Volvo Cars divests its holding in Aurobay to Geely Holding; to be part of new Renault-Geely powertrain company

Green Car Congress
By mmillikinNov 8, 2022, 10:46 am302 pts
Volvo Cars has a strategic direction to become fully electric by 2030 and shape the future of mobility. In line with those strategic ambitions, Volvo Cars will divest its 33% holding in Aurobay to Geely Holding. Aurobay will become part of the new global company specializing in hybrid and low- emission…

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