Volvo Car Corp. says the hybrid-electric vehicle market in Europe is poised for growth, and its recent SK10 billion ($1.39 billion) investment toward environmental engineering research will give it a competitive advantage as that demand expands. “We don’t offer any hybrids on Volvo cars, and the hybrid market is not big (in Europe),” a Volvo spokesman says. “(But) we think it will grow…fairly long-term.” In a linked announcement, parent Ford Motor Co. says it will establish an HEV ...
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