Macquarie Names Five Taiwan AI Stocks Set to Benefit From Data Center Growth in 2026 
SpaceX IPO Could Become Largest in History with $1.8 Trillion Valuation Target 
PDG Explores $1 Billion Sale of China Data Center Assets 
Autodesk Beats Q1 Estimates, Acquires MaintainX for $3.6 Billion 
Mega IPOs Like SpaceX and OpenAI Could Reshape S&P 500 and Nasdaq 100 Portfolios in 2026 
Snowflake Stock Soars 30% After Q1 Earnings Beat and Major AWS AI Partnership 
Synopsys Q2 FY2026 Earnings Beat Driven by AI and Semiconductor Demand 
Salesforce Q1 FY2027 Earnings Beat Expectations Despite Soft Q2 Revenue Outlook 
Samsung Union Dispute Escalates Over Semiconductor Bonus Vote 
US Quantum Stocks Surge After $2 Billion Government Investment 
Kentucky School District Secures $27 Million in Social Media Addiction Lawsuit Settlements 
Dell Raises 2027 Revenue Forecast as AI Server Demand Drives Record Quarterly Results 
Meta Subscription Push Could Add Billions in Recurring Revenue, Says Rosenblatt 
Lam Research Expands AI-Powered Semiconductor Tools and Arizona Operations 
Samsung Workers Approve Wage Deal, Avoiding Major Strike and Boosting Chip Supply Confidence 
SK Hynix Joins $1 Trillion Club as AI Chip Demand Fuels Stock Surge 
HP Q2 2026 Earnings Beat Expectations Despite Memory Chip Pressure 
Tesla is currently the leading figure in the fight to revolutionize the auto industry and push electric vehicles to be the main transportation option on the road. According to new reports, it seems Volvo is keen on following the American company’s lead and would invest more in electric cars. What’s more, the car maker might actually stop developing diesel engines as a result.
The new revelation was made by the company’s President and CEO, Hakan Samuelsson when he spoke with Frankfurter Allgemeine Zeitung. During that interview, Samuelsson said that moving forward, Volvo will no longer create new diesel engines.
“From today’s perspective, we will not develop any more new generation diesel engines,” the Volvo boss said.
However, in subsequent clarifications, it seems that the company would not simply stop selling diesel models right away. In an email to Reuters, Samuelsson said that diesel cars are still going to be part of Volvo’s business model. Since they are more efficient than vehicles that run on gasoline, they would still be helping in the company’s bid to meet goals of reducing carbon emissions.
"We have just launched a brand new generation of petrol and diesel engines, highlighting our commitment to this technology. As a result, a decision on the development of a new generation of diesel engines is not required," the email reads said.
Now, much of the reasons for declaring diesel engine developments unsustainable stems from the fact that the EU’s regulations are getting tighter as the years pass. Samuelsson acknowledged this when he said that developing and selling diesel vehicles would only be a good idea until 2020. After that, it simply wouldn’t be worth it.
As for the main reason for why the auto industry is following along such a path, it might have a lot to do with Tesla, Futurism reports. Volvo admitted that the popularity of the cars that Elon Musk’s company is producing has forced Volvo to take a long, hard look at electric vehicles and what they mean to the company’s future.
