Dating back to 1927, when its first model was built, Volvo Group used to build trucks and cars, as well as marine and aero engines. In 1999, it sold its car business to Ford Motor for US$6.45 billion, and focused on commercial vehicles. Ford sold Volvo to China’s Geely in 2010.
Volvo Car Group plans to export a Chinese-made midsize sedan this year to the United States, and is starting to weigh the possibility of building a factory in the US, people familiar with the carmaker's plans said.Monday, 12 January, 2015, 2:16am
Safe, solid and understated in a Swedish way, or a wannabe luxury brand pandering to a Chinese taste for excess and ‘bling’: that’s the debate causing ripples at the top of Volvo Car Corp, under Chinese ownership since 2010.11 Sep 2013 - 4:16am
Three years after buying Volvo Cars, mainland tycoon Li Shufu may get to compete with BMW and Volkswagen's Audi on a more level playing field in his own country.29 Aug 2013 - 4:13am
A funny thing happened on the way to China’s drive to build a world-beating auto industry: It got sidetracked.
Instead of Chinese cars finding a ready market among its newly affluent people, and then establishing itself in developed markets where Japan and South Korean car makers have already blazed a trail, China’s auto-sector may be stuck in a blind alley.16 May 2013 - 11:04am
The bankruptcy of Geely's UK investment could foreshadow a similar fate for its Volvo unit, which has been plagued by management turmoil and failure to execute a turnaround plan.25 Oct 2012 - 2:36pm
Huaneng's power output falls 5.4pc16 Oct 2012 - 4:03am
Volvo is rapidly running into trouble and could eventually pull down Geely, while GM is consolidating its market leading position through strong growth for its low-end cars.26 Sep 2012 - 12:42pm
Vendors tell Hutchison to complete purchase
The debt-laden owners of Partner Communications have told Hong Kong conglomerate Hutchison Whampoa in a letter filed with the Tel Aviv Stock Exchange that it must go through with a deal to buy back Israel's second-largest mobile-phone operator. Reuters
Aussie slumps as GDP growth slows sharply6 Sep 2012 - 3:10am
Volvo's bus unit will improve its production system to boost profitability, which has lagged behind the company's truck and construction equipment divisions for years, according to the head of the business.4 Sep 2012 - 2:34am
Zhejiang Geely Holdings Group will soon announce a plan to develop a new Chinese brand with Volvo Car Corp through a 50-50 joint venture.
Although Geely acquired Volvo in 2010, Volvo is still considered a foreign car company, the group's spokesman, Yang Xueliang, said yesterday.23 Feb 2012 - 12:00am
Zhejiang Geely Group's Sweden-based Volvo Car unit is planning a 4.58 billion yuan (HK$5.51 billion) investment on a second Chinese carmaking plant in the northeastern city of Daqing, according to a statement on a central government website.24 Jun 2011 - 12:00am
Zhejiang Geely Group is betting its newly acquired, Sweden-based Volvo Car unit can remain foreign enough to win over well-heeled mainland consumers but become Chinese enough to cultivate government support and be attuned to rapidly shifting trends in the booming mainland car market.27 Apr 2011 - 12:00am