Volvo
Volvo Issues Warning: LiDAR Beams Can Permanently Damage Phone Sensors; Maintain Safe Distance for Photography
May 26 2025 – A Reddit user, Jeguetelli, recently took to the platform to share an unusual incident involving their iPhone 16 Pro Max and a newly purchased Volvo EX90. According to the post, the car’s built-in LiDAR (Light Detection and Ranging) system emitted a beam that allegedly caused irreversible damage to the phone’s CMOS…
Volvo Unveils $1.9B Cost-Cutting Drive, Shares Slide Nearly 10%
April 30, 2025 – Volvo Cars unveiled a significant cost-reduction initiative on Tuesday, local time, targeting an estimated $1.87 billion in savings, while simultaneously retracting its financial outlook for the upcoming years amid a sharp decline in first-quarter operating profits. The Swedish automaker’s latest financial report revealed a substantial drop in operating profit, plummeting to…