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Volvo signals end of combustion engine

by Futures Centre, Jul 6
1 minute read

Volvo, Betting on Electric, Moves to Phase Out Conventional Engines

“Our customers are asking more and more about electric cars,” Hakan Samuelsson, the chief executive of Volvo, said in a telephone interview on Wednesday. While Volvo’s strategy has risks, Mr. Samuelsson acknowledged, “a much bigger risk would be to stick with internal combustion engines.”

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