Volvo deal connects China, Sweden
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E-mail China.org.cn, April 25, 2012
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Premier Wen Jiabao visits the Volvo factory in Gothenburg, Sweden, on Tuesday. [Xinhua] |
Chinese Premier Wen Jiabao Tuesday visited China-owned, Sweden-based automaker Volvo Cars, where he called the takeover of Volvo by China's Geely Holding Group as a "example of success" for cooperation between the two country's companies.
Geely bought Volvo Cars from Ford in 2010 in what Wen called a marriage that marks cooperation "of not just capital, but also technology, managerial expertise and markets" as well as a bond connecting the Chinese and Swedish people.
The acquisition has benefited the company's staff, created jobs and contributed to taxation, he said, echoing a remark by Volvo CEO Stefan Jacoby at the start of his 90-minute special tour.
Calling Volvo "part of the Swedish soul", Sweden's Minister for Enterprise Annie Loof said the automaker now has two home countries, responsible ownership from the world's largest car market, and a skillful workforce.
Volvo sold a total of 100,881 vehicles in China in the first quarter of this year, up 24.2 percent year on year.
Wen paid the visit to Volvo during his four-nation tour to Europe, which has already taken him to Iceland and Germany. The premier later flew to Stockholm and met King Carl XVI Gustaf..
He was also scheduled to talk to Fredrik Reinfeldt, his Swedish counterpart, later on Tuesday and attend the signing ceremony of a series of deals on environmental protection and energy conservation.
Wen emphasized on the real economy, innovation and cooperation, which accoding to him would drive the global economic recovery, in his eight-day European trip.
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