Automakers

Volvo CEO explains why Geely merger was canceled

Volvo Hakan Samuelsson
"We are finding that the most important synergies are more related to software and technology development," Volvo CEO Hakan Samuelsson said. (Bloomberg)
February 26, 2021 07:37 AM

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.

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