Volvo

Volvo reverses goal to make only EVs in 2030

Volvo announced that it is moving away from its goal of making only electric vehicles by 2030 and is now aiming for 90% to 100% of its vehicles to be fully electric EVs plus hybrids.

Volvo, Daimler Truck suspend business in Russia

Volvo and Daimler Truck have suspended some operations in Russia in the wake of the invasion of Ukraine. Volvo is no longer shipping cars to Russia and Daimler Truck parent Mercedes-Benz is looking for ways to divest from investments in the country.