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Volvo Car Corporation is not affiliated with AB Volvo that manufacturers of trucks, buses, construction equipment and marine drive systems. the two different companies shared ownership of the Volvo brand name and logos.
Volvo Cars of North America Inc Volvo Cars of North America is the sales, distribution, and marketing arm of Ford Motor's Volvo brand in the US and Canada. Volvo's models include the S-Range, the V-Range, the C-Range, and XC-Range. The company also offers financing through Volvo Finance. Ford Motor purchased the Volvo automotive brand from Swedish truckmaker AB Volvo in 1999. Volvo Finance North America, Inc The finance arm of Volvo Cars North America, (both of which are subsidiaries of Ford Motor Co.) also provides retailers with capital, inventory, and real estate financing Company
Geely Holding acquired Volvo - 28 March, 2010 The agreement was signed by Li Shufu, Chairman of Zhejiang Geely Holding Group, and Lewis Booth, Chief Financial Officer of Ford Motor Company, at a ceremony in Gothenburg witnessed by Li Yizhong, Minister of Industry and Information Technology of the People's Republic of China and Maud Olofsson, Swedish Deputy Prime Minister and Minister for Enterprise and Energy. Zhejiang Geely Holding Group has secured all necessary financing to complete the transaction, which values Volvo Car Corporation at USD 1.8 billion. Geely intends to preserve Volvo Cars' existing manufacturing facilities in Sweden and Belgium, while exploring opportunities to manufacture Volvo vehicles in new production facilities to be built in China for the local market.
Zhejiang Geely Holding Group Co., Ltd. Zhejiang Geely Holding Group Co. Ltd. was founded in 1986 with its headquarters in Hangzhou, the capital of Zhejiang province. Zhejiang Geely Holding Group and its associated companies have established operations that span the automotive value chain, from research, development and design to production, sales and servicing. They are a fully-integrated independent auto manufacturer producing cars, engines and transmissions. They are one of China's fastest growing automotive manufacturers.
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