Volvo expects to see a sales growth on the Chinese market after the company will be acquired by Geely, as Dow Jones reports.
Currently, Volvo’s Swedish Torslanda plant is working at a reduced capacity due to the sluggish demand, so the news can only bring joy to the Swedish company’s employees.
"It will be hugely beneficial to have a Chinese partner or owner, as access to the Chinese market has got to be bigger than the 30,000 (vehicles) that we will sell there this year," Steph… (read more)