We own a 2004 XC90 that we love. It has 481 000 kms. I really want to keep it as long as possible but the electronic gremlins are becoming a bit problematic. So we're looking at other used Volvos. In this process, we discovered that the company has been owned by China since 2010. I am not happy about that. So I'm not sure how to proceed. I don't want to support the CCP in any way. Nor do I trust the quality if it's not actually Swedish anymore. Thoughts on this?

 

In regards to China buying the volvo company in 2010?...I too was disappointed to hear about that also...I still am curious to why they do such a thing & wonder if volvo just sells out the U.S. car buyers sadly since "made in China " is now the norm for U.S. consumers it probably wouldn't surprise me if they lowered the quality due to quantity... cheap labor is the last thing most proud European car companies want to be known for ...but I never can say never ...these days but my faith is strong in this one...!

 

aside from shrugging my shoulders on the question of reliability issues due to being owned by a chinese company, but think of it this way - Geely owns all Volvo's stock and controls the board of directors. Volvo still exists as a car company in Sweden, still have their design and engineering studios, globally diverse assembly plants and they still buy components from leading industry suppliers. BTW, you can look at the VIN of a car and it will tell who where the car was manufactured in case you are curious. PS, if this bothers you, don't buy a Lotus either :-)

 

or an iPhone, television set, many solar panels etc. The window sticker lists point of origin of many components components an example from a 2020 V90:

US/Canadian 1%
Sweden 35%
Engine parts Sweden
Transmission Japan
Assembly Point Sweden

 

It was reported June 30th that Geely is thinking about spinning off Volvo with an IPO. if anybody is interested. They're keeping some Chinese factories though.

 

I am new here and new to Volvos and I too was a bit concerned about this change of ownership but... we live in a globalized world these days and I don't know of too many industries which get away from it. Jaguar is owned by India, Chrysler by FIAT etc.. etc... BMW makes a lot of cars in China and a lot of their parts too. I found it interesting when shopping for an XC60 T8 that the label went from 21% Swedish originated parts and no mention of China in 2018 to now 30% Chinese and 15% swedish for 2019 models regardless of the country of assembly. Other models have different ratios and it makes me wonder what the lower level breakdown is. In any case, it made me think of the industry I work at and made me realize it is not a concern. Financial interest is the main part which has transitioned but the design and quality should not be at risk. Now if you don't want to support the CCP, you have a lot more things (and more effective things) to do than to base your car choice on this like others said.