AB Volvo will drop the CEO of Zheijang Geely Holding-owned Volvo Cars from its board. The move comes after Geely founder Li Shufu revealed last week that he has built up an almost 10 percent stake in the Swedish truck maker’s rival, Daimler.
AB Volvo will drop the CEO of Zheijang Geely Holding-owned Volvo Cars from its board. The move comes after Geely founder Li Shufu revealed last week that he has built up an almost 10 percent stake in the Swedish truck maker’s rival, Daimler.