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Comment by art3m | Hacker News Reader

Tesla built factory in Germany and hired thousands of workers while Volvo build new EX40 car completely in China. Just saying.

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You mean the factory currently being investigated by authorities for an abysmal safety record and incredibly high number of work accidents?

How is a Chinese company building some cars in China relevant to unions in Sweden? Geely also still builds plenty of cars in Sweden.

Volvo has factories in Sweden, Belgium, USA, China and maybe some additional one I have forgotten about. Their main one is in Gothenburg, Sweden.

The new EX30 will also be built in Belgium it was recently announced.

And Volvo is looking at building new factories in USA.

Geely Holding Group owns 51% of Volvo Cars, your argument is invalid.

(The trucks are manufactured by Volvo AB.)

When I looked at Avanza today it said 82%?

I stand corrected, must've quoted something very old. Parent argument is still invalid, though.

Tesla has factories in China too.

Volvo is chinese

Volvo Cars AB is a publicly traded Swedish company traded on the Stockholm stock exchange.

They have to comply with all relevant Swedish laws for a public Swedish company and all requirements imposed by the Stockholm stock exchange.

Geely Holding owns 82% of Volvo Cars AB according to recent data. Swedish pension companies AMF and Folksam are second and third largest owner with 3.8% and 2.0% of the votes.

So while Geely of course has a massive influence on the company, they can not do whatever they want, they have to abide by the rules and respect the other owners as well, and the other owners are also present on eg the board

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