Volvo Can Soon Get Mercedes-Benz’s Engines
According to reports from Germany, the Swedish Volvo company can soon get engines from the lineup of Mercedes-Benz.
The Australian magazine CarAdvice.com, with reference to the German Manager Magazin, reports that Daimler, which owns the Mercedes-Benz brand, is considering closer cooperation with Geely, the “Chinese parent” of Volvo. Also it’s worth noting that Li Shufu, the head of the auto giant from China, owns a 9.7-percent share in Daimler.
The areas for partnerships are cooperation in the development of electric vehicles and the production of their EV components, as well as the supply of Volvo Cars engines and “other components”.
“An electric constituent” shows that Geely can produce its own versions of the models from the future Mercedes-Benz EQ line.
“Other components” supplied by Volvo are infotainment systems or driver assistance modules.
Despite the absence of official comments from the representatives of Daimler, the message adds that the German company can expect to buy a small share in Volvo.