Why Volvo believes its IPO will make the company 'stronger, better, quicker'

Volvo Cars aims to raise 25 billion crowns ($2.9 billion dollars) in the first of two planned issuances of shares before year-end as part of its initial public offering on the Nasdaq Stockholm stock exchange. Volvo CEO Hakan Samuelsson says the automaker could have covered the cost of its transition into an electric-only brand by 2030 without an IPO, but he believes the timing of the move is ideal given investors' interest in EV-focused brands. Volvo Chief Financial Officer Bjorn Annwall says the pressure to satisfy global investors will make the company "stronger, better and quicker." Both men spoke with Automotive News Europe Managing Editor Douglas A. Bolduc.