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Volvo and Geely deepen cooperationFriday, 09 March 2012
Volvo Cars is expected on Friday to sign a contract on technology transfer from the company's Chinese owners of Zhejiang Geely Holding Group, said a source with knowledge of the agreement.
The source further states that Volvo will continue to be run as an independent company in the group.
There was no indication of what kind of technology exchange agreement were being discussed about.
By Scancomark.se Team
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