Volvo, Daimler Truck Launch Vehicle Software Joint Venture
STOCKHOLM–Swedish truck maker Volvo and German peer Daimler Truck DTG -0.44%decrease; red down pointing triangle have launched a new joint venture that will develop a software-based manufacturing platform to build digitized commercial vehicles.
The launch of Coretura follows an agreement last year to move ahead with the project. The formation of the jointly-owned company is headquartered in Gothenburg, Sweden.
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'A lot of them share the same components, parts, boards and antenna hardware,' he said. 'So, you can swap out a couple of things.' In a press release, the Trump Organization said Trump Mobile's products are not 'designed, developed, manufactured, distributed or sold by The Trump Organization or any of their respective affiliates or principals.' Building a phone in the US would be challenging, if not impossible, for a September 2025 launch in part because the US doesn't currently have the necessary fabrication plants, said Ryan Reith, Group Vice President for the International Data Corporation's Worldwide Device Tracker. And many of the components would likely still come from overseas. 'Any phone (that) is going to be sold in September, or shipped in September into the US, the majority of it's not going to be manufactured in the US,' said Reith. 'That's a given.' For example, Trump has pushed for months for Apple to build its signature product, the iPhone, in the United States. But that would mean a massive supply chain shift away from China and India. Nor would it mean just a change in factory resources – those countries also have highly specialized work forces that the US lacks. The result could mean price hikes or design changes for the iPhone, some analysts estimate. Weaver told CNN that sometime within the last year intermediaries working with the Trump Organization had been looking at Purism's phone and speaking to the company about what it takes to make a phone in the United States. Purism makes the $1,999 Liberty Phone, which touts itself as a secure 'Made in America' phone, although even they are forced to source some parts from abroad. 'There are certain areas where you're going to still need to have a global supply chain. One example is a crystal that goes in our GNSS chip or GPS chip. That single crystal is only manufactured in China,' Weaver said. Weaver pointed out the Federal Trade Commission has 'strict guidelines' on claiming an item is 'Made in the USA.' 'I do believe there will be a massive amount of back pedaling that goes on,' Weaver said. 'Just to manufacture a phone in the US with the chip sets you're actually getting, purchase and support with the US supply chain is a massive undertaking, and that's also the reason why we happen to be the only ones doing it.'
