FRANKFURT -- Talks on a merger or alliance between Volvo Cars and China's Geely are likely to resume next year, Volvo CEO Hakan Samuelsson said on Wednesday.
Efforts by Geely to seek a listing on Shanghai's New Star Market currently prohibit the Chinese automaker from making changes to its capital structure, delaying the talks into 2021, Samuelsson told the Financial Times Future of the Car Summit.
Zhejiang Geely Holding Group acquired Volvo from Ford Motor in 2010.
"Quarter one is more realistic next year. We have said we are looking at a combination and it could be done in different ways. Platform sharing and so on," Samuelsson said.
Any effort to combine would be done with the aim of preserving the identities of each company and Volvo wants to continue to be able to tap markets to raise funds for investments in low-emissions vehicles.