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Volvo Cars and Geely Auto: closer cooperation, no fusion
Hakan Samuelsson, CEO of Volvo Cars, prefers collaboration above fusion between Volvo Cars and Geely Auto /Volvo
The Swedish car manufacturer Volvo and Chinese partner Geely Auto, both owned by Geely Holding, are not going ahead with the announced fusion. They will intensify their collaboration instead, focusing on electrification and autonomous drive. In February last year, Volvo and Geely had announced that they were thinking of a fusion creating an ‘international group’
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