Volvo | Common News Update

Volvo is recalling 507,000 cars worldwide after an investigation discovered a faulty engine component which could cause the vehicles to catch fire.The Swedish carmaker, which was bought by the Chinese group Geely in 2010, issued the recall on Monday. More than 69,000 cars in the UK are affected. Volvo said it was contacting all affected customers.According to the company its internal "investigations by Volvo Cars have identified that in very rare cases, the plastic engine intake manifold may melt and deform" causing a risk of fire."In the most extreme cases, there is a possibility that a localised engine bay fire may occur," the company told Sky News. Advertisement According to Bloomberg, a spokesperson for...

Volvo has become the first traditional carmaker to signal the end of the internal combustion engine by saying all its cars will have an electric motor in three years' time.The Chinese-owned firm, best known for its emphasis on driver safety, is not killing petrol and diesel altogether.By 2019 all of its cars will be either all-electric, or hybrids which combine electric and conventional engines.Volvo's move puts pressure on Tesla, the start-up maker of electric cars.On Sunday, it announced that it will start deliveries of its first mass-market car, the Model 3, at the end of the month.Elon Musk, Tesla's founder, said the company was on track to make 200,000 Model 3 cars a month by December.Tesla's market value overtakes FordHis company's rise has upset the traditional power balance of the ...

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Volvo recalling 500,000 cars worldwide over fire risk

Volvo to drop traditional engines