Pankaj16. Volvo
Headquarters: Gothenburg, Sweden
Bought By: Geely Auto
Headquarters: Hangzhou
Volvo may be a Swedish-born company, but it has history in America. AB Volvo sold Volvo cars to Ford in 1999, but ten years later the business would change hands again. This time, it was Chinese company the Geely Holding Group that came knocking.
Geely bought Volvo for $1.68 billion. The company has remained owned by them ever since. The union proved fruitful. Within 5 years, Volvo was back on top, selling 5 million cars for the first time in its operating history. Together, Geely and Volvo have continued to make strides and grow the brand.