Volvo and Geely may become one company
The leadership of the Chinese company Geely Automobile and its subsidiary brand Volvo are thinking about a possible merger into a single full-fledged brand.
The press service of Volvo informed about this opportunity the day before.
Recall, Geely acquired Volvo from Ford 10 years ago. Since then, the Swedish brand has been operating as a separate company. Their representatives say that the combined business will make it possible to create a powerful international group, raising the level of financial and technical mutual direction.
Additionally, the merger will strengthen the company's position in the global car market to compete with significant representatives like Volkswagen and PSA with Fiat Chrysler Automobiles with great success successfully.