Geely, who is the parent company of Volvo, has made a deal with the car maker to break into the Chinese market. Volvo will trade technology for Geely’s know-how of the Chinese market to access overseas business and low-cost production.
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Posts Tagged ‘Chinese market’
Volvo Makes Deal with Parent Company
Saab Sustainably Saved
Saab has been saved from bankruptcy by an entrepreneur. The new rescue plans drawn up by Kai Johan Jiang will see the car maker focus on the Chinese market and produce electric vehicles.