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Volvo Is Ready to Help Geely Build Cars in Europe, CEO Says

Volvo Car AB is willing to give Geely access to its European factories so the Chinese parent can build cars in the region, Chief Executive Officer Hakan Samuelsson said.

A Volvo badge sits on the wheel hub of a vehicle in Stockholm, Sweden, on Thursday, May 12, 2011. Volvo Car Corp., the Swedish automaker acquired by China's Zhejiang Geely Holding Group Co., said first-quarter operating profit jumped 78 percent as the company delivered more vehicles and scaled back spending. Photographer: Casper Hedberg
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EV Sales Growth Is Slowing. Are Hybrids the Solution?

A global shift toward zero-emission vehicles is taking longer than expected, complicating efforts to decarbonize road transport and alleviate urban pollution. The car industry is pushing a stopgap solution: hybrid vehicles that combine a traditional internal combustion engine with batteries and electric motors.

The first-generation Toyota Prius hybrid, in 1997.
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