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Volvo says it will make only electric vehicles by 2030. But if you want one, you'll have to buy it online. The Swedish automaker said Tuesday that it is phasing out the production of all cars with internal combustion engines — including hybrids. "There is no long-term future for cars with an internal combustion engine," said Henrik Green, Volvo's chief technology officer. Volvo's announcement follows General Motors' pledge earlier this year to make only battery-powered vehicles by 2035. ....
With corporate results and updates once again thin on the ground, the focus of Wednesday's trading will be firmly fixed on economic data from the US, amid ongoing speculation regarding the outlook for interest rates. ....
Industry data showed that U.S. car sales were subdued in November, economists said. Sales information from Autodata Corp. showed sales at a seasonally… ....