Quote:
Originally Posted by Bimmerito
Geely owns Volvo now. It's a Chinese car.
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Yes, just like Lotus. They both sold out to the China. Sweden is borderline communist so probably wasn’t a stretch to believe it was a good deal for Geely to bail Volvo out. But surprised Lotus would do that. I realize a company has to have money if they want to continue doing what they do, but at some point they lose control. These are ways Chinese are trying to get into the western car markets since generally their organic brands are either not as good or are tainted simply for being Chinese.