Geely

Volvo’s relationship with its Chinese parent is about to grow even closer. The Swedish car maker and its parent company, Geely, proposes to put an end to separate engine development, with engineering teams from both companies tasked with building common power…

The Swedes may have a reputation for making safe decisions, but Volvo is threatening to upend that with news that it plans to split off its combustion engine production as it refocuses on electrification. The automaker has announced plans with parent company …

An employee moves a completed automobile engine by gantry crane at the Volvo Cars plant in Torslanda, Sweden, on Thursday, Aug. 22, 2013. Volvo Cars Chief Executive Officer Hakan Samuelsson will settle a German investigation into corruption BLOOMBERG NEWS V…

Union contract negotiations between the UAW and General Motors faces yet another setback, Nissan is eating itself alive with financial misconduct allegations, the trade war with China is hitting U.S. rail hard, much more in The Morning Shift for Monday, Octob…

With buyers becoming less and less concerned with what's actually under the hood, Volvo has decided to spinoff its engine department. Volvo announced Monday that it will transfer its engine operations to a new standalone company that will also include the en…

FRANKFURT Volvo Cars will merge its engine development and manufacturing assets with those of parent Geely, creating a division to supply in-house brands Lotus, LEVC, Lynk and Proton, and also potential rivals with next-generation combustion and hybrid engine…

BRUSSELS (Reuters) — EU antitrust regulators are seeking to wrap up a two-year investigation into Ikea brand owner Inter Ikea by the end of the year with an order to pay millions of euros in Dutch back taxes, two people familiar with the matter said. The Eur…

Volvo Cars and parent company Geely have announced they intend to merge their existing combustion engine operations into a standalone business. According to the two companies, the move will allow them to establish a new global supplier that will seek to deve…

Volvo and parent firm Geely are planning to merge their combustion-engine operations into a new stand-alone company, which will focus on developing more efficient next-generation units and hybrid powertrains. The new powertrain business would continue to sup…

A Volvo logo is seen at the 2017 New York International Auto Show in New York City, US April 13, 2017. PHOTO: REUTERS Volvo Cars will merge its engine development and manufacturing assets with those of parent Geely, creating a division to supply in-house b…