Mamma Mia, here we go again

Volvo Cars presented a fully electric robo-taxi, as the Geely-owned Swedish company races to meet an ambitious target for driverless vehicle sales with its Uber supply deal on hold. Besides city driving, Volvo said the 360c would extend its customer base by tapping into demand from inter-city taxi passengers traveling as far as 300 km (186 miles), allowing it to challenge short-haul airlines and train operators. Volvo, which is weighing a stock market listing, is trying to make headway in self-driving cars as a mid-size luxury player with more limited resources than a BMW or Audi. It expects autonomous cars to account for a third of sales by 2025, with fully electric cars claiming 50 percent. Volvo is hoping the winner takes it all.

Read the Reuters article