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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding
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To: elmatador who wrote (12951)8/29/2024 2:19:57 PM
From: Elroy Jetson   of 13781
 
China's auto makers are continuing their rapid collapse into bankruptcy.

Polestar is 89.5% owned by Geely Auto of China. While Geely itself is still allegedly profitable on paper, that doesn't bear close scrutiny.

The Geely subsidiary Volvo Cars is 78.9% owned by Geely Holdings of China, with the balance owned by employees with some publicly traded shares, while Polestar is 50% owned directly by Geely and 39.5% indirectly owned by Geely through their subsidiary Volvo auto.
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