Volvo, Geely Working on Global Subcompact Car

Volvo, Geely Working on Global Subcompact Car

Volvo and Chinese parent company Geely are working together on a sub-compact car that will be used exclusively by the Chinese automaker.

The subcompact will be used by Geely to compete with international rivals in the marketplace such as the Ford Fiesta, Volkswagen Polo, Honda Fit and Toyota Yaris according to a new report. According to Volvo CEO Hakan Samuelsson, the subcompact will make an appearance on the market in several years.

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A key goal of the project is to engineer a model that meets safety and quality standards in Western markets, a place that Chinese automakers have struggled to gain traction. Development on the subcompact has begun at in Sweden at a facility the two companies jointly opened last year. This is the second joint project to commence at the R&D center; the first is a compact car platform that will be shared between both automakers.

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[Source: Automotive News]

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