Volvo will offload its development of internal combustion engines to a new joint project with parent company Geely, the two companies announced Monday, allowing Volvo's in-house propulsion engineers to concentrate exclusively on electric powertrains. While Volvo says it believes ICEs are here to stay for the foreseeable future, it is in the early... Volvo and Geely merging development for engines, still needed in hybrids
Volvo will offload its development of internal combustion engines to a new joint project with parent company Geely, the two companies announced Monday, allowing Volvo's in-house propulsion engineers to concentrate exclusively on electric powertrains. While Volvo says it believes ICEs are here to stay for the foreseeable future, it is in the early...