Geely Holding Group has become the largest shareholder of Volvo Group?

Yes. Geely told CCTV Finance that the acquisition of Volvo Group is still different from the acquisition of Volvo Car Company that year. Geely Holding Group is 100% owned by Volvo Cars, pointing out the direction of its strategic planning, management and operation, and market expansion.

Geely Holding Group is only a major shareholder in the Volvo Group's investment, exercising the rights of a major shareholder, and is expected to obtain a seat on the board of directors after the completion of the transaction, but will not make adjustments to the company's development strategy. In short, nothing will change. The Volvo Group is one of the world's leading manufacturers of trucks, buses, construction equipment, marine and industrial engines, and also provides customers with comprehensive financial and service solutions.

Headquartered in Gothenburg, Sweden, the Volvo Group employs nearly 100,000 people and has production facilities in 18 countries and more than 190 markets worldwide. Volvo Group owns brands such as Volvo, Volvo Penta, UD, Terex Trucks, Renault Trucks, Nova Bus, Pavo Bus, Mackor Trucks, and the various products and services provided by the group are like a circular system that runs through all aspects of people's daily lives. The Volvo Group continues to develop autonomous driving, new energy technologies, and innovative solutions for the future of mobility.

Historically, Volvo Car Company was a subsidiary of the Volvo Group, which was mainly engaged in the car business. In 1999, the Volvo Group transferred its car business to Ford Motor Company. In 2010, Zhejiang Geely Holding Group acquired Volvo Car Company.

Volvo Car Corporation is a privately owned company, whereas Volvo Group is a publicly traded company on the Stockholm Stock Exchange.

Geely and Volvo are not related.

Geely Automobile Group, a subsidiary of Zhejiang Geely Holding Group, is headquartered in Hangzhou, Zhejiang, China, and has automotive and powertrain manufacturing bases in Ningbo, Taizhou, Ningbo, Hunan, Chengdu, Sichuan, Baoji, Shaanxi, and Jinzhong, Shanxi, as well as overseas factories in Belarus and other countries and regions.

And Volvo, a famous Swedish luxury car brand, once translated as rich. The brand was created in 1927 in Gothenburg, Sweden. In 1999, the Volvo Group transferred its Volvo car business** to the Ford Motor Company of the United States.

In 2010, Zhejiang Geely Holding Group, a Chinese automaker, acquired the Volvo car business from Ford and took ownership of the Volvo car brand.

What is the relationship between Geely and Volvo, and why Geely cars sell so well.

Geely is the parent company of Volvo.

On March 28, 2010, Zhejiang Geely Holding Group **** (hereinafter referred to as Geely Group) signed a definitive equity acquisition agreement with Ford Motor Company in Gothenburg, Sweden, to acquire 100% of the equity of Volvo Car Company and related assets including intellectual property rights, involving an amount of 1.8 billion US dollars, which was completed in the third quarter of 2010.

It is headquartered in Shanghai and has built new factories in Chengdu (VCCD) and Daqing (VCDQ). After the completion of the construction of the plant, the Chang'an Fu plant in Chongqing will no longer be used for the Volvo S40.

It is said that Geely acquired Volvo, so why do you say that Geely is Geely and Volvo is Volvo? What is the relationship between Lynk & Co and them?

Acquired 100% of Volvo's shares, that is, his business, so his money and technology can be used, but the money must also be spent. Famously belonging to the Volvo Group.

Volvo (Volvo), a famous Swedish car brand, once translated as rich. The brand was founded in 1927 in Gothenburg, Sweden, by Gustav Larsson and Assal Gabrilsson. The Volvo Group is a leading global manufacturer of commercial transport and construction equipment for trucks, buses, construction equipment, drive systems for marine and industrial applications, and aero engine components. As well as a full range of solutions for finance and after-sales services.

Geely's acquisition of Volvo allusion: On May 1, 2009, Geely's senior management visited Gothenburg, Sweden, and Geely's "conjecture" aimed at Volvo was born.

For the first time, Geely Automobile's top management has publicly stated that Geely is participating in Volvo.

The U.S. Crown consortium (Crown) came out of the way and entered the ranks of the competition with a lower than Geely Automobile.

Geely became Volvo's preferred bidder.

Geely Automobile confirmed that it has completed commercial negotiations with Ford Motor to acquire Volvo. However, Volvo will retain ownership of key technologies and intellectual property.

Geely's acquisition of Volvo shows that the strength of China's auto industry has been significantly enhanced, and Chinese auto companies have the strength to go abroad to participate in global mergers and acquisitions. Netizens are also very supportive and optimistic about Geely's acquisition, and some people believe that this may be the first successful case of domestic independent brands acquiring overseas auto industry, and nearly half of netizens said that they will pay more attention to Geely Automobile in the future.

Geely and Volvo are like Volkswagen and Audi.

Although Geely acquired Volvo, Volvo still operates on its own.

Geely acquires Volvo.

One is the best, the other is the ugliest.

<>Easy car newsRecently, we learned from relevant sources that Volvo.

The board of directors of the automobile has decided to start evaluating the possibility of an IPO (initial public offering) again, and if all goes well, it will be listed on the Stockholm** exchange (part of the Nasdaq Group) by the end of this year.

The holding group will retain the status of majority shareholder.

Previously, Volvo.

The possibility of an IPO was evaluated, but in the end the listing plan was abandoned, and this time a new round of IPO possibility assessment was opened, indicating that it is Geely.

Volvo, a subsidiary of the Holding Group.

It is also seriously considering whether the listing and financing plan is beneficial enough for the future development of the company.

Previously, Geely.

Chairman of the Holding Group, Volvo.

Li Shufu, chairman of the automobile shengzao, once said that looking to the future, Wall is noisy and demolition.

Automobiles will continue to accelerate their development, and it is necessary to seize the historical opportunity of electrification transformation to provide users with safe autonomous driving technology.

So, the message that can be deciphered is, Volvo.

The reason for re-evaluating the possibility of an IPO is related to the desire to generate more cash flow through IPO financing in order to raise funds for the next research on electrification and autonomous driving technology. In Volvo.

The possibility of an IPO is being discussed by the parent company Geely.

The holding group will play an important role.

In addition, another piece of news is, Volvo.

Automotive CEO Hanken Samuelson's contract will also be extended until the end of 2022 for Volvo.

He also expressed his support for the IPO plan, mentioning: "If the listing on the Stockholm** stock exchange is successful, it will create opportunities for side and global investors to participate in the company's development and share the results." ”

If Geely acquires 100% of Volvo, the brand will be China's own brand.

But the fact is that Geely only acquired Volvo Cars, so in reality, this brand is not China's own brand, but Volvo Cars belongs to China.

Volvo is divided into Volvo Car Corporation, which was once part of the Volvo Group's family car business, and Volvo Group, which is controlled by Geely and operated independently by the Volvo Group.

The Volvo Group also includes Volvo Trucks, Renault Trucks, Mack Trucks, UD Trucks, Volvo Buses, Volvo Construction Equipment, Volvo Penta, Volvo Aerospace and Volvo Financial Services.

Tsingtao Beer was acquired by Budweiser, is Tsingtao Beer an American brand, this is impossible.

For details, refer to Lenovo's acquisition of IBM!

How cheap Lenovo computers are sold in the United States and how expensive they are in China, you will know that an IBM is now a Lenovo ThinkPad

Selling for a few hundred dollars in the United States and 6,000-10,000 in China is simply twice the price in dollar terms!

Geely will do whatever it takes to make money, wait and see!

1. On March 28, 2010, China Zhejiang Geely Holding Group announced that it had signed a definitive equity acquisition agreement with Ford Motor to acquire 100% of the equity of Volvo Car Company for US$1.8 billion. On July 29, 2010, it was reported that Zhejiang Geely Automobile Holdings' acquisition of Volvo has been approved by China's leading department. Geely's acquisition of Volvo was held in London at noon on August 2, 2010, and Geely has completed the acquisition of the Volvo business unit of Ford Motor Company for a total acquisition value of $1.8 billion.

Note that only Volvo's car company was acquired, not the Volvo Group) Second, some Volvo models are still produced in Sweden (XC90, etc.), so they are imported from Sweden.

Third, Volvo's headquarters is indeed still in Sweden (just like India's Tata acquisition of Land Rover, Land Rover headquarters research and development is still in the UK), foreign automotive advanced technology is not in China, so leaving the headquarters in Sweden is conducive to Volvo's research and development.

Fourth, buying a Volvo can indeed make Chinese people make more money and foreigners earn less.

Fifth, the problem of survival Volvo's trucks are also the world's top brands (Geely did not acquire) Volvo also has a part of the military background.

The concept is too traditional, Geely's acquisition of Volvo does not mean that Volvo will be moved back to China, even if Geely acquires Volvo, Volvo Group is still an independent enterprise, and will not hand over all the technology to Geely. Volvo itself is based in Sweden, you know, so it makes sense that it is based in Sweden. On the issue of imports, not that you have this doubt, many people also think so, just like the joint venture cars produced in China, strictly speaking, all cars produced in Chinese mainland are called domestic cars, including joint venture cars, but many people think that domestic cars are independent cars, joint venture cars are not domestic cars, in fact, the real intellectual property rights should be called "independent cars", domestic cars include foreign brands produced in China.

Now you get it! Volvo is only controlled by Li Shufu, and Volvo produced in other countries in the world is called export as long as it leaves the country where it is produced, and the country it enters is called import, no matter who the company is. Lexus cars manufactured in the U.S. are also called imported cars when they are shipped back to Japan.

On August 2, 2010, Geely Holding Group officially completed the acquisition of all shares of Volvo Car Company, a subsidiary of Ford Motor Company.

Volvo is an imported car because of where it was made, not because of who his owner is.

Volvo is headquartered in Sweden because Volvo Cars was originally headquartered in Sweden and has not moved... I'm dizzy.

Since the one in Sweden is called the headquarters, it is the headquarters of Volvo Cars. The Volvo Group is also in Sweden, but it has nothing to do with Volvo Cars.

Volvo is just a car company, and it is a car brand owned by Ford.

Geely acquired Volvo Car Corporation, which is produced in China called Volvo Asia Pacific and produced in Hangzhou. However, Volvo still has a factory in Sweden, which is controlled by Geely Group. If you sell it back to China from a foreign product, you will definitely need to make a customs declaration, so it will be imported, and you will need to pay customs duties on imports, which are almost 120% tariffs. Got it.

Acquisition is a kind of holding, not the purchase you imagined, the purchase of suggestions refer to Lenovo's acquisition of ThinkPad, SAIC (Nanqi) acquisition of the British Louvre!!

With the acquisition of the entire car system, Volvo's trucks are still autonomous.

As for the issue of imports, it is equivalent to us buying other people's premises and technology, but not disbanding his workers and continuing to produce, so of course it is imported, but the money earned is auspicious, understand?

Geely and Volvo are not the same company.

Geely and Volvo are not family. Volvo is a sub-brand of Geely, but this does not mean that Geely and Volvo are one family. Volvo is a car manufacturer from Sweden.

Volvo made bearings before building cars, and then started building cars. Volvo has many luxury cars and SUV models, such as the S60, S90, XC40, XC60, XC90, and some station wagons, such as the V60 and a high-end, mid-to-large luxury SUV owned by Volvo. The car uses two engines, one is a liter turbo engine and the other is a liter twin-turbo engine.

The XC90's liter-turbo engine has a maximum torque of 254 hp and 350 Nm. The engine has a maximum torque speed of 1,500 to 4,800 rpm and a maximum power speed of 5,500 rpm. The engine is equipped with direct injection technology and uses an aluminum alloy cylinder head and block.

The XC90's litre twin-turbo engine has a maximum torque of 320 hp and 400 Nm. The engine has a maximum torque speed of 2,200 to 5,400 rpm and a maximum power speed of 5,700 rpm. The engine is equipped with direct injection technology and uses an aluminum alloy cylinder head and block.

Paired with both engines is an 8AT gearbox. The XC90 has a double wishbone independent suspension in the front and a multi-link independent suspension in the rear.