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The real owner of Volvo is Chinese automaker Geely. The company acquired the Swedish automaker from Ford in 2010 for $1.8Bil. source. https://www.fool.com/inv
by onetokeoverthe 2y ago
The real owner of Volvo is Chinese automaker Geely. The company acquired the Swedish automaker from Ford in 2010 for $1.8Bil.
source.
https://www.fool.com/investing/how-to-invest/stocks/who-owns-volvo/#:~:text=The%20real%20owner%20of%20Volvo,at%20the%20end%20of%202023 https://www.fool.com/investing/how-to-invest/stocks/who-owns...)
- reaperducer 2y agoBut at least they're made in South Carolina.
- speed_spread 2y agoOnly the EX90 it seems is made in SC, possibly just assembled from parts made in China. All other electric Volvos (including Polestar) are straight from China. Gas models and hybrids are still built in Europe but are being phased out.
- chupy 2y agoVolvo EX40, fully electric is made in Belgium and it does not seem that it will be phased out soon.
- dzhiurgis 2y agoI thought China is disconnected from modern microchips and operating systems - how do they manage to keep shipping these cars (and PCs)?
- jdjdjdjrjj 2y agoCars don't use modern chips ... They use reliable chips that are built to withstand being in a car for years on end ... They also don't need to be as small as possible so older processes will suffice Edit: I didn't like my tone