An employee moves a completed automobile engine by gantry crane at the Volvo Cars plant in Torslanda, Sweden, on Thursday, Aug. 22, 2013. Volvo Cars Chief Executive Officer Hakan Samuelsson will settle a German investigation into corruption BLOOMBERG NEWSVolvo Cars and its parent, Geely, will combine internal combustion and hybrid engine operations to save money in order to comply with stricter emission standards. The agreement enables Volvo Cars to concentrate on development of its all-electric vehicles. The other half will come from gas-electric hybrids and internal combustion engine models supplied by this new business with Geely. Volvo Cars will start production next year of its first battery-only car, a version of its XC40 compact crossover.

Source: Forbes October 07, 2019 14:48 UTC