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Chinese-Owned Volvo Won’t Abandon Sweden

Swedish Royals return the favor, Prince Carl Philip set to race for Volvo Polestar team.

by on Dec.05, 2012

Swedish Prince Carl Philip will race with the Volvo Polestar team next year. Photo courtesy Autoblog.com

Sweden’s Prince Carl Philip will be strapping on a helmet and racing for the Volvo Polestar team in the Swedish Touring Car Championship next year.  Consider it returning a favor.

Despite its historic ties to the Scandinavian nation, Volvo hasn’t been Swedish owned in a decade.  It was sold to Ford Motor Co. in January 1999 and then to China’s Geely two years ago. That maker has plans to launch production in its home market, leading some to worry if it wouldn’t eventually cut ties to Volvo’s homeland.  Not to worry, officials have announced.

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“Almost half of the approximately US $11 billion investments covering the years 2011 to 2015 will be spent in Sweden in the form of infrastructure for the new vehicle architecture and engine family,” said Håkan Samuelsson, President and CEO of Volvo Car Group. “This is a proof of Volvo Car Group’s determination to strengthen the company’s position as a Swedish car maker with a unique attractiveness on the global market.”

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Volvo Accelerating Plans for China

When is a Swedish carmaker not a Swedish carmaker?

by on Apr.30, 2012

The Volvo Concept You hints at the direction the maker plans to take, including its shift to small 4-cylinder and battery-based powertrains.

It’s becoming increasingly difficult to call Volvo a Swedish car company.  These days, most of its top management – headed by CEO Stefan Jacoby, a former Volkswagen executive – is German and it is now owned by China’s big Zhejiang Geely Holding Group.

Further confusing things, Volkswagen may soon have as much or more production capacity in China as it does in Europe, Jacoby confided in TheDetroitBureau.com during a conversation at the Beijing Motor Show.

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Work is already underway to erect Volvo’s first Chinese assembly plant and, he confirmed, everything is in place to add a second Chinese factory.  But now, he revealed, “We are considerating a powertrain plant in the greater Beijing region” that would likely meet most or all the engine and transmission needs for both those assembly lines.

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