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Volvo Bond Issue Raises $214 Million
Volvo Car Corp. has raised 2 billion kronor ($214 million) in a bond issue to help develop electrified powertrains and autonomous vehicles.
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Volvo Car Corp. has raised 2 billion kronor ($214 million) in a bond issue to help develop electrified powertrains and autonomous vehicles.
The sale comes after the company scrapped plans in November for an initial public offering, citing trade tensions and a “turbulent” equity market.
At the time, CEO Hakan Samuelsson said the company could fund its product and technology development efforts through cash flow. But earlier this month he said outside financing would be necessary.
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