The Swedish car giant Volvo is to float in Stockholm this year with an estimated market value of between £15 billion and £20 billion. The proceeds will probably be used to speed up Volvo’s move into electrification. It pledged all its cars will be zero-emission by 2030. Investors in the float will also receive a 50 per cent stake in Polestar, the newly created all-electric upmarket brand being touted as Europe’s rival to Tesla.
Times 13th May 2021 read more »