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Volvo 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.
by laurencerowe 5y ago
Volvo 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...