Volvo Cars aims to be climate neutral by 2040

STOCKHOLM (Reuters) - Volvo Cars, owned by China's Geely Holding , is targeting a 40% reduction in the carbon footprint of each car it manufactures by 2025 as it bids to become fully climate neutral by 2040, it said in a statement on Wednesday. The company aims to reach the 2025 targets through a string of measures, including generating 50% of global sales from fully electric cars and having a 25% share of recycled plastics in new vehicles by that time, both of which have been previously..