Here is your Forbes Daily Briefing for Tuesday, September 30th.

Today on Forbes, inside Volvo's efforts to build recycled cars.

Volvo Cars isn't a giant of the automotive industry, delivering fewer than 800,000 vehicles

last year. But when it comes to sustainability, its ambitions are much bigger.

Along with electrifying its lineup, Volvo is converting its factories to be carbon-neutral

and aiming to slash water use by 50%. By the end of the decade, the Gotenberg-Swedin-based

carmaker wants 35% of all content used to make a new vehicle

to be recycled, an industry-leading target. Ultimately, it aims to be a fully circular business

by 2040. Chief Sustainability Officer Vanessa Bhutani, who was honored earlier in September

on Forbes's sustainability leaders

list, said, quote, this is where we see we can make an impact. We may be small, but with the

ambition that we have, the heritage we have, and also knowing that this is what is expected of us by our

customers, by our stakeholders, we want to lead the way.

The U.S. auto industry is in upheaval,

as the Trump administration seeks to dramatically slow the shift to electric vehicles,

loosen emissions and environmental rules,

and promote the idea climate change isn't as worrisome as Americans have been led to believe.

But that ignores an intense global competition among automakers, especially in Asia and Europe, to show consumers they're making big changes to cut carbon pollution and go electric.

And though it's smaller than many rivals, Volvo is moving fast to overhaul its operations. Founded nearly a century ago, Volvo Cars, not to be

confused with its former truck-making parent, A.B. Volvo, has been the primary European auto brand of

China's Ghee Lee Holdings, which acquired it from Ford in 2010. It also makes high-performance EVs at its factories for affiliate

Polestar, which also counts Ghee Lee as a parent. Both brands were signatories in September

...