Saab, Volvo and representatives from other automobile and supply companies will be meeting in Sweden to discuss how to strengthen the country’s relationship with the auto industry.

“Sweden spearheads research in hybrid technology for plug-in hybrid vehicles. Over a five-year period, some $40 million will be invested in a joint venture between Volvo, SAAB, energy company Vattenfall, the Swedish State and the Swedish Energy Agency to develop next-generation plug-in hybrid vehicles that will reduce fuel consumption and emissions.” (Source: PR Newswire)

The country wants to be the driving force behind the creation of more green and efficient vehicles. In addition to looking at the efficiency of vehicles, the country would like to continue with its stringent safety regulations and look at new technology that improves data on road conditions.

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Filed Under: Europe, Saab, Volvo

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