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Volvo Aims to Triple Output of Plug-In Hybrids
Volvo Car Corp. hopes to triple the combined production of its four plug-in hybrid models by year-end to meet greater than expected demand.
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Volvo Car Corp. hopes to triple the combined production of its four plug-in hybrid models by year-end to meet greater than expected demand.
Samuelsson says Volvo significantly underestimated demand for plug-in vehicles. He concedes that meeting the new production target will depend on how fast suppliers of batteries, electric motors and related components can ramp up their own output.
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