eleven Feb 2020
The leaders of the Chinese automaker Geely Automobile and its subsidiary Volvo are discussing the possibility of merging into a single company. It is curious that both brands will retain their individuality.
Geely bought Volvo from Ford in 2010, but the Swedes have since functioned as a separate company. Volvo notes that the business combination will create a powerful international group, as well as increase the level of financial and technical mutual support.
In addition, the merger should strengthen the position of the automaker in the global market in order to compete with larger players such as, for example, Volkswagen or the new PSA and Fiat Chrysler Automobiles alliance.
When writing news, the following information was used:
Comments on the news
leave a comment