Volvo's Chinese owner plans to merge Swedish firm with HK-listed unit

Volvo's Chinese owner plans to merge Swedish firm with HK-listed unit

Volvo's logo is seen on a XC40. Photo: Adam Cai

Volvo Cars owner Li Shufu set out to combine the Swedish carmaker he bought in 2010 with his Hong Kong-listed automobile unit to create a company with the scale to compete in a rapidly consolidating global market.

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