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AB 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.
by mywittyname 5y ago
AB 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...