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Thursday 5 March 2009

Swedish Brands Face Uncertain Future


Lovers of funky Swedish cars were in a tough position: see their beloved brands go under, or see them sold to a Chinese company, possibly diluting the brand's Scandinavian DNA. Not any more.
Automotive News reports, "Geely Automobile Group has no intention of acquiring Volvo Car Corp., says Geely spokesman Wang Ziliang." CNN/Money adds, "Speaking on the sidelines of the annual meeting of China's National People's Congress, Li said his company isn't keen to buy ...

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