canceled

Volvo CEO explains why Geely merger was canceled

Volvo’s and Geely’s positive momentum would have been negatively affected by all of the internal challenges that are part of any merger, Volvo CEO Hakan Samuelsson said. He explained why he believes it’s better that the sister brands cooperate more closely on electrification, software and autonomous driving solutions in an interview with Automotive News Europe Managing Editor Douglas A. Bolduc.

What were the key factors that led you to change your mind on the merger?
First of all, we didn’t really change our mind. What became clear was that Volvo and Geely are two of the fastest growing car brands

Read More