Volvo Car CEO Rejects Worries Over R&D Shifting to China

Upcoming job cuts at Volvo Car AB are not a sign that the carmaker’s Chinese owner is taking more control over product development, Chief Executive Officer Hakan Samuelsson said.

“People worry Geely will centralize R&D in China. That’s a misunderstanding,” Samuelsson said in an interview in Stockholm on Friday. “There’s no such plan, and Chinese operations are also cutting costs,” he said.