Doug Speck, Volvo, at the 2010 LA auto show

Doug Speck, Volvo, at the 2010 LA auto show

2010 Los Angeles Auto show – Lou Ann Hammond, CEO, Driving the Nation, talked to Douglas C. Speck is President and CEO of Volvo Cars of North America (VCNA).

The Swedish carmaker Volvo, is owned by the Chinese group Zhejiang Geely Holding Group (Geely). Geely, one of China’s biggest privately owned auto makers has built a business selling cars, and motorcycles. Mr. Li Shu Fu founded Zhejiang Geely Holding (Group) Co., Ltd. and serves as it’s Chairman.

Volvo’s CEO, Stefan Jacoby was the keynote speaker for the 2010 Los Angeles auto show. Jacoby and Speck both say that Volvo wants to sale 800,000 unit’s globally.

In addition to that Volvo will have a test fleet of electric vehicles this year, and a hybrid in 2012. All Volvos are currently produced in Sweden. The hybrid battery will come an American company called Enerdel.

There are two manufacturing plants for Volvo right now: one in Belgium, one in Sweden.

I asked Speck to differentiate the cars that will be made in China from the ones that will be made in Sweden.

Volvo used to be owned by Ford Motor Co. What is the difference between being owned by Ford and being owned by Geely?