This was a big week for Volvo, which made two bold and forward-looking announcements and debuted the C40 Recharge. The Swedish automaker, which is owned by the Chinese conglomerate Geely, will only sell electric cars by 2030. It’s also closing all show rooms and only selling cars online. The company will be phasing out leather interiors as well to meet its sustainability goals. “To remain successful, we need profitable growth.