Unpacking the Ownership Structure of Volvo Cars

Major control changes have taken place at Volvo Cars, the Swedish luxury carmaker, over the past decade. It is often said that Volvo Cars is owned by a Chinese multinational automotive corporation called Geely. Nonetheless, many people have a keen interest in understanding the extent to which this is true.

Geely’s Purchase of Volvo

In 2010, Geely Holding Group bought Volvo Cars from Ford Motor Company for $1.8 billion. The transaction was a significant move toward Geely’s worldwide growth plan and established it as one of the major participants in the automotive industry. Ever since then, Geely has been actively involved in managing and guiding the future direction of Volvo Cars.

Who Owns It Now?

The most recent information available suggests that Geely Holding Group still holds a substantial share in Volvo Cars. However, it would be incorrect to state categorically that 100%

Simplified Steps and Key Considerations for Algerian Buyers When Importing Cars from China

Introduction:

This article provides a comprehensive guide for Algerian buyers on importing used cars from China in 2025. It covers essential steps, key considerations, and valuable tips to ensure a smooth and successful import process.

Find the right partner in China before importing:

If Algerian buyers want to import Chinese used car into Algeria, the first thing you need to do is finding a reliable Chinese car exporter. Website like TopUsedCars offers a variety of options and can be a good starting point.

Understanding Import Regulations:

1. Algeria residents can import one used car from Overseas every three years. The cars' power source can be EV, gasoline, or hybrid, but not diesel

2. The vehicle age cannot exceed 3 years

3. Individual models allowed to import: passenger cars (no more than 9 seaters); Commercial vehicles (no

Risks, Red Flags of Modification Export and How to Protect Your Business, uncover the dangers of tax evasion, document fraud, and customs seizures in the overseas car market, and learn actionable steps to avoid falling victim to these fraudulent schemes.

Recently, the overseas car import market has seen a surge in brand-new Chinese vehicles being offered at suspiciously low prices. While this might seem like a golden opportunity for buyers, it often hides a dangerous and illegal practice known as "modification export for passenger vehicles."

This article focuses on the risks of modification exports, specifically for gasoline-powered cars, which are subject to China’s 10% purchase tax. Notably, new energy vehicles (NEVs), such as electric cars, are exempt from this tax, making them less vulnerable to illegal export practices.

We’ll explore the dangers of modification exports, their impact on global buyers and legitimate exporters, and how you can protect your business from falling victim

Understanding regulations and procedures for importing used cars from China into Egypt

Introduction:

This article provides a detailed guidance for Egyptians to import used cars from China into Egypt. It includes regulations of Egypt, documentations, taxes, and useful tips for importing progress, which can help Egyptian car buyers have a good preparation.

Regulations for Importing Used Vehicles:

If Egyptians want to import cars from China, there are some specific regulations about safety and environment for them to comply with.

1. Under Egyptian law, Egyptians can only import used car with its age less than 3 yearsfrom the date of manufacturing.

2. Vehicles must meet standards of Euro 4 emission, which aim to reduce harmful emission and improve air quality.

3. Previously, Egyptians importing used cars enjoyed tax exemption, and all that was required was to deposit the exempt amount in a bank. Now, they need to make direct payments

A Shift in Consumer Preferences and the Impact on Joint Venture Vehicles

The automotive industry in China has been witnessing a significant shift in recent years, with domestic brands gaining ground and challenging the dominance of joint venture vehicles. Once revered for their quality and reliability, models like the Toyota Corolla and Honda Fit have seen their sales plummet due to the rise of competitive homegrown alternatives. This article explores the factors contributing to this change and the implications for the future of China's automotive market.

The Fall of Toyota Corolla and Honda Fit

The Toyota Corolla, once a symbol of affordability and reliability, has experienced a dramatic drop in sales, with only 4,320 units sold in April of this year. Similarly, the Honda Fit, known for its spaciousness and performance, has seen its sales dwindle to a fraction of its former success. The discounts for