As it turns toward EVs, Volvo spins off internal-combustion engine operations

as-it-turns-toward-evs,-volvo-spins-off-internal-combustion-engine-operations

2021 Volvo XC90 T8 Inscription  -  review update, June 2021With buyers becoming less and less concerned with what’s actually under the hood, Volvo last week agreed to spin off all of its internal-combustion engine operations. Volvo and parent company Geely will form a joint venture under the name Aurobay to oversee all future combustion engine development. Under the deal, the two automakers will transfer…