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>Ford (US) and Volvo (China) Isn't Volvo Swedish?
by therein 2y ago
>Ford (US) and Volvo (China)
Isn't Volvo Swedish?
- coldtea 2y agoVolvo is owned by a Chinese company these days called Zhejiang Geely
- gambiting 2y agoAnd most cars for their European market are actually made in Sweden. I mean, obviously you're correct, but I don't see the distinction as very helpful - no one is penalizing Land Rover cars for "being Indian" since they are owned by Tata either.
- coldtea 2y agoThat's because there's no trade war with India yet, and Land Rovers are quite niche. If the US/European car makers felt threatened, they'd do that too...
- delta_p_delta_x 2y agoVolvo Cars are owned by Geely, a Chinese company. The Volvo Group (which shares branding and names with Volvo Cars) is public, but Geely also has a fairly substantial percentage. Volvo Group makes HGVs, buses, military vehicles amongst others. The situation is not dissimilar to Rolls-Royce plc (publicly-owned, mostly British; makes jet engines and other high-performance turbines) versus Rolls-Royce Motor Cars (owned entirely by BMW; makes cars only, and use BMW engines).