What is the role of the Volvo Group in the transaction between the Chinese company Geely and Volvo Cars?

• This is a business transaction between Volvo Cars’ owner, Ford, and Geely, so the Volvo Group has nothing at all to do with the deal.

• The Volvo Group sold Volvo Cars to Ford in 1999 to instead focus on expansion in the markets for commercial vehicles such as trucks, buses and construction equipment and this strategy still applies.

• The Volvo Group shares the Volvo brand with Volvo Cars and will continue to do so in the future.

Go to Volvo Cars for more info about the deal