The Trump administration reached an agreement with Volvo Car AB that will allow the automaker to avoid a US ban on connected vehicles tied to China.

The company is doubling down on making EVs greener.

Climate ambition may be cooling, but regulations still require companies to measure and disclose emissions.

Volvo Car AB is willing to give Geely access to its European factories so the Chinese parent can build cars in the region, Chief Executive Officer Hakan Samuelsson said.

Volvo Car AB said the war in Iran hurt US demand in the first quarter, offering one of the clearest signs yet that the conflict is starting to dent sales as higher fuel prices curb spending.

Volvo Car AB should start producing its Chinese sister brand’s models at its factories as the auto industry grapples with overcapacity, according to its billionaire owner Li Shufu.

Tesla Inc. and brands controlled by Zhejiang Geely Holding Group Co. will likely be the first beneficiaries of Canada’s move to slash import tariffs on made-in-China electric vehicles.

Luminar Technologies Inc, which manufactures laser-based sensors for cars, filed for bankruptcy shortly after it lost a contract with Swedish carmaker Volvo Car AB.