Over the years, what the doubters initially saw as "selling freezers to Eskimos" grew to be by far the largest export activity for Volvo Cars.
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The purchase of the renowned Swedish Volvo by the unheard-of Chinese Geely has garnered considerable media attention, particularly in Sweden and China. It is the greatest foreign acquisition made by a Chinese corporation, ushering in a new age in which the world's fastest-growing economy—China—has evolved into a powerhouse.
Due to the complexity of the transaction and the stark differences between the two companies involved, there is considerable interest in the goods, market, financial state, brand, and technology, among other factors. It was discovered that these two businesses share very little in common but have vastly different product categories, technologies, brands, cross-cultural interactions, linguistic differences, etc. As a result, the integration does not immediately result in cost savings.
Thus, it was so important to have a presence in the united states.
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