Quote:
Originally Posted by Hersbird
Right, Volvo is doing this because they have nowhere to go at least in the US market but up. They need to find a different niche becuase whatever they are doing or have been doing hasn't been working here for 20 years. They see what Tesla has done in 1/2 that time and think what could have been and maybe could be with them. And they may be right.
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Volvo has been doing very well globally. They have been steady growing from 374K vehicles in 2010 to 705K in 2019.
This move isn't out of desperation. Volvo's major markets of Europe and China are going EV and Volvo is following along.