Commerce Department to Allow Volvo Sales Despite Chinese Ownership, Espionage Concerns
Source: Fdd
Published:
<p>Volvo will be staying in the American market despite concerns that its vehicles may vacuum up data for delivery to the firm’s majority shareholders in China.</p> <p>On May 27, Bloomberg reported that the Commerce Department and Volvo, which is majority-owned by Chinese auto firm Zhejiang Geely Ho