Geely 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

Geely 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.