Volvo stops funding Polestar, hands stake to Chinese-owned Geely


Funding and control of Polestar is shifting. On Thursday Volvo announced it is shifting «full operational and financial support» of its Polestar subsidiary to Chinese-owned Geely. Volvo itself is a subsidiary of Geely, which snapped up the Swedish automaker from Ford in 2010. Volvo and Geely never fully merged, but the two automakers deeply…


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