Volvo and Geely decide to merge their engine divisions
Håkan Samuelsson, CEO of Volvo, said that the head office and Geely's China division will merge their engine departments to work more efficiently. The companies intend to continue to develop modern internal combustion engines, although Volvo itself intends to reduce their use in passenger vehicles to zero percent.
The merger will reduce development costs, as well as concentrate the efforts of engineers from both companies in one place. At the same time, the engine department will become a separate type of business for Volvo, which already has many divisions and departments.
The main focus of the new department will be centered around the development of internal combustion engines operating in hybrid power plants. Cars with a mixed drive type have been in high demand in recent years, as they combine the advantages of both classic cars and modern electric vehicles.
Volvo looks to the future with confidence and continues to work on the future of electric vehicles. Perhaps thanks to her efforts, internal combustion engines will go down in history as steam engines and a harnessed three.