Geely and Volvo working on new compact
The Chinese Geely is developing a new compact model in partnership with Volvo. The Chinese company bought the Scandinavian brand in 2010.
According to reports from The Wall Street Journal, the project is being played by Chinese engineers in Sweden, although Volvo has been summoned to give a "European feel" to the vehicle, aiming to please Europeans. This would also include a greater concern for safety, since Swedes are world reference in this regard.
Volvo's CEO, Hakan Samuelsson said Geely will deliver in most modern vehicles and, of course, insurance.
"The main ambition of Geely is to raise the level of technology in their cars, and this can not be done by simply placing products already developed in their cars,"
The expectation of the executives of both brands is that this new project is in European streets within three to four years.