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Volvo Cars corp., approved to start production in China

Tuesday, 19 March 2013
Volvo Cars, owned by Chinese Geely Holding, has won approval in China to start producing vehicles in the

country.
This come from reports in Swedish media sources referring to three people familiar with the matter, and reports on Bloomberg News.

The National Development and Reform Commission is said to have recently authorized Volvo’s production plan according to the report. The State Council, or cabinet, has to give final approval, though chances of rejection are negligible, said one of the people. Read more from Bloomberg
by Scancomark.com Team

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