Volvo to get even cozier with Geely

|About: AB Volvo (publ) (VOLAF)|By:, SA News Editor

Swedish automaker Volvo AB (OTCPK:VOLAF) is exploring even closer ties with Zhejiang Geely Holding Group, according to Bloomberg.

Volvo CEO Martin Lundstedt says the company sees a lot of areas that Geely can add insights and competence as Volvo looks to grab for market share in China.

Geely became Volvo’s largest shareholder in a $3.7B deal late in 2017.

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