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Volvo Cars divests its holding in Aurobay to Geely Holding

On November 8, Volvo Cars announced that it will divest its 33% holding in Aurobay to Geely Holding. Aurobay was formed as a stand-alone business in 2021
The divestment is yet another important step in Volvo Cars’ transformation towards becoming a fully electric car manufacturer. It also makes Volvo Cars the first ca....

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