Who is the new owner of Volvo?
Volvo Car Group (Volvo Cars) is owned by Zhejiang Geely Holding (Geely Holding) of China. Volvo Cars formed part of the Swedish Volvo Group until 1999, when the company was bought by Ford Motor Company. In 2010, Volvo Cars was acquired by Geely Holding.
Who bought the Volvo company?
Geely Automobile
Renowned for their years of leadership in automotive safety, Volvo Cars was purchased by the Ford Motor Company and remained part of their Premier Automotive brands from 1999 to 2010. The automaker is now owned by Geely Automobile, a major automotive brand based in China.
Did Volvo get sold?
Shares in Geely Automobile Holdings surged nearly 5% on March 29 Monday after its Chinese parent company sealed a $1.8 billion deal to buy Volvo Cars from Ford. “Volvo will get funds which it needs badly at the moment and a market that has enormous potential. …
When did China buy Volvo?
2010
Li is chairman – not president – of both Zhejiang Geely Holding and its subsidiary Geely Auto Group. It was the parent company, Zhejiang Geely Holding, that purchased Volvo Cars in 2010, not the Geely Auto Group.
Is Volvo a good car owned?
Volvo ranked last with an average reliability score of 22 out of 100, and Cadillac ranked second-to-last with a reliability score of 32. Of the three Volvo models it analyzed, Consumer Reports rated the XC60 as Volvo’s most reliable vehicle and the S90 as the brand’s least reliable vehicle.
Who currently owns Volvo?
Volvo cars, and Volvo trucks and construction equipment. Volvo cars currently is owned by Geely holdings, and Volvo trucks is an independent company that brought Mack trucks, Renault trucks, and White trcks.
Is Volvo owned by Geely?
Volvo Cars, or Volvo Personvagnar AB, is a Swedish automobile manufacturer founded in 1927, in the city of Gothenburg, Sweden, and is currently owned by Chinese Zhejiang Geely Holding Group. Volvo was originally formed as a subsidiary company to the ball bearing maker SKF .
Is Volvo owned by Chinese company?
No. AB Volvo is not owned by a Chinese company. Volvo is mostly owned by Swedish owned or controlled investment companies. Volvo is a company employing about 85 000 persons world wide and manufactures everything from buses and trucks to marine and industrial engines.
Is Volvo a Swedish company?
Number of employees. The Volvo Group (Swedish: Volvokoncernen; legally Aktiebolaget Volvo, shortened to AB Volvo, stylized as VOLVO) is a Swedish multinational manufacturing company headquartered in Gothenburg .