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> China tends to be left out of these discussions Volvo is a Chinese-owned company. While the company is headquartered and led in Sweden, it is safe to assum
by mywittyname 6y ago
> China tends to be left out of these discussions
Volvo is a Chinese-owned company. While the company is headquartered and led in Sweden, it is safe to assume that the Chinese market is a strong consideration in everything they do.
- laurencerowe 6y agoVolvo sold off their car subsidiary to Ford in 1999 and that was later bought by Geely. Volvo Trucks is still owned by the Swedish Volvo Group.
- mywittyname 5y agoAB Volvo is owned by Geely. Volvo Trucks is wholly owned subsidiary of AB Volvo. Volvo Cars is owned directly by Geely, but is not a subsidiary of AB Volvo. Which is probably where your confusion is coming from.
- laurencerowe 5y ago> AB Volvo is owned by Geely. Volvo Trucks is wholly owned subsidiary of AB Volvo. According to https://en.wikipedia.org/wiki/Volvo https://en.wikipedia.org/wiki/Volvo they remain an independent company with Geely as their second largest shareholder at 8.2%. More complete breakdown here: https://www.volvogroup.com/en/investors/the-volvo-share/ownership-information.html https://www.volvogroup.com/en/investors/the-volvo-share/owne...
- kingsuper20 5y agoYou're probably thinking of the car company.
- mywittyname 5y agoGeely owns Volvo Cars, yes. Geely also owns the related, but legally distinct AB Volvo, which owns a Volvo Trucks, Mack Trucks, Volvo Construction, etc. They are independent companies, but they share an owner.