Håkan Samuelsson returned in the spring as CEO of Volvo Cars after being away from the car manufacturer since March 2022.
The contract is written for two years. No longer than that will the new tenure be, according to the 74-year-old.
No, says Samuelsson who instead will try to find some internal solution.
There are several internal candidates who within two years are absolutely capable of taking over this job. Of course, the board will consider external solutions but to take someone from outside is always a gamble, he says in an interview with Bloomberg.
Last year, Volvo Cars revised the company's goal of only selling electric cars from 2030, to it being about 90 to 100 percent.
Samuelsson maintains, however, that the electrification of the car industry will take place fully.
There is no turning back. It may take a little longer in some regions, but the direction is clear. Within ten years, all cars will be electric and at a lower cost.
Samuelsson's statement goes against how many other players assess the situation. Volkswagen's CEO Oliver Blume says at the car show in Munich that it is "unrealistic to expect 100 percent electric cars by 2035", reports Bloomberg.
Vehicle manufacturer Stellantis, with brands such as Chrysler, Citroën and Opel, also announced earlier in the week that they do not have the ambition to only manufacture electric vehicles from 2030.
