volvo cars - GADGET
Financial Times: Geely to use Volvo Cars’ plants over building overseas factories Geely will build more vehicles in Europe using existing plants owned by Volvo Cars as the Chinese group’s founder warned of “very serious” overcapacity in the global car industry. The group’s move is ... Volvo Cars' only way to survive as competition intensifies is by cooperating with Geely's other car brands, the Swedish group's and Geely Holding's chair Li Shufu said on Tuesday.
Context Explanation
Just Auto on MSN: Volvo Cars set to become Lynk & Co’s sole importer in Europe Volvo Cars intends to use its retailers to sell Lynk & Co cars, while also using its existing sales and servicing system in relevant European markets. Volvo Cars set to become Lynk & Co’s sole importer in Europe Bloomberg: Volvo’s Owner Wants Closer Ties With Chinese Parent to Ease Pain Volvo Car AB should start producing its Chinese sister brand’s models at its factories as the auto industry grapples with overcapacity, according to its billionaire owner Li Shufu.