Geely also controls Volvo's breakaway performance vehicle brand, Polestar, Lynk&Co and black taxi maker LEVC - all of which are pioneering EV technology and new sales and ownership models.
That means the S60 will only be available with petrol and hybrid units from launch, with all-electric models to follow in the near-future.
Nothing was mentioned about Volvo's plans with regard to the medium form of electrification - hybrid powertrains (HEVs) with a high-voltage battery that can not be charged externally, like Toyota's and Lexus' Hybrid Synergy Drive.
Today Volvo chief executive Hakan Samuelsson will tell the Financial Times' Future of the Car Summit, in London, that diesel will no longer feature in its product plans in a strategy which will get underway with the new S60 saloon. "We will phase out cars with only an internal combustion engine, with [gasoline] hybrid versions as a transitional option as we move towards full electrification". "The new S60 represents the next step in that commitment", he has said.
It will initially be available with a range of four-cylinder Drive-E petrol engines as well as with two petrol plug-in hybrid versions.
Samuelsson went on to explain that Volvo now feels that hybrid, mild-hybrid, and plugin-hybrid technology have overtaken diesel not just in terms of reducing emissions, but also now in terms of cost, both at the time of vehicle development, and when that vehicle is subsequently in use.
The new car's global production base will be in Charleston, South Carolina. The Charleston plant will be the only manufacturing location for the new S60, meaning American-built S60s will be sold in the USA market as well as overseas through exports. So your next S60 saloon will not only be missing a diesel, but made Stateside, too.
President Donald Trump on the move to relocate his country's embassy in Israel to Jerusalem, calling it a "big mistake". It was reported that when Leila began crying her uncle took her towards the protest area in order to locate his sister.
Seekingalpha.com's article titled: " Rite Aid: Just Vote "NO" and published on April 30, 2018 is yet another important article. Finally, Zacks Investment Research cut Rite Aid from a "buy" rating to a "hold" rating in a report on Friday, April 13th.
It just doesn't even bear having the conversation, so enough already with the strong women, please", Clarke added. But by "continuing to apply gentle pressure" women can prevent the movement losing momentum, she said.
"The development of Metro Exodus is progressing well; we are all really excited by what we are seeing, said 4A Games". If you had to ask me for the one I was looking most forward to, it would be Metro: Exodus .
While several states have significant casino industries, most have not previously been allowed to legalise bookmaking. It is backed by the likes of Kohlberg Kravis Roberts, Google Capital and NBC Sports Ventures.
Piscotty, batting eighth, hit a home run Tuesday night in his first at-bat since his mother's funeral. Stephen Piscotty put his hand to his heart and crossed home plate, looking up at his mom in heaven.
No matter what you say, if there's anyone who deserves to be called a fashionista, it has to be Sonam Kapoor . Tuesday also saw Pakistani actor Mahira Khan display her charm and fashion sense at the festival.
Huge players, bigger than me, and the club has moved on and still been successful. That is, for sure, the best way to describe Michael in just one word.
Man killed in Danbury during severe storm
Shortly after, the airport said that flight operations are attempting to return to normal, but there are now a few delays. Boughton said school is canceled for Wednesday, and that a little bit over 25 to 30 percent of the city is without power.
Honda launches new Amaze at Rs 560000
Interestingly though, the diesel CVT - at 79bhp and 160Nm - is less powerful than the diesel manual, that pumps 99bhp and 200Nm. The new Amaze will be competing with the likes of Maruti Suzuki's Dzire , Ford's Aspire and Hyundai Motor's Xcent.
North Korea Will Join Efforts for Total Ban on Nuclear Tests
North Korea's ambassador to the Conference on Disarmament says his country wants to join worldwide efforts to ban nuclear tests. North Korea last conducted a weapons test past year , and intends to dismantle its only test site later this month.
Analysts Recommendations American Airlines Group Inc. (AAL)
American Airlines Group Inc., through its subsidiaries, operates as a network air carrier.The firm is worth $19.94 billion. This number is calculated by dividing net income after tax by the company's total assets. (NASDAQ:AAL) for 47,602 shares.
Nokia to take wraps off its X6 smartphone today
It might be powered by the Qualcomm Snapdragon 636 processor paired with 4GB RAM and 64GB internal storage. Now, the latest leak gives us a hint about the pricing and design of the Nokia X6 ahead of the launch.
NZ's a2 Milk dashes revenue hopes, shares drop 20 pct
A2 Milk believes that the A2 beta-casein protein milk is better for people, particularly those who have trouble digesting milk. A2 Milk previously forecast marketing spend for the full year to be in the range of $NZ61 million to $NZ65 million.
Markle's half-sister says father under 'unbelievable' stress
The 53-year-old TV host says after their meet up, she went out to a club and met Prince Harry and that's when everything changed. The shock announcement prompted Kensington Palace to issue a statement, as the Royals scramble to prepare for the big day.
Eden Hazard: I'll stay if Chelsea sign new stars
You never know what's happening. "We are Chelsea and we need a trophy at the end of the season, and at the moment we are nothing". Hazard, who signed from Lille for £32million in 2012, has won everything at the club apart from the Champions League and FA Cup .