08
Jul
16:32
Volvo Cars, Geely Holding create powertrain JV
Swedish carmaker Volvo Cars and its parent company Geely Holding announced on Thursday the creation of a powertrain joint venture, Kallanish reports.
The merged operations into Aurobay, a stand-alone business, will enable Volvo Cars to fully focus on the development of its new range of all-electric premium cars. Volvo will transfer all assets in its subsidiary Powertrain Engineering Sweden including related R&D team, plus its engine plant in China, to the new…
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Anonymous
Very good overview of the weekly steel market.
Anonymous