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In the face of competition from upstarts like Tesla Inc., which begins production this week of its new mass-market Model 3 electric battery-powered family car, the Chinese-owned automotive group on Wednesday said all new Volvo models from 2019 would be either fully electric or a hybrid.
https://www.wsj.com/articles/volvo-to-phase-out-conventional-car-engine-1499227202
I don't do much short selling, but this seems like a golden opportunity. Tesla lost $13,000/car according to it's last quarterly report. Investors love Tesla, but for how long with those fundamentals? Neither Tesla nor Volvo are Amazon.
Bold move by Volvo.
I will miss naturally aspirated engines..