Volvo Cars acquires control of its China joint ventures for US$256M

Green Car Congress
By mmillikinAug 19, 2015, 10:03 am74 pts
Volvo Cars has taken control of its three joint venture operations in China for SEK2.2 billion (US$256 million) in order to more accurately reflect its growing presence in the world’s largest car market. Volvo Cars now owns 50% of its China joint ventures alongside Geely Holdings. These joint ventures include…

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