Quote:
Originally Posted by Craig T
I worry a little about Volvo being around for the long haul. They were struggling with sales the last few years and were bought by the Chinese. They announced they will go to an all-electric or hybrid fleet by 2020. Look around for a good Volvo independent in your area. if there is one, I wouldn't worry about it too much. There are enough of them around to warrant mechanics setting up shop.
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I wouldn't worry about Volvo going away any time soon. The purchase by Geely put $11B into the company and now it's doing really well. Geely is just a parent company that doesn't manage Volvo. Volvo being managed in Sweden was part of the deal.
Volvo plans on making gas engines for 18-19 more years, it's just all-new car lines introduced starting in 2019 will be hybrid or all-electric. Three of them will be from Volvo, two from Polestar, which may spin off as some sort of separate franchise. Or not.