Volvo's $1B Innovation to Unlock China

Volvo's $1B Innovation to Unlock China Play

Nov. 13 (Bloomberg) –- A Chinese investment firm bought Volvo from Ford back in 2010, and has invested several billion dollars in revitalizing the brand. Over $1 billion has been spent on a new family of engines, the first built without help from Ford in many many years. Bloomberg's Willem Marx reports on one refurbished powertrain plant in central Sweden where the new engine has been getting ready to hit the production line. (Source: Bloomberg)

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