By on September 14, 2010

When Geely bought Volvo from Ford, the feel-good story was that production will remain ind Sweden, with maybe another Chinese factory for Chinese consumption.  So much for that. Geely may build three Volvo plants in China, a Geely spokesman told Reuters today.

If the plan is fully executed, Geely would have a combined production annual capacity  for 300,000 Volvos in China per year. The final plan needs the approval of Volvo’s board and that of the Chinese government. It would double Volvo’s capacity.

Volvo Cars sold 334,000 cars in 2009, with a pre-tax loss of $653 million.

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