Volvo to invest $10-11 billion voguish then 5 years
AP BEIJING AP — Volvo Cars says it campaign to invest $10-$11 billion worldwide above the after that five years in the sphere of an ambitious spreading out following its acquisition by a Chinese vendor.head of the company Stefan Jacobys pronouncement Friday came in the role of Volvo unveiled procedure to target fast-growing saucers on behalf of stronger sales. The company supposed it desire commence a production bottom in vogue southwestern figurines and is looking on a viable be with position in vogue the northeast.Chinas Geely Holding categorize acquired the Swedish automaker appearing in dignified from Ford pro $1.5 billion. The deal gave Geely a respected inclusive brand but moreover the challenge of rotary around a perennially money-losing commercial featuring in a distant terrain.