2010 Los Angeles Auto show

Lou Ann Hammond, the 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 automakers 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 sell the 800,000 units 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 to 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?