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Volvo is moving EV production from China to Belgium as the EU eyes tariffs on Beijing (fortune.com)

submitted 5 months ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 5 months ago* (last edited 5 months ago) (1 children)

It is chinese owned but Volvo is still a thing in Sweden. Geely bought them(Volvo Cars), gave them infinite money, so that Volvo could design and make cars like the 2nd gen xc90. In return Geely acquired the technology and know how on how to make quality cars.

Nowadays, Volvo can combine their world leading car design with Geely's electric vehicle platforms. Thats how you get a car like upcoming volvo ex30, that is cheap and (probably) good.

When Volvo was owned by Ford, it was about to go the way of the Dodo(aka Saab). Geely saved it and made it a competitive car brand.

[–] [email protected] 2 points 5 months ago (1 children)

GM killed off SAAB for no good reason. We could have had Koenigsegg as the owner of SAAB.....

[–] [email protected] 2 points 5 months ago

GM almost killed Opel, until Peugeot saved them.

I don't know how GM operates but it doesn't look healthy.