#automotive_safety

[phonemantra-blog]

This is supposedly part of the plan Geely sold 100 million of its shares in Volvo, causing share prices to fall 14%, but the Chinese company says the move is part of a long-term plan. The Volvo Cars share price hit a record low on Friday 17 November. At its peak, the Chinese company owned 82% of Volvo. The company says the limited number of public shares has led to price volatility. This is a problem that VinFast also faces, as its owner owns about 99.7% of the company's shares, causing its value to fluctuate wildly. In an attempt to solve this problem, Geely has decided to sell 100 million of its shares in Volvo Cars for $350 million, Reuters reports. Those shares traded at $3.51 on Thursday, which was below the market value of $3.87 at the close of trading. [caption id="attachment_83227" align="aligncenter" width="780"] Volvo[/caption] Geely sold 100 million shares of Volvo, which fell sharply Thanks to this deal, Geely's stake in Volvo Cars was reduced to 78.7%. In a statement, Geely said the move is aimed at "increasing the number of free floats and further expanding its shareholder base." Volvo CEO Jim Rowan also backed the move, saying "increasing our public float and improving trading liquidity will benefit both new and existing investors." Geely has made it clear that it continues to believe in Volvo. “As the majority shareholder, we remain steadfast in our commitment to continue to support Volvo Cars in its transformation into an all-electric vehicle manufacturer, and we look forward to building on this ongoing global success story,” said Daniel Donghway, Chairman of Geely Holding Group. Volvo shares are down 25% since the start of the year. On a positive note, Geely said proceeds from the deal will be used to grow its business.

[phonemantra-blog]

Price starts at $580,000 Concorde has unveiled the luxury motorhome Liner 1090 GIO, which has everything you need for life on the road, as well as a garage for a passenger car. The garage is designed for a car up to 4.3 m long and up to 1.36 m high, which weighs no more than 1400 kg. The manufacturer notes that this is a class of Mazda Miata and other similar cars. [caption id="attachment_79859" align="aligncenter" width="780"] Mercedes-Benz[/caption] The garage is located at the rear of the caravan, which reduces the bedroom space and lowers the ceiling height. The motorhome's "relaxation centre", as Concorde calls it, can fit a double bed. The bathroom has stainless steel fixtures, a cast stone vanity and ample storage space. [caption id="attachment_79860" align="aligncenter" width="780"] Mercedes-Benz[/caption] The Liner 1090 GIO features a U-shaped kitchen between the front living area and the bedroom. There's a refrigerator and pantry on one side, and a sink, countertop, and cooktop on the other. There is also ample storage space above and below the kitchen. [caption id="attachment_79861" align="aligncenter" width="780"] Mercedes-Benz[/caption] Mercedes-Benz chassis, 7.7 l, 12 tons, 1200 Nm, luxurious interior and garage for the car The living room and bedroom are available in a variety of colors, finishes and materials, with two bench seats facing each other and a dining table in the middle. The two front captain's chairs also swivel to increase seating space. The front of the motorhome features a leather-wrapped dashboard and raised seat. [caption id="attachment_79862" align="aligncenter" width="780"] Mercedes-Benz[/caption] [caption id="attachment_79863" align="aligncenter" width="780"] Mercedes-Benz[/caption] [caption id="attachment_79864" align="aligncenter" width="780"] Mercedes-Benz[/caption] The Concorde Liner 1090 GIO is built on a Mercedes-Benz chassis. It is powered by a 7.7-liter inline-six engine that produces 299 hp. and torque 1200 Nm. Its length reaches 11.5 m, its width is 2.5 m, and its weight is more than 12 tons. Price starts at $580,000.