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Volvo Cars has taken a minority stake in Carwow, the European online car retailer, a Financial Times report said Tuesday April 26 .The Swedish brand is looking at selling half its cars online by 2025, and its Carwow stake will boost Volvos digital sales and appeal on social media. Volvo has currently around 1 in 10 of its new models being sold purely online.The report notes that Ma
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stanley cup learn and accelerate our online transition. It is important to stick out in the world today, Fredin said. We need to adapt the content of what the customers are looking for. Carwow, based in London, is the biggest platform for new car sales in the U.K., Germany and Spain. The company also has a big YouTube following.FT wrote that Volvos other goal is to emulate the success Carwow has had with video. Its YouTube channel gets 70 million views per month with postings on car reviews, drag races and the like.The report says the investment from Volvos tech fund is in the tens of millions of pounds.Carwow was rolled out in 2009, at that time an aggregator of reviews. Since then it has morphed into a sales platform, with a marketplace and the videos.See also: New Volvo CEO: We Need to Better Control Our SoftwarePYMNTS wrote that Volvos new CEO, Jim Rowan, said the company will have to take more control of the software it develops and deploys for vehicles.He said increasing the computing power of cars will reshape the industry in Donh Citi Entangled In Money-Laundering, Fraud Probes
Stocks: You mean they go down, too ! Stocks, and especially marquee department store names,聽slid聽on Thursday in the United States, spurred by dismal results at retailers 鈥?including Macys and Kohls 鈥?and signaling worries over the health of spending at U.S. brick-and-mortar locations.聽Poor consumer spending, said Reuters, may not auger well for the economy on a grander scale.As has been widely reported, Macys stock got slammed by 17 percent, and Kohls dropped by more than 7聽percent.聽Peers such as J.C. Penney were off similarly by 7聽percent. Said Phi
stanley shop l Blancato, CEO Ladenburg Thalmann Asset Management, Its a canary in the coal mine moment. A further tell ca
stanley cup me from the retail sector yet again after hours聽when聽Nordstrom聽joined the ranks of retail firms to report dismal news:聽The firm said that quarterly same-store sales fell even as earnings were above the Street.聽The same-store results showed a drop of 80 basis points, when estimates had called for roughly a 10 point drop.The broader markets were down in sympathy, as the
gourde stanley SP lost 22 basis points to end the session below 2,400.Among the most visible plummeters:聽Shares of Snap Inc., which owns the Snapchat app, were off more than 20 percent, as user growth and revenue growth were both below Street estimates.
