Volvo to set up China headquarters in Shanghai

Newswire

SHANGHAI, Jan 25 (Reuters) - Volvo Cars, owned by China's Geely Holding Group, plans to establish its China headquarters and technology centre in Shanghai, the company said on Tuesday. The automaker also said in a statement released ahead of a news conference that it aimed to become one of the leading luxury brands in China by 2015. Geely, parent of Geely Automobile Holdings , took over Ford Motor's Volvo car unit last year in China's biggest acquisition of a foreign car maker, ...

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