Asian stocks follow Wall Street's rate-cut rally higher, as BOJ stands pat
Japanese embassy in China calls for more security after school boy stabbed
South Carolina prepares for first execution in 13 years
Brazil drought punishes coffee farms and threatens to push prices even higher
Voters split on whether Harris or Trump would do a better job on the economy: AP-NORC poll
China dairy farms swim in milk as fewer babies, slow economy cut demand
Rodgers sparkles in his first home start since his injury to lead Jets to 24-3 win over Patriots
Dodgers clinch 12th straight playoff berth on Shohei Ohtani's historic night
Diana Taurasi all business in what could be final home game of her 20-year career
Volvo Cars said on Wednesday that plug-in hybrids would continue to be a critical part of its profit growth plans over the next few years and that it would revamp its XC90 hybrid sports utility vehicle (SUV).
The Swedish automaker said earlier on Wednesday that it had abandoned its ambition to sell only fully electric cars by 2030, and would instead allow plug-in vehicles as well as some hybrid engine cars as part of its lineup at that time.
"This balance between fully electric and plug-in hybrids is the right portfolio for the market of today, as the premium fully electric market is still developing in several key markets," the automaker said in a statement.
The refreshed XC90 model will have a similar interior and features to its fully electric counterpart, the EX90.
The order books for the updated XC90 opened on Wednesday, with production set to start later in the year and initial customer deliveries expected around year-end.
(Reporting by Marie Mannes and Nick Carey; Editing by Jan Harvey)
