Volvo cars may go public in combination with Geely Auto unit

A Volvo staff sits inside a classic Volvo P 1800 automobile at the GP Ice Race event in Zell am See, Austria last weekend. Volvo Cars may become a public company again, as its Chinese owner Li Shufu considers combining the Swedish automaker with his publicly traded auto unit to create a global carmaker with presence in all major markets. - Bloomberg

BEIJING: Volvo Cars may become a public company again, as its Chinese owner Li Shufu considers combining the Swedish automaker with his publicly traded auto unit to create a global carmaker with presence in all major markets.

Volvo, wholly owned by Li’s Geely Group, will study the proposal to merge with publicly traded Geely Automobile Holdings Ltd., according to a statement on Monday (Feb 10).