China Development Bank Loans Volvo $800 Million to Develop New Cars


STOCKHOLM, Nov 25 (Reuters) - Chinese-owned carmaker Volvo Car Group said on Monday it had signed an $800 million loan agreement with China Development Bank that would help it finance the development of new cars. The terms and amortization structure of the loan agreement, with maturity in 2021, was equal to those in a deal Volvo Car Group signed with the bank in 2012, the company said in a statement. Volvo is banking on growth in China, the home of its parent Zhejiang Geely Holding Group ...


To access this content simply register below now.
Registering is easy and allows you to:

  • Access all public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!

Already registered? here.

Jan 18, 2018

2018 Wards 10 Best Engines Editorial Roundtable Part 2

WardsAuto editors discuss some of the 22 nominees that did not make the cut in this year's Wards 10 Best Engines competition....More


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×