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Volvo Cars

Volvo Cars

Industry: 
Automotive
Symbol: 
SEHK: 0175
States: 
IN
NJ
NC
UT
Country: 
Sweden
Sources: 

Volvo Cars is a Swedish manufacturer of passenger vehicles. It is owned by Chinese automotive manufacturing company Geely.

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"Last week, Qorbani announced that Benz, Volkswagen, Volvo, Fiat, Rover, Skoda, Renault, Peugeot, Kia and Toyota would take part in the Iranian auto expo, adding that the US car-manufacturers would also join the event. 'In case of desirable conditions, General Motors and Ford companies will also attend the event.' He continued that some leading car parts makers, including Siemens, FORD Mendo, Busch, FRW and ACI would attend the gathering. The event will start work on December 10." (Fars News, "55 Giant Int'l Carmakers, Part-Makers to Participate in Iranian Auto Expo," 11/2/14)

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"Previously, 25 car brands were included in the list, such as South Korean brands (Kia and Hyundai), Chinese brands (SAIC motors), Italian brands (Fiat, Alpha Romeo), Japanese brands (Honda, Mitsubishi), German brands (ABT), and Swedish brands (Volvo)." (Azer News, "Iran bans imports of renowned car brands," 5/27/2013) 

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In 2011, it was reported that Beni Lamberg, Volvo's Iran and Middle East marketing manager, said the company will stay in Iran despite sanctions posed by the United States and UN. (Persian Khodro, "Volvo: We Stay in Iran Despite Sanctions," 2/5/2011)

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"Two European makers of luxury cars, Sweden's Volvo and Audi AG from Germany are reportedly to launch production lines in Iran by the next year.  As Khabar Online correspondent reports, the representatives of the two companies are currently in Tehran negotiating with a team of directorsof Iranian automaker companies and Iranian government representatives to reach an agreement on initiating production lines." (Khabaronline, "Volvo, Audi to launch production lines in Iran," 2010)

Response: 

No response at this time.