World Business Watch: Volvo cars to buy Geely Holding's stake from joint ventures in China
Edited By WION Video Desk
Published: Jul 22, 2021, 05:30 IST | Updated: Jul 22, 2021, 05:30 IST
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Volvo Cars have struck a deal to takeover parent company Zhejiang Geely Holding from their joint ventures in China. Volvo now aims to take full ownership of its facilities in China, manufacturing of its vehicles, and sales in the Chinese market.
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