Volvo Cars, which is now completely owned by a Chinese investor, is considering a stock offering, the company’s top executive told a German-language business magazine.
Hakan Samuelsson, chief executive of Volvo Cars, said a stock market listing is an “option” for the Swedish carmaker, Germany’s Manager Magazin, according to a Reuters dispatch.
Samuelsson told the magazine that there are no current plans for such a move and that it would be up to parent company, Geely Holdings, to decide. Geely, which is based in China, owns 100% of Volvo, which it purchased from the Ford Motor Co. in 2010. (more…)