Home Business NewsBusinessAutomotive News Volvo Cars and Geely consider merger

Volvo Cars and Geely consider merger

by LLB Reporter
10th Feb 20 2:12 pm

Volvo Cars and its owner are considering a combining their business with Chinese carmaker Geely.

The proposed merger would create a “strong global group” that “would accelerate financial and technological synergies between the two companies.”

In a joint statement, they said a combined group “would have the scale, knowledge and resources to be a leader in the ongoing transformation of the automotive industry.”

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