Volvo Cars divests 33% stake in Aurobay to Geely Holding

Volvo Cars will divest its 33 percent holding in Aurobay to Geely Holding, exiting internal combustion engine development. The transaction is expected to close before end of 2022, with proceeds used for electric motor production in Skövde, Sweden.

“Volvo Cars will divest its 33 percent holding in Aurobay to Geely Holding.”volvocars.com

• 1 source
• volvocars.comVolvo Cars executes on its strategic ambitions - divests its holding in Aurobay to Geely Holding | Volvo Cars Media IntlNov 8, 2022

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