Swedish based and Chinese owned Volvo Cars says it is a premium manufacturer, up there with the likes of BMW, Mercedes and Audi, and we are about to find out if investors agree. A stock market sale is thought to be imminent, and speculation about its value ranges from $15 billion to $30 billion. Volvo Cars is owned by Zhejiang Geely Holding Group, which bought it from Ford Motor in 2010. Geely chairman Li Shufu recently bought a 9.69% stake in Daimler for $9 billion, which led to speculation Mercedes and Volvo might be up for cooperation. “Volvo remains a comparative small fish in a shark-infested prestige sector sea ruled principally by Mercedes, BMW and Audi.

Source: Forbes May 14, 2018 12:22 UTC