Volvo CEO Assures Independence Despite Stronger Geely Ties

Volvo will not lose the ability to independently develop cars from scratch, says Volvo Cars CEO Håkan Samuelsson to Dagens industri.

» Published:

Volvo CEO Assures Independence Despite Stronger Geely Ties
Photo: Björn Larsson Rosvall/TT

Share this article

The newspaper reported earlier in the week that Volvo is on its way to losing parts of its independent development to China and owner Geely, following delays with its own new car platform Spa2. It's not that bad, according to Samuelsson.

It's absolutely not a Chinese grip that's being tied, he says to Di.

The ties to Geely will, on the other hand, become stronger. Samuelsson says that Volvo has an interest in cooperating on the cars' hardware build-up and means that it's possible to discuss what a "platform" really is.

I see it more as an architecture where you can find common components and systems, and we naturally have an interest in getting them up in volume through coordination. It's not at all the same thing as our ability to build cars from scratch being jeopardized.

The delays with Spa2 sank the launch of the electric SUV model EX90 by several years.

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

Weakening Dollar: Key Considerations for Investors

Weakening Dollar: Key Considerations for Investors

Asian Stock Markets Rise Following Trump's Trade Talks Update

Asian Stock Markets Rise Following Trump's Trade Talks Update

Federal Reserve Member Lisa Cook Allowed to Stay by Appellate Court

Federal Reserve Member Lisa Cook Allowed to Stay by Appellate Court

Tesla Stock Surges 3.6 Percent Boosting Wall Street Indexes

Tesla Stock Surges 3.6 Percent Boosting Wall Street Indexes

Trump Proposes Ending Quarterly Reports for Wall Street Companies

Trump Proposes Ending Quarterly Reports for Wall Street Companies

EU Regulators Seek Stricter Crypto Supervision by ESMA

EU Regulators Seek Stricter Crypto Supervision by ESMA

Elon Musk Buys $1 Billion in Tesla Shares, Boosting Stock by 7%

Elon Musk Buys $1 Billion in Tesla Shares, Boosting Stock by 7%

China Investigates Nvidia for Competition Law Violations

China Investigates Nvidia for Competition Law Violations

USA and China Agree on Tiktok Deal Framework

USA and China Agree on Tiktok Deal Framework

Black Soldier Fly Oil and Protein Developed for Animal Feed

Black Soldier Fly Oil and Protein Developed for Animal Feed

Basmati Rice Dispute Stalls EU-India Trade Agreement

Basmati Rice Dispute Stalls EU-India Trade Agreement

Gaming Companies Lead Gains in Slightly Rising Stockholm Stock Market

Gaming Companies Lead Gains in Slightly Rising Stockholm Stock Market

Sweden Construction Costs Rise 0.4% in August Amid Higher Electricity Prices

Sweden Construction Costs Rise 0.4% in August Amid Higher Electricity Prices

Swedes Report Decreased Satisfaction with Banks This Year

Swedes Report Decreased Satisfaction with Banks This Year

Fashion Trade Sales Rise for Third Consecutive Month

Fashion Trade Sales Rise for Third Consecutive Month

Powell's Rate Signal Influences Swedish Households Too

Powell's Rate Signal Influences Swedish Households Too

Asian Markets Rise Despite Weak China Data

Asian Markets Rise Despite Weak China Data

ANZ Bank Faces Record Fines for Bond Deal Misconduct

ANZ Bank Faces Record Fines for Bond Deal Misconduct

Trump Welcomes Foreign Investment and Workforce in the USA

Trump Welcomes Foreign Investment and Workforce in the USA

Government Boosts Support for Sweden's Regional Airports

Government Boosts Support for Sweden's Regional Airports