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The Volvo Deal was a plan for industrial cooperation between Norway and Sweden whereby Norway would get 40% of the shares of the Volvo car manufacturing concern, while Volvo would get control over oil resources on the Norwegian continental shelf. [1]
On 28 March 2010, Ford sold Volvo Cars at a loss to Geely Holding for $1.8 billion; the deal closed in August 2010. [4] [5] Volvo Cars was publicly listed on the Nasdaq Stockholm stock exchange in 2021, though Geely Holding still retains majority ownership. Volvo Cars and AB Volvo share the Volvo logo, and cooperate in running the Volvo Museum.
Renault would assist Volvo with entry-level and medium segment vehicles and in return, Volvo would share technology with Renault in upper segments. In 1993, a 1994 Volvo-Renault merger deal was announced. The deal was barely accepted in France, but it was opposed in Sweden, and the Volvo shareholders and company board voted against it.
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Swedish automaker Volvo Cars on Wednesday abandoned its near-term goal of only selling electric vehicles, citing a need to be “pragmatic and flexible” amid changing market conditions and ...
TOKYO/STOCKHOLM (Reuters) - Sweden's Volvo AB will sell its Japan-based UD Trucks business to Isuzu Motors in a deal worth around $2.3 billion, exiting a low-margin business and boosting its cash ...
In 1999 Volvo sold its passenger car division Volvo Cars to Ford Motor Company. Volvo intended to use the money they got from the deal to buy Scania from the Wallenberg group, but the plans fell on the European Union's anti-trust legislation stating this would give Volvo close to monopoly in Scandinavia. [11]
Collaboration between Volvo Cars and its parent company Geely: Polestar (2017–present) Geely through Volvo Cars in 2015 (1996–2017) as tuner and racing team Scania AB (1911–present) Traton of Volkswagen Group: Volvo Group (1927–present) [1] Volvo Cars (1927–present) Geely (2010–present) Acquired by Ford from Volvo Group in 1999 ...
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