Volvo Cars is investing SEK10billion ($2billion) in environmental research and development over a five-year period with the aim of reducing the fuel consumption and environmental emissions of Volvo cars.
In 2006, Ford Motor Company, together with Volvo Cars, established European Hybrid Technologies in Göteborg. Devoted to the development of hybrid technologies, the centre is staffed by engineers from Volvo Cars and other companies in the Ford Motor Company.
