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Volvo Car Corporation and Geely form China companiesWednesday, 22 February 2012
Volvo Cars Corporation and the company's Chinese owners, Geely are planning to start a Chinese joint venture that will develop and produce cars for the domestic market. This is to be a real typical Chinese brand, reports Reuters.
Geely, which bought Volvo Cars in 2010 from American Ford Motors and which also owns Hong Kong-listed Geely Automobile, is hoping to present the project within two months, writes the news agency, referring to the company's Chairman Li Shufu.
By Scancomark.se Team
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