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Volvo Cars
Industry:
Automotive
Symbol:
SEHK: 0175
States:
IN
NJ
NC
UT
Country:
Sweden
website:
Sources:
Volvo Cars is a Swedish manufacturer of passenger vehicles. It is owned by Chinese automotive manufacturing company Geely.
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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.
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