China's Geely to keep Volvo production under Volvo roof

Newswire

BEIJING, March 30 (Reuters) - Zhejiang Geely Holding Group, China's biggest private car maker, said on Tuesday it will not produce Volvo brand cars, nor will Volvo make Geely brand cars, following Geely's planned purchase of Volvo from Ford . "Volvo comes from Northern Europe and is rooted in Sweden. Volvo will not be Volvo any more if taken out of the soil," Geely Chairman Li Shufu said, after returning from Sweden where his company agreed to pay $1.8 billion for Volvo. [ID:nLDE62R08N] ...

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