Volvo Cars to divest stake in Aurobay to Geely to become fully electric
Volvo Cars will divest its 33% stake in engine maker Aurobay to Geely Holding, a Chinese multinational automotive company, in an effort to become a fully electric car manufacturer by 2030. The financial terms of the deal were not disclosed. The proceeds from the stake sale will be leveraged to convert Volvo Cars into a […]