The combined unit would supply two million diesel and gasoline-powered engines, versus the 600,000 Volvo produces today, giving the two companies more scale to reduce material costs
NEW YORK: Volvo Cars and China’s Geely plan to merge their engine operations into a standalone company, a step the Swedish automaker says will cut costs as it shifts to a fully-electrified lineup.
The combined unit would supply two million diesel and gasoline-powered engines, versus the 600,000 Volvo produces today, giving the two companies more scale to reduce material costs.
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