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Geely, Volvo Differ Over Expansion Plans, FT Says

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(Corrects name of Volvo Car Corp. in first paragraph.)

Dec. 3 (Bloomberg) -- Volvo Car Corp. managers in Sweden and owner Zhejiang Geely Holding Group Co. differ over how to expand the business in China, the Financial Times reported, citing several unidentified people close to the discussions.

Geely wants to build as many as three car plants in China, while Swedish managers want to ensure there is a “solid business base” there before expanding, the FT said.

Link to Company News:{175 HK <Equity> CN <GO>} Link to Company News:{VOLVB SS <Equity> CN <GO>}

To contact the reporter on this story: John Duce in Hong Kong at jduce1@bloomberg.net

To contact the editor responsible for this story: Stanley James at sjames8@bloomberg.net

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