Volvo Cars, whose largest owner is China's Geely, could face a sales ban in the US under new legislation set to take effect next year that would prohibit software and hardware from countries such as China in cars on safety grounds.
"The process is conducted on a case-by-case basis and the granting of a special permit follows constructive discussions with the US Department of Commerce and other US representatives regarding Volvo Cars' corporate governance, technology and data security," the company said in a press release.
The US is one of Volvo Cars' largest markets and is home to a state-of-the-art manufacturing facility in Charleston, South Carolina, where Volvo Cars has invested over $1.3 billion to date.
