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Swedish automaker Volvo Cars and its Chinese parent company Geely will merge internal combustion engine (ICE) operations into a stand-alone business. The merged ICE business will combine 3,000 employees from Volvo and 5,000 employees from Geely including R&D, procurement, manufacturing, IT, and finance positions.
The new unit will work on designing new and upgraded ICEs to supply in-house brands such as Lotus, LEVC, Lynk, and Proton. The spinoff will enable Volvo to focus on in-house EV powertrain and platform development without neglecting ICE development, according to Volvo Cars CEO Håkan Samuelsson cited by Transport Topics.
Volvo and Geely are following a growing trend of traditionally insular automakers cooperating to split development costs.
- BMW and Toyota agreed to an ICE-sharing deal. This deal enabled Toyota to forgodeveloping a new ICE for its Supra sports car, and BMW to split the cost to develop the engine, which it used in its Z4 sports car. Consolidating ICE efforts provides greater efficiency and cost savings for a tech that automakers likely don’t see much of a future in. Sales of ICE vehicles are expected to decline after 2030, perBloombergNEF.
- Subaru and Toyota teamed up to jointly develop an electric vehicle (EV) platform.Under their agreement, Subaru and Toyota are jointly developing an EV platform to build SUVs that will be sold under both brands. Joint development allows the companies involved to split manpower and costs while combining their best assets. EV development can be expensive, with automakers already planning to commit around $300 billion to EV development in coming years.
Geely and Volvo have decided to combine combustion engine development, but not EV drivetrain efforts, likely in an effort to build a wider array of EV platforms. The decision to independently pursue EV development enables the two automakers to develop a wide lineup of EV solutions that appeal to their individual core audiences — currently, Volvo is working on an EV SUV, while Geely has announced an EV sedan.
Moreover, separate EV initiatives won’t tie the companies’ development timelines together, so a delay at one company won’t affect the other. Volvo expects that half of its sales will be of fully electric cars by 2025, with the remaining sales being of cars that use hybrid engines. Geely will launch at least 10 fully electric models in multiple segments by 2025 under its Geometry brand. The two companies are doubling down on EV development to capitalize on a growing market for EVs — over 2 million EVs were sold in 2018, and 10 million are expected to be sold in 2025, per BloombergNEF.
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Fans Celebrate #HOV50 and Share Favorite Jay Z Lyrics on Music Mogul’s 50th Birthday
In honor of Jay-Z’s 50th birthday, fans all across the globe flooded social media with warm messages of love and support.The hashtag #HOV50 began to trend early in the morning on Twitter on Wednesday as a result of the many well wishes from the longtime rappers’ fans.Fans opened up on some of their most memorable…
In honor of Jay-Z’s 50th birthday, fans all across the globe flooded social media with warm messages of love and support.
The hashtag #HOV50 began to trend early in the morning on Twitter on Wednesday as a result of the many well wishes from the longtime rappers’ fans.
Fans opened up on some of their most memorable moments involving the music mogul—whose birth name is Shawn Carter but is commonly referred to by fans as Hov, short for Hova. They also posted messages of the many ways Jay-Z has inspired them, including with hundreds of photos, gifs and video clips of him in action.
Many people used the Brooklyn native’s birthday to reflect on his work over the last three decades, listing their favorite albums, songs and guest features from the rapper.
Album rankings weren’t the only way fans recognized Jay-Z on his 50th birthday. Several people took to Twitter to commemorate the award-winning lyricist by sharing their favorite verses ever rapped by him. Classic Jay-Z lines from chart-toppers like “Hard Knock Life,” “Song Cry,” “Say Hello,” and his guest feature on Kanye West’s “Diamonds From Sierra Leone” were spotted on Twitter timelines.
Meanwhile, some fans said they’d celebrate Jay-Z’s birthday by listening to his lengthy discography all day long.
Jay-Z made listening to his catalog a whole lot easier for some of his fans when he re-released his entire catalog of music again on Spotify.
The Roc Nation founder removed much of his work from the platform in April 2017 to the dismay of many loyal listeners just ahead of the release of his latest album, 4:44.
At the time the move seemed like a ploy to get fans to subscribe to TIDAL, the music streaming service he owns and operates. Now, Spotify users will get to listen to all of Jay-Z’s albums and songs ranging from his 1996 debut Reasonable Doubt and so-called career retirement project The Black Album in 2003, his 2011 Watch the Throne collaboration album with West and several other staples.
Since he first emerged on the rap scene in the 1990s, fans have admired and praised Jay-Z for his many punchlines, thought-provoking lyrics and masterful storytelling. A natural wordsmith, he has kept listeners fascinated and moved with his ability to flow over a beat with grace and pizzaz—not to mention the fact that he creates hit after hit without writing his lyrics down.
It’s a long-known fact Jay-Z doesn’t write his albums but rather hits the studio with a few words already in mind before he jumps on a track. That habit sparked a number of younger singers and rappers following in his footsteps by not pre-writing lyrics to their songs.
“It just felt better [the way I do it now],” he said during a 2007 interview with MTV News. “In my mind, I said, ‘OK, I’m gonna sit down and I’m [going to] just write it and really do this thing a certain way.’ But your natural process is your process. It’s difficult to go back to what you was doing when you was 15, 16 years old. My process is different now. It sounds great on paper, like ‘I’m [going to] sit down, I’m going to write the entire album like I did before.’ But once you get back in the studio and you’ve been doing this process for years and years now, so it just felt natural to do it the way I’ve been doing it: no paper, no pen, just listen to the music.”
See more of how fans are celebrating Jay-Z’s birthday below.