who sell lower-cost vehicles. After the uncertainty caused by tariffs the company decided to withdraw its projected earnings for the coming two years during its April announcement. The latest Volvo report lacks regional sales details but the complete market downturn and substantial EV sales drop demonstrate the company's difficulties in the present international automotive industry. The Volvo XC60 achieved the title of best-selling model for Volvo vehicles during April.

Volvo Cars sales decline 11% in April, electric vehicle sales slump

Volvo Cars, the Chinese-owned automaker, has announced that it is seeking to take over Northvolt's stake in their Swedish battery-making joint venture NOVO. The move comes as Northvolt, once hailed as Europe's best hope for a homegrown electric vehicle battery champion, battles to stay afloat amid production problems, the loss of a major customer contract, and a lack of funding.

The NOVO Energy battery cell plant was expected to cost 30 billion Swedish crowns (USD 2.8 billion) when it was first announced in 2021. Volvo Cars has so far invested around 3 billion Swedish crowns into the joint venture. However, the automaker stated that any future battery production at NOVO will be dependent on the involvement of a third-party or other partner, as Northvolt has decided not to contribute further capital to the venture "at this point in time."

Evan Hartley, an analyst at Benchmark Mineral Intelligence, believes Northvolt's decision to step back from the NOVO venture could be beneficial for the struggling battery maker, as it aligns with the company's recent efforts to streamline its ambitious plans. "On the flip side this again highlights a position in which a guaranteed customer of theirs is moving away from using Northvolt as a direct supplier," said Hartley.

Europe's journey towards self-reliance in EV battery production, which is crucial for the continent's green transition and independence from Chinese manufacturers, has been marked by volatility. Several projects have been postponed or scrapped, underscoring the challenges faced by the industry.

Volvo Cars stated that the move would not impact its own vehicle roll-out plan, but the company declined to elaborate on potential partners to replace Northvolt in the NOVO venture. The automaker's decision comes as global automakers, including Volvo, have scaled back their electrification targets due to slowing demand for EVs, a lack of affordable models, slow rollout of charging infrastructure, trade tensions, and competition from cheaper Chinese rivals.

Northvolt, meanwhile, has said it is in talks with investors and lenders to secure funding and has made significant progress towards a financing deal. However, Volvo Cars CEO Jim Rowan recently stated that the company would not put any money into Northvolt.

Volvo Cars, the Chinese-owned automaker, has announced that it is seeking to take over Northvolt's stake in their Swedish battery-making joint venture NOVO. The move comes as Northvolt, once hailed as Europe's best hope for a homegrown electric vehicle battery champion, battles to stay afloat amid production problems, the loss of a major customer contract, and a lack of funding.

Volvo Cars, the Chinese-owned automaker, has announced that it is seeking to take over Northvolt's stake in their Swedish battery-making joint venture NOVO. The move comes as Northvolt, once hailed as Europe's best hope for a homegrown electric vehicle battery champion, battles to stay afloat amid production problems, the loss of a major customer contract, and a lack of funding. The NOVO Energy battery cell plant was expected to cost 30 billion Swedish crowns (USD 2.8 billion) when it was first announced in 2021. Volvo Cars has so far invested around 3 billion Swedish crowns into the joint venture. However, the automaker stated that any future battery production at NOVO will be dependent on the involvement of a third-party or other partner, as Northvolt has decided not to contribute further capital to the venture "at this point in time." Evan Hartley, an analyst at Benchmark Mineral Intelligence, believes Northvolt's decision to step back from the NOVO venture could be beneficial for the struggling battery maker, as it aligns with the company's recent efforts to streamline its ambitious plans. "On the flip side this again highlights a position in which a guaranteed customer of theirs is moving away from using Northvolt as a direct supplier," said Hartley. Europe's journey towards self-reliance in EV battery production, which is crucial for the continent's green transition and independence from Chinese manufacturers, has been marked by volatility. Several projects have been postponed or scrapped, underscoring the challenges faced by the industry. Volvo Cars stated that the move would not impact its own vehicle roll-out plan, but the company declined to elaborate on potential partners to replace Northvolt in the NOVO venture. The automaker's decision comes as global automakers, including Volvo, have scaled back their electrification targets due to slowing demand for EVs, a lack of affordable models, slow rollout of charging infrastructure, trade tensions, and competition from cheaper Chinese rivals. Northvolt, meanwhile, has said it is in talks with investors and lenders to secure funding and has made significant progress towards a financing deal. However, Volvo Cars CEO Jim Rowan recently stated that the company would not put any money into Northvolt.

Volvo Cars seeks to takeover Northvolt's stake in Swedish battery venture

Swedish luxury automaker Volvo Cars reported stronger-than-expected third-quarter operating profits while simultaneously announcing a substantial reduction in its full-year sales growth forecast, signalling mounting challenges in the premium automotive sector.

The Gothenburg-based manufacturer posted an impressive operating profit of 5.8 billion Swedish crowns (USD 550 million) for the third quarter, surpassing both last year's figure of 4.5 billion crowns and analyst expectations from prominent financial institutions including JP Morgan and Bernstein.

However, in a notable shift from its previous outlook, Volvo Cars has significantly scaled back its annual sales growth projection to 7-8%, a marked decrease from the 12-15% growth forecast issued in July. The company's revised outlook notably predicts stagnant growth for the fourth quarter, reflecting broader industry challenges.

CEO Jim Rowan acknowledged the increasingly challenging market conditions, stating, "There's no doubt that the sector's getting tougher." He specifically highlighted the impact of high inflation on consumer sentiment and financing options, noting that many customers rely on auto loans for vehicle purchases.

The automotive industry has been grappling with several headwinds, particularly in the electric vehicle (EV) segment. Market demand for EVs has shown signs of weakness over the past year, attributed primarily to the limited availability of affordable models and insufficient charging infrastructure. Adding to these challenges is intensifying competition from lower-priced Chinese manufacturers and the looming implementation of European tariffs on Chinese-manufactured EVs.

Volvo Cars' strategy for navigating these challenges relies heavily on the success of its new SUV models, the EX30 and EX90, which the company positions as potential volume drivers. However, investors remain cautious about the company's ability to maintain promised profit margins in the current market environment.

In a strategic pivot announced in September, Volvo Cars adjusted its electrification timeline, choosing to extend its hybrid vehicle offerings beyond initially planned timeframes. This decision was accompanied by a revision of the company's profit margin goals and a shift in strategic focus toward outperforming the premium car market rather than pursuing specific sales targets.

The company's latest market assessment indicates that the demand slowdown, previously observed primarily in the mass-market segment, has now penetrated the premium sector where Volvo Cars operates. This development represents a significant shift from earlier market conditions and has prompted the company's more conservative outlook.

Financial analysts have responded to the mixed results with measured optimism. Bernstein characterised the third-quarter performance as "a handsome beat on revenue and margin" while acknowledging that the reduced outlook suggests challenging conditions ahead for the automotive sector.

Swedish luxury automaker Volvo Cars reported stronger-than-expected third-quarter operating profits while simultaneously announcing a substantial reduction in its full-year sales growth forecast, signalling mounting challenges in the premium automotive sector.

Swedish luxury automaker Volvo Cars reported stronger-than-expected third-quarter operating profits while simultaneously announcing a substantial reduction in its full-year sales growth forecast, signalling mounting challenges in the premium automotive sector. The Gothenburg-based manufacturer posted an impressive operating profit of 5.8 billion Swedish crowns (USD 550 million) for the third quarter, surpassing both last year's figure of 4.5 billion crowns and analyst expectations from prominent financial institutions including JP Morgan and Bernstein. However, in a notable shift from its previous outlook, Volvo Cars has significantly scaled back its annual sales growth projection to 7-8%, a marked decrease from the 12-15% growth forecast issued in July. The company's revised outlook notably predicts stagnant growth for the fourth quarter, reflecting broader industry challenges. CEO Jim Rowan acknowledged the increasingly challenging market conditions, stating, "There's no doubt that the sector's getting tougher." He specifically highlighted the impact of high inflation on consumer sentiment and financing options, noting that many customers rely on auto loans for vehicle purchases. The automotive industry has been grappling with several headwinds, particularly in the electric vehicle (EV) segment. Market demand for EVs has shown signs of weakness over the past year, attributed primarily to the limited availability of affordable models and insufficient charging infrastructure. Adding to these challenges is intensifying competition from lower-priced Chinese manufacturers and the looming implementation of European tariffs on Chinese-manufactured EVs. Volvo Cars' strategy for navigating these challenges relies heavily on the success of its new SUV models, the EX30 and EX90, which the company positions as potential volume drivers. However, investors remain cautious about the company's ability to maintain promised profit margins in the current market environment. In a strategic pivot announced in September, Volvo Cars adjusted its electrification timeline, choosing to extend its hybrid vehicle offerings beyond initially planned timeframes. This decision was accompanied by a revision of the company's profit margin goals and a shift in strategic focus toward outperforming the premium car market rather than pursuing specific sales targets. The company's latest market assessment indicates that the demand slowdown, previously observed primarily in the mass-market segment, has now penetrated the premium sector where Volvo Cars operates. This development represents a significant shift from earlier market conditions and has prompted the company's more conservative outlook. Financial analysts have responded to the mixed results with measured optimism. Bernstein characterised the third-quarter performance as "a handsome beat on revenue and margin" while acknowledging that the reduced outlook suggests challenging conditions ahead for the automotive sector.

Volvo Cars reduces growth forecast amid premium auto market slowdown

Volvo Cars has cut its margin and revenues goals for the second time this year on the back of the difficulties in the EV market coupled with tariff pressures. This decision follows the company's decision to drop its controversial target of getting 40% of its sales from EV by 2030 and shift to plug-in hybrid electric vehicles instead.

Volvo car which is controlled fully by Geely has recently lowered its operating margin before joint venture and associate target to 7-8% from more than 8% it set earlier this year. The company also abandoned its revenue plans that struck at USD 550 billion-USD 600 billion Swedish crowns (USD 53.5 billion - USD 58.4 billion) and promised to overtake growth of the premium car market.

This adjustment means that Volvo has downgraded it financial targets twice in the last year. In January this year, the automaker withdrew the prior-year goals of attaining EBIT margin of between 8-10% and annual selling of 1. Some of the goals presented are the production of 2 million cars by mid-2020s, first unveiled in 2021.

Mitsubishi’s move away from an all-EV strategy by 2030 is a process escalated by the slowing demand for electric vehicles and tariffs placed on Chinese electric cars by the EU, US and Canada. Recently, Volvo’s CEO, Jim Rowan said that the shift to the all-electric future is longer as compared to what the companies still planned for. ‘Business is not Sport,’ Rowan continued, ‘It’s, however, about constant evolution and learning’.

Christina Bu, the head of Norway’s EV association, did not discuss the issue saying that other car makers have also tweaked their goals of selling electric cars. It is noteworthy that she called for sustained and durable political commitment towards the support of EV transition.

Amid optimisation of its logistical service, the Volvo has stated that its EX90 model, planned to be in the delivery this month, will act as a foundation for the technology of future models. The company also outlined plans to employ a single software system based on the Nvidia chips and to use ‘megacastings’ to produce a single piece aluminum underbody for vehicles in order to cut costs.

Nevertheless, this year’s and even August’s dynamics in car sales have revealed certain positive trends along with the existing challenges that Volvo has faced at the market level.

Volvo Cars has cut its margin and revenues goals for the second time this year on the back of the difficulties in the EV market coupled with tariff pressures. This decision follows the company's decision to drop its controversial target of getting 40% of its sales from EV by 2030 and shift to plug-in hybrid electric vehicles instead.

Volvo Cars has cut its margin and revenues goals for the second time this year on the back of the difficulties in the EV market coupled with tariff pressures. This decision follows the company's decision to drop its controversial target of getting 40% of its sales from EV by 2030 and shift to plug-in hybrid electric vehicles instead. Volvo car which is controlled fully by Geely has recently lowered its operating margin before joint venture and associate target to 7-8% from more than 8% it set earlier this year. The company also abandoned its revenue plans that struck at USD 550 billion-USD 600 billion Swedish crowns (USD 53.5 billion - USD 58.4 billion) and promised to overtake growth of the premium car market. This adjustment means that Volvo has downgraded it financial targets twice in the last year. In January this year, the automaker withdrew the prior-year goals of attaining EBIT margin of between 8-10% and annual selling of 1. Some of the goals presented are the production of 2 million cars by mid-2020s, first unveiled in 2021. Mitsubishi’s move away from an all-EV strategy by 2030 is a process escalated by the slowing demand for electric vehicles and tariffs placed on Chinese electric cars by the EU, US and Canada. Recently, Volvo’s CEO, Jim Rowan said that the shift to the all-electric future is longer as compared to what the companies still planned for. ‘Business is not Sport,’ Rowan continued, ‘It’s, however, about constant evolution and learning’. Christina Bu, the head of Norway’s EV association, did not discuss the issue saying that other car makers have also tweaked their goals of selling electric cars. It is noteworthy that she called for sustained and durable political commitment towards the support of EV transition. Amid optimisation of its logistical service, the Volvo has stated that its EX90 model, planned to be in the delivery this month, will act as a foundation for the technology of future models. The company also outlined plans to employ a single software system based on the Nvidia chips and to use ‘megacastings’ to produce a single piece aluminum underbody for vehicles in order to cut costs. Nevertheless, this year’s and even August’s dynamics in car sales have revealed certain positive trends along with the existing challenges that Volvo has faced at the market level.

Volvo Cars revises margin and revenue targets amid EV market challenges

By going with Nvidia’s innovative technology and integrating the megacasting techniques, Volvo Cars has officially set sail for the new EV battlefield. Volvo Cars, the Swedish carmaker, unveiled on Thursday that all its future models will have a single software system based on Nvidia processors, critical upgrades of which will be from the all-new EX90 electric SUV.

The EX90, which Volvo plans to start delivering in the coming month, will be the first model to come with this new ‘technology stack.’ The car will have Nvidia’s DRIVE Orin system-on-a-chip, which has over 250 trillion operations per second (TOPS) capability. Volvo aims to have access to a chip with a 1,000-trillion-TOPS by the end of this decade. It will improve the safety features of the car and allow updates to be made constantly through the cloud and this is according to the CEO and CTO of the company Anders Bell.

Although most car manufacturers are scouting for ways through which they compete through software-defined EVs and subscription services, Bell was quick to point out that Volvo’s business model would not hinge on the sale of such services. However, as he said, “It is not about selling subscriptions but to make the car better and have a more sticky product.”

Other software measures include megacasting, a unique system that uses an elaborate process of casting bigger structures in units instead of one piece using larger press casts to produce single aluminium body pieces required for an understructure of a vehicle. This approach is used in an effort to eliminate a number of parts that normally require welding onto a single part. Tesla has standardised the gigafactory business model, and now, automakers like General Motors and Nissan are also exploring it. By implementing megacasting, Volvo aims at boosting its utilisation of recycled aluminum and cutting emissions across the supply chain, in line with multi-faceted sustainability targets.

Volvo has long been at the forefront of developing technologies and conserving environment, and this strategic move reiterates it as the company prepares for the future of automobiles.

By going with Nvidia’s innovative technology and integrating the megacasting techniques, Volvo Cars has officially set sail for the new EV battlefield. Volvo Cars, the Swedish carmaker, unveiled on Thursday that all its future models will have a single software system based on Nvidia processors, critical upgrades of which will be from the all-new EX90 electric SUV.

By going with Nvidia’s innovative technology and integrating the megacasting techniques, Volvo Cars has officially set sail for the new EV battlefield. Volvo Cars, the Swedish carmaker, unveiled on Thursday that all its future models will have a single software system based on Nvidia processors, critical upgrades of which will be from the all-new EX90 electric SUV. The EX90, which Volvo plans to start delivering in the coming month, will be the first model to come with this new ‘technology stack.’ The car will have Nvidia’s DRIVE Orin system-on-a-chip, which has over 250 trillion operations per second (TOPS) capability. Volvo aims to have access to a chip with a 1,000-trillion-TOPS by the end of this decade. It will improve the safety features of the car and allow updates to be made constantly through the cloud and this is according to the CEO and CTO of the company Anders Bell. Although most car manufacturers are scouting for ways through which they compete through software-defined EVs and subscription services, Bell was quick to point out that Volvo’s business model would not hinge on the sale of such services. However, as he said, “It is not about selling subscriptions but to make the car better and have a more sticky product.” Other software measures include megacasting, a unique system that uses an elaborate process of casting bigger structures in units instead of one piece using larger press casts to produce single aluminium body pieces required for an understructure of a vehicle. This approach is used in an effort to eliminate a number of parts that normally require welding onto a single part. Tesla has standardised the gigafactory business model, and now, automakers like General Motors and Nissan are also exploring it. By implementing megacasting, Volvo aims at boosting its utilisation of recycled aluminum and cutting emissions across the supply chain, in line with multi-faceted sustainability targets. Volvo has long been at the forefront of developing technologies and conserving environment, and this strategic move reiterates it as the company prepares for the future of automobiles.

Volvo Cars to embrace Nvidia chips and megacastings for future EVs

Swedish automaker Volvo Cars has reported a substantial increase in second-quarter operating earnings, showcasing its resilience in an automotive industry currently facing a downturn in the electric vehicle (EV) market. The company's operating income for the quarter reached 8.0 billion Swedish crowns, significantly higher than the 5 billion crowns reported in the same period last year. This performance also exceeded analysts' expectations, which had forecasted 6.7 billion crowns, according to a poll by LSEG.

Breakdown of Operating Income

Volvo Cars' operating income, including the impact of its stake in the loss-making Polestar, amounted to 8.0 billion Swedish crowns. However, when excluding joint ventures and associates, the automaker's operating income rose to 8.2 billion Swedish crowns, compared to 6.4 billion crowns a year ago. This robust financial performance highlights Volvo's ability to navigate through industry challenges and deliver strong results.

Strong Financial Management

The impressive earnings report underscores Volvo Cars' effective financial management and strategic initiatives. Despite the weak EV market, the company has managed to improve its profitability, reflecting its robust business model and operational efficiency. This financial strength positions Volvo well to continue its investments in innovation and expansion, particularly in the electric vehicle segment.

Challenges in the EV Market

The broader EV market has been experiencing a slowdown, with many automakers struggling to maintain growth momentum. Factors such as supply chain disruptions, rising material costs, and fluctuating government incentives have contributed to this challenging environment. Despite these hurdles, Volvo Cars has managed to not only sustain but also grow its operating income, setting a positive example for the industry.

Strategic Focus on Innovation

Volvo Cars' success can be attributed to its strategic focus on innovation and sustainability. The company has been investing heavily in electric and autonomous vehicle technologies, aiming to become a leader in the future of mobility. This forward-thinking approach has enabled Volvo to stay ahead of the competition and deliver consistent financial performance, even in a challenging market.

Contribution of Polestar

Volvo Cars' stake in Polestar, the performance electric vehicle brand, has had a mixed impact on its financial results. While Polestar has been loss-making, its potential for future growth and innovation cannot be ignored. Volvo's involvement with Polestar represents a long-term investment in the high-performance EV segment, which could yield significant returns as the market evolves.

Diversification and Long-Term Vision

Volvo Cars' involvement with Polestar illustrates its commitment to diversification and a long-term vision. By investing in emerging technologies and brands, Volvo is positioning itself to capitalise on future market opportunities. This strategy not only mitigates risk but also enhances the company's growth potential in the rapidly changing automotive landscape.

Market Response and Future Outlook

The market has responded positively to Volvo Cars' strong earnings report, with analysts recognising the company's robust financial health and strategic direction. Moving forward, Volvo aims to continue its focus on innovation, sustainability, and expansion into new markets. The company's ability to deliver strong financial results amidst market challenges bodes well for its future prospects.

A Testament to Strategic Resilience

Volvo Cars' impressive second-quarter earnings highlight its strategic resilience and operational excellence. Despite a weak EV market, the company has managed to exceed expectations and deliver strong financial performance. This success is a testament to Volvo's effective management, innovative approach, and long-term vision. As the automotive industry continues to evolve, Volvo Cars is well-positioned to lead the way towards a sustainable and technologically advanced future.

Volvo Cars' strong second-quarter earnings demonstrate its ability to navigate industry challenges and capitalise on market opportunities. The company's strategic focus on innovation and sustainability positions it for continued success in the evolving automotive landscape.

(Inputs from Reuters)

Swedish automaker Volvo Cars has reported a substantial increase in second-quarter operating earnings, showcasing its resilience in an automotive industry currently facing a downturn in the electric vehicle (EV) market.

Swedish automaker Volvo Cars has reported a substantial increase in second-quarter operating earnings, showcasing its resilience in an automotive industry currently facing a downturn in the electric vehicle (EV) market. The company's operating income for the quarter reached 8.0 billion Swedish crowns, significantly higher than the 5 billion crowns reported in the same period last year. This performance also exceeded analysts' expectations, which had forecasted 6.7 billion crowns, according to a poll by LSEG. Breakdown of Operating Income Volvo Cars' operating income, including the impact of its stake in the loss-making Polestar, amounted to 8.0 billion Swedish crowns. However, when excluding joint ventures and associates, the automaker's operating income rose to 8.2 billion Swedish crowns, compared to 6.4 billion crowns a year ago. This robust financial performance highlights Volvo's ability to navigate through industry challenges and deliver strong results. Strong Financial Management The impressive earnings report underscores Volvo Cars' effective financial management and strategic initiatives. Despite the weak EV market, the company has managed to improve its profitability, reflecting its robust business model and operational efficiency. This financial strength positions Volvo well to continue its investments in innovation and expansion, particularly in the electric vehicle segment. Challenges in the EV Market The broader EV market has been experiencing a slowdown, with many automakers struggling to maintain growth momentum. Factors such as supply chain disruptions, rising material costs, and fluctuating government incentives have contributed to this challenging environment. Despite these hurdles, Volvo Cars has managed to not only sustain but also grow its operating income, setting a positive example for the industry. Strategic Focus on Innovation Volvo Cars' success can be attributed to its strategic focus on innovation and sustainability. The company has been investing heavily in electric and autonomous vehicle technologies, aiming to become a leader in the future of mobility. This forward-thinking approach has enabled Volvo to stay ahead of the competition and deliver consistent financial performance, even in a challenging market. Contribution of Polestar Volvo Cars' stake in Polestar, the performance electric vehicle brand, has had a mixed impact on its financial results. While Polestar has been loss-making, its potential for future growth and innovation cannot be ignored. Volvo's involvement with Polestar represents a long-term investment in the high-performance EV segment, which could yield significant returns as the market evolves. Diversification and Long-Term Vision Volvo Cars' involvement with Polestar illustrates its commitment to diversification and a long-term vision. By investing in emerging technologies and brands, Volvo is positioning itself to capitalise on future market opportunities. This strategy not only mitigates risk but also enhances the company's growth potential in the rapidly changing automotive landscape. Market Response and Future Outlook The market has responded positively to Volvo Cars' strong earnings report, with analysts recognising the company's robust financial health and strategic direction. Moving forward, Volvo aims to continue its focus on innovation, sustainability, and expansion into new markets. The company's ability to deliver strong financial results amidst market challenges bodes well for its future prospects. A Testament to Strategic Resilience Volvo Cars' impressive second-quarter earnings highlight its strategic resilience and operational excellence. Despite a weak EV market, the company has managed to exceed expectations and deliver strong financial performance. This success is a testament to Volvo's effective management, innovative approach, and long-term vision. As the automotive industry continues to evolve, Volvo Cars is well-positioned to lead the way towards a sustainable and technologically advanced future. Volvo Cars' strong second-quarter earnings demonstrate its ability to navigate industry challenges and capitalise on market opportunities. The company's strategic focus on innovation and sustainability positions it for continued success in the evolving automotive landscape. (Inputs from Reuters)

Volvo Cars surpasses expectations with strong Q2 earnings amidst challenging EV market

Volvo Cars has begun transferring its electric vehicle (EV) production from China to Belgium in anticipation of the European Union's prospective taxes on Beijing-subsidised imports. This strategic move, reported by The Times on Saturday, comes as the EU tightens its examination of subsidies received by Chinese-manufactured electric vehicles.<o:p></o:p>

<h2 class="MsoNormal">Majority-owned by Geely, Volvo prepares for EU crackdown<o:p></o:p></h2>

Volvo, which is majority-owned&nbsp;by China's Geely, has considered stopping sales of Chinese-built EVs to Europe if tariffs were imposed by the EU. According to company insiders, moving production of the EX30 and EX90 models to Belgium will eliminate the need for such dramatic steps. The report clarified that the corporation is no longer considering banning sales of Chinese-made EVs.<o:p></o:p>

<h2 class="MsoNormal">Impact on UK-bound Volvo models<o:p></o:p></h2>

In addition to the adjustments for European automobiles, certain Volvo models slated for the United Kingdom could be moved to Belgium. This step demonstrates Volvo's proactive approach to mitigating any disruptions from EU trade regulations.<o:p></o:p>

<h2 class="MsoNormal">EU's anti-subsidy investigation and broader implications<o:p></o:p></h2>

The European Commission, which oversees trade policy inside the 27-nation EU, initiated an investigation in October last year to investigate if Chinese-made fully electric vehicles received unfair subsidies. This investigation, which can last up to 13 months, permits the implementation of temporary anti-subsidy duties within nine months of its inception.<o:p></o:p>

China-EU relations have become increasingly strained, in part because of China's growing relationship with Russia following the invasion of Ukraine. The EU's probe is part of a larger campaign to reduce reliance on China, particularly for essential resources and products required for the EU's green transition.<o:p></o:p>

(With inputs from Agencies)<o:p></o:p>

Volvo Cars has begun transferring its electric vehicle (EV) production from China to Belgium in anticipation of the European Union's prospective taxes on Beijing-subsidised imports.

Volvo Cars has begun transferring its electric vehicle (EV) production from China to Belgium in anticipation of the European Union's prospective taxes on Beijing-subsidised imports. This strategic move, reported by The Times on Saturday, comes as the EU tightens its examination of subsidies received by Chinese-manufactured electric vehicles. Majority-owned by Geely, Volvo prepares for EU crackdown Volvo, which is majority-owned by China's Geely, has considered stopping sales of Chinese-built EVs to Europe if tariffs were imposed by the EU. According to company insiders, moving production of the EX30 and EX90 models to Belgium will eliminate the need for such dramatic steps. The report clarified that the corporation is no longer considering banning sales of Chinese-made EVs. Impact on UK-bound Volvo models In addition to the adjustments for European automobiles, certain Volvo models slated for the United Kingdom could be moved to Belgium. This step demonstrates Volvo's proactive approach to mitigating any disruptions from EU trade regulations. EU's anti-subsidy investigation and broader implications The European Commission, which oversees trade policy inside the 27-nation EU, initiated an investigation in October last year to investigate if Chinese-made fully electric vehicles received unfair subsidies. This investigation, which can last up to 13 months, permits the implementation of temporary anti-subsidy duties within nine months of its inception. China-EU relations have become increasingly strained, in part because of China's growing relationship with Russia following the invasion of Ukraine. The EU's probe is part of a larger campaign to reduce reliance on China, particularly for essential resources and products required for the EU's green transition. (With inputs from Agencies)

Volvo shifts Chinese EV production to Belgium amid EU tariff concerns

Swedish automaker Volvo Cars reported a rise of 27% in its April sales as compared to a year earlier. Sales stood at 65,838 cars last month, boosted by demand for electric and hybrid vehicles. Volvo Cars, majority-owned by China's Geely Holding witnessed sales of fully electric cars were up 94% and accounted for 26% of all sales globally in the month.

Volvo Cars' biggest market, Europe, saw jump of 65% in sales as compared to the same period last year, reaching 34,238 cars, with the company's fully electric small SUV, EX30, driving sales. In the United States, the company saw sales rise 10%, primarily driven by an 89% increase in plug-in hybrid car sales. Meanwhile, sales in China were down 3% compared to the same period last year.

Also Read:&nbsp;<a href="https://www.wionews.com/business-economy/nio-plans-to-expand-global-presence-with-new-ev-models-718843">Nio plans to expand global presence with new EV models</a>

In a separate development, Volvo Cars has made a strategic investment in UK-based startup Breathe Battery Technologies with an aim to reduce charging time for its next generation of electric vehicles (EVs) by 30%. This move highlights Volvo’s commitment to enhancing the EV ownership experience and addressing consumer concerns over charging convenience.

Volvo Cars Tech Fund, the Swedish automaker’s corporate venture capital arm, facilitated this investment, marking a significant step towards advancing EV technology. Although the exact investment amount remains undisclosed, the company's partnership with Breathe Battery Technologies signals a shared vision for innovation in the EV sector.

With faster charging of EVs, customers will be encouraged to adopt battery-powered vehicles while those who already own EVs will witness a hassle-free ownership experience. Concerns related to charging infrastructure and charging speed is paramount in driving widespread EV adoption.

Apart from reducing EV charging times, Breathe Battery Technologies is also working on enhancing battery durability and performance. Their software solutions, already deployed in Oppo smartphones, aim to extend battery life and optimise performance. With its investment in Breathe Battery Technologies, Volvo Cars' underscores the company’s commitment to innovation and sustainability in the EV market.&nbsp;

Swedish automaker Volvo Cars reported a rise of 27% in its April sales as compared to a year earlier. Sales stood at 65,838 cars last month, boosted by demand for electric and hybrid vehicles.

Swedish automaker Volvo Cars reported a rise of 27% in its April sales as compared to a year earlier. Sales stood at 65,838 cars last month, boosted by demand for electric and hybrid vehicles. Volvo Cars, majority-owned by China's Geely Holding witnessed sales of fully electric cars were up 94% and accounted for 26% of all sales globally in the month. Volvo Cars' biggest market, Europe, saw jump of 65% in sales as compared to the same period last year, reaching 34,238 cars, with the company's fully electric small SUV, EX30, driving sales. In the United States, the company saw sales rise 10%, primarily driven by an 89% increase in plug-in hybrid car sales. Meanwhile, sales in China were down 3% compared to the same period last year. Also Read: Nio plans to expand global presence with new EV models In a separate development, Volvo Cars has made a strategic investment in UK-based startup Breathe Battery Technologies with an aim to reduce charging time for its next generation of electric vehicles (EVs) by 30%. This move highlights Volvo’s commitment to enhancing the EV ownership experience and addressing consumer concerns over charging convenience. Volvo Cars Tech Fund, the Swedish automaker’s corporate venture capital arm, facilitated this investment, marking a significant step towards advancing EV technology. Although the exact investment amount remains undisclosed, the company's partnership with Breathe Battery Technologies signals a shared vision for innovation in the EV sector. With faster charging of EVs, customers will be encouraged to adopt battery-powered vehicles while those who already own EVs will witness a hassle-free ownership experience. Concerns related to charging infrastructure and charging speed is paramount in driving widespread EV adoption. Apart from reducing EV charging times, Breathe Battery Technologies is also working on enhancing battery durability and performance. Their software solutions, already deployed in Oppo smartphones, aim to extend battery life and optimise performance. With its investment in Breathe Battery Technologies, Volvo Cars' underscores the company’s commitment to innovation and sustainability in the EV market.

Volvo Cars reports rise in April sales buoyed by EV demand

<a href="https://www.wionews.com/world/ride-hailing-drivers-in-new-york-to-strike-ahead-of-uber-ipo-216037">Uber Technologies Inc </a>on Wednesday will unveil its newest Volvo self-driving car in Washington as it works to eventually deploy vehicles without drivers under some limited conditions.

Uber said the new production XC90 will be assembled by Volvo Cars in Sweden and have human controls like steering wheels and brake pedals, but added it has factory-installed steering and braking systems designed for computer rather than human control.

Previously, Uber had purchased about 250 Volvo XC90 SUVs and retrofitted them for self-driving use.

The new vehicles - known by the internal code number 519G and under development for several years - are safer, more reliable and will "soon" replace the older vehicles in Uber's fleet, said Eric Meyhofer, the head of Uber's Advanced Technologies Group.

"This is about going to production," said Meyhofer in an interview at an Uber conference in Washington Tuesday.

The new vehicle also has several back-up systems for both steering and braking functions as well as battery back-up power and new cybersecurity systems.

Uber is not ready to deploy vehicles without human controls, Meyhofer said.

"We're still in a real hybrid state," Meyhofer said. "We have to get there and we're not going to get to thousands of cars in a city overnight. It's going to be a slower introduction."

The new XC90 vehicles have an interior fish-eye camera to scan for lost items, Uber said. They also do not have sunroofs since the self-driving vehicles have large sensors on the roof and are equipped with auto-close doors to prevent an unsafe departure.

Uber, which has taken delivery of about a dozen prototypes of the new vehicle but has not yet deployed them on public roads, said the car's "self-driving system will one day allow for safe, reliable autonomous ridesharing without the need" for a safe driver.

Asked if Uber will deploy self-driving cars without safety drivers in limited areas in the next few years, Meyhofer said, "yes - way before that." But he added that Uber wants to be in "the good graces of public trust and regulatory trust" before making the business decision to deploy.

In December, Uber resumed limited self-driving car testing on public roads in Pittsburgh, nine months after it suspended the program following a deadly accident in Arizona.

In March 2018, authorities in Arizona suspended Uber's ability to test its self-driving cars after one of its XC90 cars hit and killed a woman crossing the street at night in the Phoenix suburb of Tempe, Uber's largest testing hub. The crash was the first death attributed to a self-driving vehicle.

In March 2019, prosecutors in Arizona said the company was not criminally liable in the self-driving crash and would not pursue charges. Uber ended testing in Arizona but plans to eventually resume testing in Toronto and San Francisco, Meyhofer said.

The death prompted significant safety concerns about the nascent self-driving car industry, which is racing to get vehicles into commercial use.

Volvo Cars Chief Executive Hakan Samuelsson said in a statement that "by the middle of the next decade we expect one-third of all cars we sell to be fully autonomous".

Volvo Cars, which is owned by China's Geely Automobile Holdings Ltd, will use a similar autonomous base vehicle concept for the introduction of its first commercially available autonomous drive technology in the early 2020s.

Volvo and Uber said in 2017 that the rideshare company planned to buy up to 24,000 self-driving cars from Volvo from 2019 to 2021 using the self-driving system developed by Uber's Advanced Technologies Group. An Uber spokeswoman said Tuesday that the company plans "to work with Volvo on tens of thousands of vehicles in the future."

Other companies are also working to deploy self-driving vehicles in limited areas.

General Motors Co in January 2018 sought permission from US regulators to deploy a ride-sharing fleet of driverless cars without steering wheels or other human controls before the end of 2019 but is still struggling to win regulatory approval. Alphabet Inc's Waymo unit is operating a robotaxi service in Arizona and said last month it is partnering with Lyft Inc to serve more riders.

Uber Technologies Inc on Wednesday will unveil its newest Volvo self-driving car in Washington as it works to eventually deploy vehicles without drivers under some limited conditions.

Uber Technologies Inc on Wednesday will unveil its newest Volvo self-driving car in Washington as it works to eventually deploy vehicles without drivers under some limited conditions. Uber said the new production XC90 will be assembled by Volvo Cars in Sweden and have human controls like steering wheels and brake pedals, but added it has factory-installed steering and braking systems designed for computer rather than human control. Previously, Uber had purchased about 250 Volvo XC90 SUVs and retrofitted them for self-driving use. The new vehicles - known by the internal code number 519G and under development for several years - are safer, more reliable and will "soon" replace the older vehicles in Uber's fleet, said Eric Meyhofer, the head of Uber's Advanced Technologies Group. "This is about going to production," said Meyhofer in an interview at an Uber conference in Washington Tuesday. The new vehicle also has several back-up systems for both steering and braking functions as well as battery back-up power and new cybersecurity systems. Uber is not ready to deploy vehicles without human controls, Meyhofer said. "We're still in a real hybrid state," Meyhofer said. "We have to get there and we're not going to get to thousands of cars in a city overnight. It's going to be a slower introduction." The new XC90 vehicles have an interior fish-eye camera to scan for lost items, Uber said. They also do not have sunroofs since the self-driving vehicles have large sensors on the roof and are equipped with auto-close doors to prevent an unsafe departure. Uber, which has taken delivery of about a dozen prototypes of the new vehicle but has not yet deployed them on public roads, said the car's "self-driving system will one day allow for safe, reliable autonomous ridesharing without the need" for a safe driver. Asked if Uber will deploy self-driving cars without safety drivers in limited areas in the next few years, Meyhofer said, "yes - way before that." But he added that Uber wants to be in "the good graces of public trust and regulatory trust" before making the business decision to deploy. In December, Uber resumed limited self-driving car testing on public roads in Pittsburgh, nine months after it suspended the program following a deadly accident in Arizona. In March 2018, authorities in Arizona suspended Uber's ability to test its self-driving cars after one of its XC90 cars hit and killed a woman crossing the street at night in the Phoenix suburb of Tempe, Uber's largest testing hub. The crash was the first death attributed to a self-driving vehicle. In March 2019, prosecutors in Arizona said the company was not criminally liable in the self-driving crash and would not pursue charges. Uber ended testing in Arizona but plans to eventually resume testing in Toronto and San Francisco, Meyhofer said. The death prompted significant safety concerns about the nascent self-driving car industry, which is racing to get vehicles into commercial use. Volvo Cars Chief Executive Hakan Samuelsson said in a statement that "by the middle of the next decade we expect one-third of all cars we sell to be fully autonomous". Volvo Cars, which is owned by China's Geely Automobile Holdings Ltd, will use a similar autonomous base vehicle concept for the introduction of its first commercially available autonomous drive technology in the early 2020s. Volvo and Uber said in 2017 that the rideshare company planned to buy up to 24,000 self-driving cars from Volvo from 2019 to 2021 using the self-driving system developed by Uber's Advanced Technologies Group. An Uber spokeswoman said Tuesday that the company plans "to work with Volvo on tens of thousands of vehicles in the future." Other companies are also working to deploy self-driving vehicles in limited areas. General Motors Co in January 2018 sought permission from US regulators to deploy a ride-sharing fleet of driverless cars without steering wheels or other human controls before the end of 2019 but is still struggling to win regulatory approval. Alphabet Inc's Waymo unit is operating a robotaxi service in Arizona and said last month it is partnering with Lyft Inc to serve more riders.

Uber to unveil next-generation Volvo self-driving car

Listen to these pundits. Apparently, earlier we were living in some kind of a truth-utopia. There was free flow of information based on truth and facts. We were living in a free and democratic society.&nbsp;

Today we are living in a post-truth era where <a href="https://www.theguardian.com/media/2016/jul/12/how-technology-disrupted-the-truth">&#39;technology has disrupted truth&#39; </a>(The Guardian, 12 July 2016). They point to Facebook&#39;s newsfeed: any critical counter-facts are expunged and we get only what we want to hear or believe in. You end up living in your self-validating bubble, since counter-facts are filtered out. They call this a &#39;filter bubble&#39;. Apparently, all of the internet and media, academia and FM radio, are like this today.&nbsp;

How is life in this (filter) bubble? Well, like a rock falling straight down to the bottom of the ocean, you will, without these critical counter-facts, fall straight into the hands, the cold embrace, of dictators and fascists! Welcome to post-truth society!&nbsp;

<div class="ui-state-default" contenteditable="false">
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<div class="col-sm-10 col-sm-offset-1 blockquote-content quoteshare">
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<h5>It is like you are hearing the story as already the collective voice of the nation, not the reportage of that news channel</h5>
</blockquote>
</div>

<div class="col-sm-1 blockquote-content">
<div class="share-blockquote"><a class="twitter popup" href="http://twitter.com/intent/tweet?text=It is like you are hearing the story as already the collective voice of the nation, not the reportage of that news channel" target="_blank">&nbsp;</a></div>
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&nbsp;

These days I hear a new addition to this post-truth apparatus: immersive TV. But let us immerse, I say. It won&#39;t be an immersion into a beautiful, paradisiacal French &#39;reverie&#39; - but still. Are you, after knowing about things like the filter bubble, scared to immerse? Are you scared to immerse in a way that you will soon lose sense of what is a fact and what is not? Do you dare? Each story will have an &#39;impact&#39;. The number of tweets and retweets on the story are flashed in bold even as the story is just reaching you - it is like you are hearing the story as already the collective voice of the nation, not the reportage of that news channel. Hence you better just believe in it, or else you will be left out in the cold!&nbsp;

You better act, and yell, as though you actually believe in it. It is retroactive: since you start acting as though you believe in it, you must actually be believing in it. If you kneel down in church and say your prayers everyday then you must be truly &#39;believing&#39;, you must be a &#39;believer&#39;. So long as you carry out these ritual practices and karamkand, whether or not you actually &#39;believe&#39; is a futile question. &nbsp;

Do the stone-pelters in Kashmir actually believe in azadi? What explains the fact that the very next day some of them would be lining up to join the police, the same police whom they are pelting stones at? I mean, as long as you are pelting stones at the right target, that is fine, the pelters are &#39;genuine&#39;. The thing must be looked at in momentary and ephemeral terms. So long as you are howling against the &#39;azadi brigade&#39;, or calling for the murder of more Pehlu Khans and trolling Gurmehar Kaur - that is good enough. You might be a &#39;bad Hindu&#39; but so long as you participate in trolling &#39;Pakistani agents&#39; and tweet your love for the Indian army, you are a votary of &#39;Hindu rashtra&#39;, or of a &#39;strong India&#39;. After a long day&#39;s work, you want to shoot down a few of those &#39;anti-nationals&#39; because of whom your life is shitty, or miserable, even though you are &#39;a rich and successful man&#39;!&nbsp;

&nbsp;

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<h5>Trump is then not lying or misleading when he utters what are factually untrue things - he is just bullshitting</h5>
</blockquote>
</div>

<div class="col-sm-1 blockquote-content">
<div class="share-blockquote"><a class="twitter popup" href="http://twitter.com/intent/tweet?text= Trump is then not lying or misleading when he utters what are factually untrue things - he is just bullshitting" target="_blank">&nbsp;</a></div>
</div>
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&nbsp;

So does Trump actually believe that Mexicans are rapists? Does he actually believe that Muslims are terrorists? He has a lot of investment in Muslim countries, and he hangs out with very &#39;peaceful&#39;, business-minded filthy-rich Arab sheikhs. Trump is then not lying or misleading when he utters what are factually untrue things - he is just bullshitting, as we know from reading Harry Frankfurt, the writer of the 1986 essay On Bullshit. Just see how Trump another moment can say just the opposite. No fidelity to the lie. Lying means concealing the truth - Trump might simply not &#39;know&#39; or care about the truth. &nbsp;

Lying would be more like what Congress leaders involved in the 1984 Sikh riots or BJP leaders involved in riots would be doing. That explains why they speak in measured, restrained terms, as Modi does, while someone like Trump is babbling away.&nbsp;

There is no prior belief in anything, any kind of fidelity to reality, necessary. This means the kneeling down and saying the prayers is enough: the question of real belief in God is redundant. Such is the teaching of Louis Althusser the French theorist: you do not need to believe in capitalism for capitalism to be able to reproduce itself with your full cooperation. You are free to be a diehard cynic. Do not believe in anything - just keep bullshitting.&nbsp;

So: the pundits have no clue. Life is fun inside the filter bubble. Life is exciting inside the &#39;troll cesspool&#39; - and busy, as you have to keep repeating the rituals of collective howling, racist abuses, stereotypes, sexual innuendoes, nationalist hyperventilation and so on. This is how the dominant narrative is set - &#39;narrative&#39; sounds too decent a word here. And this narrative (or hollering) is so set that no amount of counter-facts or &#39;the truth&#39; can expose it. For, the lying being mostly bullshitting was not based on denial of truth in the first place. Truth is not a casualty, truth is simply not a critical idea here. &nbsp;

Truth is irrelevant. Just as you couldn&#39;t defeat Trump with Hillary Clinton, or the BJP with Congress, since they were actually not lesser but perhaps the bigger evil, similarly you cannot counter this post-truth rush to the gutter by resort to truth. Those like Trump and Modi thrive in spite of all kinds of fact-checker media publications, like&nbsp;<a href="https://www.washingtonpost.com/news/the-fix/wp/2016/12/16/now-you-can-fact-check-trumps-tweets-in-the-tweets-themselves/?utm_term=.d82d366b9d7b">The Washington Post&#39;s fact-checker on Trump&#39;s tweets</a>.&nbsp;

Truth is lifeless and asinine in the hands of the so-called progressive media. Truth is a vested interest, creating the illusion of a pre-post truth free society. Truth is not just dead, you don&#39;t want it back.&nbsp;

&nbsp;

Volvo Cars will be working together with Volvo Group in India, using the truck maker's infrastructure and production licences

Listen to these pundits. Apparently, earlier we were living in some kind of a truth-utopia. There was free flow of information based on truth and facts. We were living in a free and democratic society. Today we are living in a post-truth era where 'technology has disrupted truth' (The Guardian, 12 July 2016). They point to Facebook's newsfeed: any critical counter-facts are expunged and we get only what we want to hear or believe in. You end up living in your self-validating bubble, since counter-facts are filtered out. They call this a 'filter bubble'. Apparently, all of the internet and media, academia and FM radio, are like this today. How is life in this (filter) bubble? Well, like a rock falling straight down to the bottom of the ocean, you will, without these critical counter-facts, fall straight into the hands, the cold embrace, of dictators and fascists! Welcome to post-truth society! It is like you are hearing the story as already the collective voice of the nation, not the reportage of that news channel × These days I hear a new addition to this post-truth apparatus: immersive TV. But let us immerse, I say. It won't be an immersion into a beautiful, paradisiacal French 'reverie' - but still. Are you, after knowing about things like the filter bubble, scared to immerse? Are you scared to immerse in a way that you will soon lose sense of what is a fact and what is not? Do you dare? Each story will have an 'impact'. The number of tweets and retweets on the story are flashed in bold even as the story is just reaching you - it is like you are hearing the story as already the collective voice of the nation, not the reportage of that news channel. Hence you better just believe in it, or else you will be left out in the cold! You better act, and yell, as though you actually believe in it. It is retroactive: since you start acting as though you believe in it, you must actually be believing in it. If you kneel down in church and say your prayers everyday then you must be truly 'believing', you must be a 'believer'. So long as you carry out these ritual practices and karamkand, whether or not you actually 'believe' is a futile question. Do the stone-pelters in Kashmir actually believe in azadi? What explains the fact that the very next day some of them would be lining up to join the police, the same police whom they are pelting stones at? I mean, as long as you are pelting stones at the right target, that is fine, the pelters are 'genuine'. The thing must be looked at in momentary and ephemeral terms. So long as you are howling against the 'azadi brigade', or calling for the murder of more Pehlu Khans and trolling Gurmehar Kaur - that is good enough. You might be a 'bad Hindu' but so long as you participate in trolling 'Pakistani agents' and tweet your love for the Indian army, you are a votary of 'Hindu rashtra', or of a 'strong India'. After a long day's work, you want to shoot down a few of those 'anti-nationals' because of whom your life is shitty, or miserable, even though you are 'a rich and successful man'! Trump is then not lying or misleading when he utters what are factually untrue things - he is just bullshitting × So does Trump actually believe that Mexicans are rapists? Does he actually believe that Muslims are terrorists? He has a lot of investment in Muslim countries, and he hangs out with very 'peaceful', business-minded filthy-rich Arab sheikhs. Trump is then not lying or misleading when he utters what are factually untrue things - he is just bullshitting, as we know from reading Harry Frankfurt, the writer of the 1986 essay On Bullshit. Just see how Trump another moment can say just the opposite. No fidelity to the lie. Lying means concealing the truth - Trump might simply not 'know' or care about the truth. Lying would be more like what Congress leaders involved in the 1984 Sikh riots or BJP leaders involved in riots would be doing. That explains why they speak in measured, restrained terms, as Modi does, while someone like Trump is babbling away. There is no prior belief in anything, any kind of fidelity to reality, necessary. This means the kneeling down and saying the prayers is enough: the question of real belief in God is redundant. Such is the teaching of Louis Althusser the French theorist: you do not need to believe in capitalism for capitalism to be able to reproduce itself with your full cooperation. You are free to be a diehard cynic. Do not believe in anything - just keep bullshitting. So: the pundits have no clue. Life is fun inside the filter bubble. Life is exciting inside the 'troll cesspool' - and busy, as you have to keep repeating the rituals of collective howling, racist abuses, stereotypes, sexual innuendoes, nationalist hyperventilation and so on. This is how the dominant narrative is set - 'narrative' sounds too decent a word here. And this narrative (or hollering) is so set that no amount of counter-facts or 'the truth' can expose it. For, the lying being mostly bullshitting was not based on denial of truth in the first place. Truth is not a casualty, truth is simply not a critical idea here. Truth is irrelevant. Just as you couldn't defeat Trump with Hillary Clinton, or the BJP with Congress, since they were actually not lesser but perhaps the bigger evil, similarly you cannot counter this post-truth rush to the gutter by resort to truth. Those like Trump and Modi thrive in spite of all kinds of fact-checker media publications, like The Washington Post's fact-checker on Trump's tweets. Truth is lifeless and asinine in the hands of the so-called progressive media. Truth is a vested interest, creating the illusion of a pre-post truth free society. Truth is not just dead, you don't want it back.

Volvo Cars to start vehicle assembly operations in India this year

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