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Originally Posted by Tacoma
China bashing is a popular trend these days but Volvo Executive Erik Severinson said "We have a lot of freedom as a brand to develop our own products" and Volvo and Geely will cooperate only “where it makes sense.” So the heart and soul of Volvo remains with Volvo.
According to Ward's Auto: "More than a decade later, Chinese ownership has helped change Volvo from a money-losing albatross to a trend-setting electric-vehicle manufacturer." Indeed, Volvo Cars just reported its 14th consecutive month of growth as global sales, so not only are they still in business but they're doing better than the good old days before Geely that some reminisce fondly about.
As for concerns regarding reliability, according to the 2023 US Vehicle Dependability Study, Volvo ranks ahead of VW, Mercedes and Audi, and also Tata (India) owned Jaguar and Land Rover too. Just saying.
And speaking of VW, brand chief Thomas Schaefer recently warned Volkswagen’s original brand [VW] is “no longer competitive” and is planning big layoffs. Maybe this thread title should be renamed 'How is VW possibly still in business?' and they should sell to Geely to get back in shape.
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VAG sales are up something like 15% globally this year, pretty sure they will be fine. The reports of layoffs comes as a result of shrinking market share in China and reduced operating profit. A lot of "right sizing" is happening in all consumer markets these days (or is to come).