Answer
Dec 25, 2024 - 05:21 AM
Volvo Cars is owned by Geely Holding Group, a Chinese multinational automotive company. They acquired Volvo from Ford back in 2010.
Now, here’s where it gets interesting—Volvo started in Sweden in 1927, and while it’s under Geely’s umbrella now, the company has managed to maintain its strong Swedish roots. The design, engineering, and manufacturing for most Volvos still happen in Sweden, which is why they’ve kept that distinct Scandinavian vibe everyone loves.
So, while Geely provides the funding and global reach, the heart and soul of Volvo is still very much Swedish. It's a cool mix of East-meets-West in the automotive world!
