Subscribe
Newsletters

Geely takes 8% stake in Swedish truck maker Volvo

JH
By:
Johannes Hellstrom
December 27, 2017 05:00 AM

STOCKHOLM -- China’s Geely Holding, which already owns the Volvo Car Group, is buying an 8.2 percent stake in Swedish truck maker AB Volvo from activist investor Cevian Capital for around $3.3 billion.

Featured Stories

Trump pauses reciprocal tariffs on most countries; auto tariffs still in effect, White House says
Trump pauses reciprocal tariffs on most countries; auto tariffs still in effect, White House says
Record 20% of new-vehicle borrowers used 84-month loans in Q1, Edmunds says
Record 20% of new-vehicle borrowers used 84-month loans in Q1, Edmunds says
Live updates on tariffs: Reciprocal tariffs paused, auto tariffs still in effect
Live updates on tariffs: Reciprocal tariffs paused, auto tariffs still in effect
Which vehicles are subject to Trump’s auto tariffs? Check our list
Which vehicles are subject to Trump’s auto tariffs? Check our list

Latest News

Why China is poised to lead Europe, U.S. in brake-by-wire adoption
Schaeffler targets humanoid robot sector
Chinese car exports to Russia hit by taxes, consumer uncertainty
Trump pauses reciprocal tariffs on most countries; auto tariffs still in effect, White House says
Staying current is easy with newsletters delivered straight to your inbox.

See More in Newsletters

Guest commentary: For Akio Toyoda’s sake, he must listen to Toyota’s dissatisfied shareholders and reform strategy
Top 5 stories of the week: Women in auto; Birchwood’s latest buy; GM improves profit; more
Automotive News Europe awards the 2024 Eurostars
Top 5 stories of the week: Northvolt woes; Alpha’s big buy; all-stars; and more
Staying current is easy with newsletters delivered straight to your inbox.