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Volvo Cars warns on sales as supply woes dent output

Sweden-based automaker Volvo Car Group has warned today that that sales volumes in the second half of 2021 could fall year-on-year after it was forced to cut production due to material shortages.
Business • 03 Sep 21

Volvo to buy parent Geely Holding's stake in China JVs

Sweden's Volvo Car Group has struck a deal to buy out parent company Geely Holding from their joint ventures in China.
Business • 21 Jul 21

Volvo Cars posts rise in Q4 profit, helped by cost cuts

Sweden's Volvo Car Group, owned by China's Geely, reported an 18% rise in fourth-quarter operating profit as cost cuts and growing sales more than offset the impact of subdued global auto markets.
Business • 06 Feb 20

Geely takes $3.3 billion stake in Sweden's AB Volvo

China's Geely Holding, which already owns the Volvo Car Group, is buying an 8.2% stake in Swedish truck maker AB Volvo from activist investor Cevian Capital for around $3.3 billion.
Business • 27 Dec 17

Volvo to go all electric with new models from 2019

Geely-owned Volvo Car Group said today that all new models launched from 2019 will be fully electric or hybrids.
Business • 05 Jul 17

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