Going forward, Volvo has stated that all of the vehicles that they produce will be either electric or hybrid electric. This decision may have been caused by the fines that Volvo paid for missing fuel economy targets in the past. Volvo has been producing vehicles powered by a combustion engine for decades, and this marks a big change for the company.
Volvo has also announced plans to introduce self-driving cars. The company has announced that they will collaborate with Uber in order to produce these vehicles. Volvo also recently introduced a vehicle subscription service known as Care by Volvo.
In recent years, Volvo sales have been up globally. The company has found great success with Geely, and it seems likely that Volvo's future ventures will wind up being very successful as well. This Swedish automotive company is worth keeping an eye on.