Volvo abandons its plans for an IPO
Can the Chinese-owned Swedish carmaker adapt to motoring’s likely future?
VOLVO puts safety first. The Swedish carmaker was the first to introduce three-point seat belts in 1959. Its aspiration is that its technology will ensure that no one is killed or seriously injured in any Volvo sold after 2020. Safety issues may also explain the decision on September 10th to shelve long-held plans for an initial public offering, which Volvo had hoped might value the firm at $30bn. At that lofty price it might have struggled to protect investors’ money as conscientiously as it looks after the well-being of passengers.
This article appeared in the Business section of the print edition under the headline “Safe at any Swede”
Business September 15th 2018
- China’s tech founders mostly keep an iron grip over their firms
- AI may not be bad news for workers
- CBS faces up to its #MeToo moment
- Volvo abandons its plans for an IPO
- The FDA moves to harsh the mellow of e-cigarettes
- Tech firms disrupt the property market
- A controversial new copyright law moves a step closer to approval
- America can’t control the global flow of ideas
From the September 15th 2018 edition
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