What does Volvo Asia Pacific version mean?
1 Answers
It is the name of the joint venture established in China by Geely Holding Group after acquiring Volvo Cars. Below are the extended details: Time of acquisition of Volvo Cars business: The acquisition took place in 2010 when Zhejiang Geely Holding Group acquired Volvo Cars business and obtained ownership of the Volvo Cars brand. Prior to this, Volvo Cars business belonged to Ford Motor Company of the United States, which purchased it in 1999. The Volvo brand was founded in 1927 in Gothenburg, Sweden. Impact after Volvo's acquisition: There was no impact. After Zhejiang Geely Holding Group acquired Volvo Cars business, no conditions were imposed on the brand, and it continued to operate under its original business model.