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I thought Volvo was publicly traded. Had to look it up.

Volvo Group - sells trucks - publicly traded - Swedish

Volvo Cars - sells cars - not publicly traded - 100% owned by Geely (Chinese)

Volvo Cars ≠ Volvo Group

Volvo Cars is still publicly traded. Ticker symbol is VOLCAR B on the Swedish NASDAQ: https://au.finance.yahoo.com/quote/VOLCAR-B.ST/

Geely owns around 79% of the shares, with the rest split up between pension funds and private equity.