Volvo Cars is plotting to buy out parent company Zhejiang Geely Holding and free itself of its Chinese joint venture. The Swedish (currently Swedish-Chinese) manufacturer has been hinting at the prospect of going public with an IPO, which most analysts believe would be bolstered by creating some distance from Geely. While the Chinese Communist Party has […]
The post Volvo Buying Itself Out of Chinese Joint Venture appeared first on The Truth About Cars.
via Autobuzz Today
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