WebMay 29, 2024 · Volvo Car Group (Volvo Cars) is owned by Zhejiang Geely Holding (Geely Holding) of China. Volvo Cars formed part of the Swedish Volvo Group until 1999, when the company was bought by Ford Motor Company. In 2010, Volvo Cars was acquired by Geely Holding. Are Volvos still made in Sweden? Volvo Cars is a multinational WebMar 29, 2010 · Shares in Geely Automobile Holdings surged nearly 5% on March 29 Monday after its Chinese parent company sealed a $1.8 billion deal to buy Volvo Cars from Ford. "It is a comprehensive acquisition," said Jerry Huang, a Shanghai-based analyst …
Fears for Volvo Expose Sour Turn in Sweden’s Ties With China
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WebMar 29, 2010 · March 29th, 2010 9:15 AM Share. Some people think that Geely’s acquisition of Ford’s Volvo is driven by the desire for sorely needed know-how for China’s auto industry. Who thinks that way is “totally underestimating” the technological advances made by businesses in the Far East. This comes from none less than GM’s Nick Reilly. WebJan 27, 2024 · Nowadays, Volvo says that China is the largest market for the brand. Chinese consumers bought about 20% of the 640,000 Volvos that were sold in 2024, according to Volvo. For comparison, American and Swedish customers bought 15% and 10% of Volvos respectively. The success of Volvo in China wasn’t an accident, either. WebFor many years that car was the safest one built throughout the world. It was called the "cult" car because once you bought one, you never bought anything else. Now the deal is sealed - last week Volvo Cars was bought by Geely of China. Volvo is a standalone and unique car company. They needed the cash infusion and Geely needs a facelift. fly bfm