Volvo profitability forum targets $50 million in savings
AUTOMOTIVE NEWS: Volvo wants 1 million electric vehicles on the road by 2025. How do you feel about that goal?
MATTHEW HAIKEN: It’s a bold statement that got everybody’s attention. As soon as they made it, my phone rang off the hook from consumers and bankers asking what does this mean. It’s a slow transition. What it means is, in the U.S., we’re going to see battery-electric vehicles, plug-ins, hybrids. But Volvo’s a global brand, and right now, in Europe, they need electrification to offset their diesel strategy because of everything that went on with dieselgate.
