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While Volvo's parent company is Geely, China's auto manufacturers who buy it from Ford in 2010 and, not having this segment. Despite the fact that most of the products Geely play in small vehicles.
Looks like this is not a matter of size, but more to the problem of technical capabilities. This is reasonable considering the Volvo name synonymous with safety and high technology, and Volvo did not want to play for it.
Swedish car PRODUCER seeking partners to share in development costs specifically associated with the development of new small car range. Volvo is currently preparing to introduce the model V40 (photos appear in the sheath).