Safety and Volvo cars go together. But just now, there is a need for speed. Chinese owner Geely is pushing ahead with plans to list the Swedish carmaker and raise $2.8bn in new money.
Billionaire owner Li Shufu does not want to risk global markets or international relations hitting a pothole. Volvo Cars will float on the back of its best-ever first-half results, though September sales fell almost a third because of supply problems.
The carmaker has already had a head start with its electric ambitions. It announced its plans earlier than peers and hopes to achieve them sooner. It expects half of all sales to be electric by 2025. Full electrification is targeted for 2030.
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