Volvo is now recovering from the economic crisis of Europe , cut production costs and boost sales. Volvo CEO Hakan Samuelsson said last week, there has been no positive signal in Europe. On the other hand, the condition of North America and China remain normal start growing again although not as high as before.
After agreeing to help transfer technology to Zhejiang Geely Holding Group, Volvo Car Corporation received injections of funds of 1.2 billion U.S. dollars from China Development Bank that will be used to repay debt and increase production.
