Volvo and parent company Geely have confirmed plans to merge into a single company. The Swedish car maker has been owned by Chinese giant Geely Holdin [See the full post at: Volvo set to merge with parent firm Geely]
Volvo entered the downward spiral when it joined forces with Ford Motor Company and fitted cheap FoMoCo components on its range. Then it joined up with Geely. The customer loyalty of old are loosing interest fast. But then who cares, its tomorrow’s sales figures and latest gizmos that’s important isn’t it? So sad.