Volvo CEO says focussed on electrification, automation regardless of IPO

LONDON: Volvo is operative on how to accommodate a hurdles of foundation and self-driving cars and has a supports to do so regardless of either a organisation launches a batch marketplace flotation, a trainer pronounced on Wednesday.

“We need to residence these issues with foundation and programmed drive,” Hakan Samuelsson pronounced during a discussion in London on Wednesday.

“That is a subsequent step and we are doing that. Listed or not listed unequivocally doesn’t change anything for us as a company. We concentration entirely on that and we have a financial resources right now to be means to do that.”

China’s Zhejiang Geely Holding Group, a owners of Volvo Cars, has hired 3 investment banks for an initial open charity (IPO) this year that could value a Swedish carmaker in a extended operation of US$16 billion to US$30 billion, a chairman informed with a matter told Reuters final week.

(Reporting by Costas Pitas, modifying by Sarah Young)

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