Volvo & Geely: The honeymoon is over
John Reed in The Financial Times:
Differences have arisen between Volvo and its new Chinese owners, Geely, over a planned expansion of the Swedish carmaker’s business in China.
While Geely wants to build up to three Chinese plants to profit from that country’s rocketing car sales, Volvo’s Gothenburg-based management want to build a solid business case before expanding, according to several people close to the discussions...
...One of the people briefed on the deliberations described the tone of the discussions inside Volvo over China strategy as “heated, not acrimonious”.
