Through business restructuring, the advantages of both parties will be further enhanced. The new group will continue to maintain the unique positioning of its Volvo Cars, Geely Cars, Lexus Cars, Polar Stars and other products, with stronger professional capabilities and global resources.
After Volvo Car and Geely Automobile reach an agreement on the terms of reorganization, it will be reported to the board of directors and shareholders' meeting of both parties for approval, and the follow-up work will be carried out in accordance with procedures and regulations.
Editor's comment: After the merger of Volvo Car and Geely Automobile in the future, the new group will be a model of China's capital operation in the world, just like Volkswagen opened up the China market in the past, but the route of Geely Automobile is slightly tortuous. It is believed that the future merger will bring new vitality to the global automobile economy and industry, and Geely Automobile will stand higher, see farther and serve more automobile consumers.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.