Proceeds from the share sale will help Volvo shift to a direct-to-consumer sales and subscription model, while the brand this year also set an ambitious goal to go all electric by 2030.
Apple's iPhone partner Foxconn unveils first EV concepts
The utility vehicle and sedan models are concept vehicles that the manufacturer plans to build for automotive customers rather than sell under its own brand.
Ram heavy-duty diesel trucks probed by NHTSA over fuel pump failures