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Volvo has announced that it will take back control of its manufacturing, sales and operations in China after a new agreement with parent company, the Geely Holding Group. If you’re a little confused, don’t worry, it took us a while to understand the full scope of the news, here. In essence, what Volvo has done is sign a new agreement with its parent company that gives Volvo a larger stake in its Chinese operations. The ultimate goal here is to take back 100 per cent ownership over the management of its manufacturing plants, sales and operations in China, as Volvo looks to get a bigger slice of Chinese sales. Volvo likely sees huge potential in the Chinese market, driven by demand for its luxury SUV lineup, namely the XC90 and XC60. ....
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Volvo Cars asumirá la propiedad total de sus operaciones de fabricación y ventas en China europapress.es - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from europapress.es Daily Mail and Mail on Sunday newspapers.
Volvo to take full ownership of its operations in China - first major non-Chinese automaker to get full control paultan.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from paultan.org Daily Mail and Mail on Sunday newspapers.
Volvo to Take Control of China Operations From Parent Geely bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.