SOFTWARE DEVELOPMENT DELAYS NEW VOLVO
Volvo Car AB will delay the production start of its electric
flagship SUV because the company needs more time for software
development and testing. Output of the EX90 is now expected to
begin in the first half of 2024, Volvo said Thursday. The
Sweden-based carmaker had previously said the car would start
rolling off the line in the fourth quarter of 2023. The shares fell
as much as 6.4% following the news.
Source: Bloomberg News
MAZDA RACES TO FEED U.S. DEMAND FOR CX-90 - LOOMING SHIPPING
SHORTAGE
Export-dependent Mazda Motor Corp. expects a big surge in U.S.
sales this year. That is, if it can secure enough car carriers to
transport its popular product from Japan. A global shipping
shortage is causing the Hiroshima-based automaker to scramble to
secure enough sea transport to feed soaring demand for Mazda
vehicles, especially its crossovers. Mazda expects wholesale
deliveries to jump 13 percent, or by 140,000 units, in
