Volvo, A Case in Business Suicide for the Sake of “Culture”

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from https://www.lewrockwell.com/2017/07/eric-peters/volvo-commits-seppuku/
With gas cheaper than it has been in at least 50 years – strongly suggestive that there is plenty of it available and will be for some time to come – Volvo has announced its decision to build nothing but expensive plug-in hybrid and full-on electric cars beginning after the 2019 model year.

Cue the falling of rose petals.

“This announcement marks the end of the solely combustion engine-powered car,” saith Volvo’s CEO Hakan Samuelsson.

No, it marks the end of sanity – and very possibly of Volvo as a manufacturer of cars. Well, as a manufacturer of cars that people can actually afford to buy or want to buy and which aren’t massively subsidized by the government – from the assembly line to the moment they drive off the dealer’s lot.

But why is Volvo – why is the industry – so hell-bent on replacing cars that work with those that do not?

Especially now?

With gas prices going down rather than up?

It is the height of the summer driving season – when gas usually costs the most – and prices remain stable at around $2.00 per gallon. People notice this – and shop accordingly. Trying to sell them a hybrid or electric car when gas is cheap is like trying to get a cellulitic fat girl voted in as Miss Universe (though that is probably coming, in the spirit of “diversity”).

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    Volvo Commits Seppuku – LewRockwell LewRockwell.com

    With gas cheaper than it has been in at least 50 years – strongly suggestive that there is plenty of it available and will be for some time to come – Volvo has announced its decision to build nothing but expensive plug-in hybrid and full-on electric cars beginning after the 2019 model year.

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    About Paul Gordon 2329 Articles
    Paul Gordon is the publisher and editor of iState.TV. He has published and edited newspapers, poetry magazines and online weekly magazines. He is the director of Social Cognito, an SEO/Web Marketing Company. You can reach Paul at pg@istate.tv

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