http://profitabletradingtips.com/profitable-trading-tips/is-volvo-leaping-into-the-future-or-jumping-off-a-cliff
Is Volvo Leaping into the Future or Jumping off a Cliff?
Volvo is going to phase out conventional engines and move to electric and hybrid. This starts in the 2019 model year. Is Volvo leaping into the future or jumping off a cliff? the new york times writes about what Volvo plans to do.
volvo cars became the first mainstream automaker to sound the death knell of the internal combustion engine, saying on wednesday that all the models it introduces from 2019 will be either hybrids or powered solely by batteries.
the decision is the boldest commitment by any major car company to technologies that currently represent a small share of the total vehicle market, but that are increasingly viewed as essential to combating climate change and urban pollution.
while most major automakers offer hybrids and battery-powered options, none of them have been willing to forsake cars powered solely by gasoline or diesel fuel. on the contrary, united states automakers have continued to churn out s.u.v.s and pickup trucks, whose sales have surged because of relatively low fuel prices.
When we wrote about Tesla going to mass production on our sister site, profitableinvestingtips.com, we noted that a car maker needs to make money to stay in business and in the case of Volvo forsaking long term gasoline engine users could come with a cost.
a lot of quality car companies have gone away over the years. to profit in the auto industry you need to keep producing excitement, quality, competitive price and volume as needed. you need to avoid labor issues as well.
And if your customers want a cheaper car that burns gasoline you may be hurting yourself by going to electric and hybrid. Volvo is owned by a Chinese company, Zhejiang Geely Holding Group so you cannot buy or sell this stock but you can watch to see if Volvo is leaping into the future or jumping off a cliff in its move to electric.
4. http://profitabletradingtips.com/profitable-trading-tips/is-volvo-leaping-into-the-future-or-jumping-off-a-cliff
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