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AB Volvo : Component Shortages to Hit Volvo Production, Earnings in 2Q

AB Volvo : Component Shortages to Hit Volvo Production, Earnings in 2Q
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Volvo CEO: going all-electric is as vital as focus on safety

Volvo recently announced plans to go all-electric by 2030. CEO Håkan Samuelsson told Insider that sustainability will be as key to his brand as safety. The Swedish automaker is also moving to an online-only sales model.  Swedish automaker Volvo recently announced plans to migrate to pure battery-electric vehicles by 2030, joining a growing list of manufacturers phasing out internal combustion engines. In the process, Volvo also plans to shift to an online-only sales model as new electrified vehicles come to market. The automaker has come a long way in the decade since Ford Motor Co. sold it to China s Zhejiang Geely Holding Group. During much of that time, Volvo was helmed by Håkan Samuelsson, a 70-year-old graduate of the Royal Institute of Technology in Stockholm. Then serving as chief executive of European truck company MAN SE, Samuelsson was hired on as Volvo s CEO in October 2012.

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