Volvo and Geely to Merge Combustion, Hybrid Engine Operations
The new combustion engines business will combine 3,000 employees from Volvo Cars with 5,000 employees from Geely's combustion engine operations, without any job losses.
Volvo Cars will merge its engine development and manufacturing assets with those of parent Geely, creating a division to supply in-house brands Lotus, LEVC, Lynk and Proton, and also potential rivals with next-generation combustion and hybrid engines. It mark
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