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Thursday, February 25, 2021

Volvo and Geely plan deep collaboration but rule out full merger

2021 Volvo XC90Volvo and Geely in early 2020 said they were considering a full merger to further boost synergies in the areas of technology sharing and capital raising. Fast forward to today and the two companies say they can still fully benefit from cooperating without merging. “Having evaluated different options to realize value, [Volvo and Geely]...

from Motor Authority https://ift.tt/3pUf560

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