China’s Geely turns to Volvo trucks in latest Swedish venture

STOCKHOLM: China’s Geely Holding [GEELY.UL], owner of the Volvo car brand, is buying an 8.2 per cent stake in Swedish truck maker AB Volvo (VOLVb.ST) from activist investor Cevian Capital, worth around<a href="https://www.pakistantoday.com.pk/2018/01/05/chinas-geely-turns-to-volvo-trucks-in-latest-swedish-venture/" title="Read more" >...</a>

News Desk

January 5, 2018

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STOCKHOLM: China’s Geely Holding [GEELY.UL], owner of the Volvo car brand, is buying an 8.2 per cent stake in Swedish truck maker AB Volvo (VOLVb.ST) from activist investor Cevian Capital, worth around $ 3.3 billion at current market prices. Geely’s expertise in the Chinese market and skills in developing electric and autonomous vehicles should help Read More

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