Volvo Cars received approval to begin manufacturing at a second car assembly plant and an engine plant in China.
Tag Archives: Geely
Saab parent’s $3 billion lawsuit versus GM thrown out by U.S. judge
Dutch sports car maker Spyker NV’s $3 billion lawsuit accusing General Motors Co. of trying to bankrupt Swedish automaker Saab was dismissed today by a U.S. judge who said the U.S. automaker had the right to block the sale of a company using its technology.
Spyker sued GM in August 2012, seeking damages and accusing the U.S. automaker of trying to stop a deal with Zhejiang Youngman Lotus Automobile Co. and eliminate a potential rival in the growing Chinese market.
Volvo, Geely will establish joint RandD center in Sweden
Volvo Cars and its Chinese parent Geely will set up a joint research and development center in Sweden to produce technology for new cars. Volvo said the center would be operational towards the end of the year.
Volvo purges more Ford influences
Volvo is distancing itself further from its Ford Motor Co. legacy as it prepares to launch a new range of in-house engines and a modular platform.
