Workers prepare a Volvo S60 for a presentation at a Volvo Cars U.S. production plant in Ridgeville, South Carolina, U.S. June 20, 2018. REUTERS/Randall Hill 

A Volvo S60 is displayed during the inauguration of Volvo Cars first U.S. production plant in Ridgeville, South Carolina, U.S., June 20, 2018. REUTERS/Randall Hill 

Members of the media look over the Volvo S60 during the inauguration of Volvo Cars first U.S. production plant in Ridgeville, South Carolina, U.S., June 20, 2018. REUTERS/Randall Hill 

A cameraman gets video of the Volvo S60 during the inauguration of Volvo Cars first U.S. production plant in Ridgeville, South Carolina, U.S., June 20, 2018. REUTERS/Randall Hill 

A Volvo S60 is displayed during the inauguration of Volvo Cars first U.S. production plant in Ridgeville, South Carolina, U.S., June 20, 2018. REUTERS/Randall Hill 

South Carolina Governor Henry McMaster checks out the Volvo S60 during the inauguration of Volvo Cars first U.S. production plant in Ridgeville, South Carolina, U.S., June 20, 2018. REUTERS/Randall Hill 

The Volvo S60 is displayed during the inauguration of Volvo Cars first U.S. production plant in Ridgeville, South Carolina, U.S., June 20, 2018. REUTERS/Randall Hill 

The Volvo S60 is revealed at a ceremony during the inauguration of Volvo Cars first U.S. production plant in Ridgeville, South Carolina, U.S., June 20, 2018. REUTERS/Randall Hill 

South Carolina Governor Henry McMaster looks over the interior of the Volvo S60 during the inauguration of Volvo Cars first U.S. production plant in Ridgeville, South Carolina, U.S., June 20, 2018. REUTERS/Randall Hill 

Members of the media look over the Volvo S60 during the inauguration of Volvo Cars first U.S. production plant in Ridgeville, South Carolina, U.S., June 20, 2018. REUTERS/Randall Hill 

People look on before a reveal ceremony for the Volvo S60 during the inauguration of Volvo Cars first U.S. production plant in Ridgeville, South Carolina, U.S., June 20, 2018. REUTERS/Randall Hill 

The 2019 Volvo V60 is displayed at the New York Auto Show in the Manhattan borough of New York City, New York, U.S., March 28, 2018. REUTERS/Shannon Stapleton 

The Volvo logo is seen on the grille of the 2019 Volvo V60 at the New York Auto Show in the Manhattan borough of New York City, New York, U.S., March 28, 2018. REUTERS/Shannon Stapleton 

A worker polishes the 2019 Volvo V60 at the New York Auto Show in the Manhattan borough of New York City, New York, U.S., March 28, 2018. REUTERS/Shannon Stapleton 

Anders Gustafsson, Volvo Car USA, President and CEO, speaks in front of the 2019 Volvo V60 at the New York Auto Show in the Manhattan borough of New York City, New York, U.S., March 28, 2018. REUTERS/Shannon Stapleton 

Anders Gustafsson, Volvo Car USA, President and CEO, accepts the 2018 World Car of the Year Award for the Volvo XC60 at the New York Auto Show in the Manhattan borough of New York City, New York, U.S., March 28, 2018. REUTERS/Brendan McDermid 

Anders Gustafsson, Volvo Car USA, President and CEO, accepts the 2018 World Car of the Year Award for the Volvo XC60 at the New York Auto Show in the Manhattan borough of New York City, New York, U.S., March 28, 2018. REUTERS/Brendan McDermid 

Anders Gustafsson, Volvo Car USA, President and CEO, accepts the 2018 World Car of the Year Award for the Volvo XC60 at the New York Auto Show in the Manhattan borough of New York City, New York, U.S., March 28, 2018. REUTERS/Brendan Mcdermid 

Anders Gustafsson, Volvo Car USA, President and CEO, accepts the 2018 World Car of the Year Award for the Volvo XC60 at the New York Auto Show in the Manhattan borough of New York City, New York, U.S., March 28, 2018. REUTERS/Brendan Mcdermid 

Anders Gustaffson, President, North America Volvo, poses with the award for North American Utility Vehicle of the Year next to the winning 2018 Volvo XC60 at the North American International Auto Show in Detroit, Michigan, U.S., January 15, 2018. REUTERS/Brendan McDermid 

Anders Gustaffson, President, North America Volvo, accepts the award for North American Utility Vehicle of the Year for the 2018 Volvo XC60 at the North American International Auto Show in Detroit, Michigan, U.S., January 15, 2018. REUTERS/Brendan McDermid 

The The 2018 Volvo XC60 (L) and Volvo S90 are displayed at the 2017 New York International Auto Show in New York City, U.S. April 12, 2017. REUTERS/Lucas Jackson 

The 2018 Volvo XC60 is displayed at the 2017 New York International Auto Show in New York City, U.S. April 12, 2017. REUTERS/Lucas Jackson 

Stefan Jacoby, President and CEO of Volvo Cars, shows the XC60 Plug-In Hybrid Concept during the first press preview day for the North American International Auto Show in Detroit, Michigan, January 9, 2012. REUTERS/Rebecca Cook (UNITED STATES - Tags: TRANSPORT BUSINESS) 

The new Volvo S60 is seen during the opening day of the Shanghai Auto Show in this April 19, 2011 photo. When Geely Auto snapped up Swedish car maker Volvo last year in what was to be China's largest auto acquisition, the uneasy marriage might have best been described by the Chinese saying: "Same bed, different dreams". Nine months later, the strategy differences which marked the early stage of the partnership appear to have been smoothed over and Volvo is beginning to make inroads in the world's largest auto market. To match Analysis VOLVO/CHINA REUTERS/Carlos Barria/Files (CHINA - Tags: BUSINESS TRANSPORT) 

The new Volvo S60 is seen during the Shanghai Auto Show in this April 20, 2011 photo. When Geely Auto snapped up Swedish car maker Volvo last year in what was to be China's largest auto acquisition, the uneasy marriage might have best been described by the Chinese saying: "Same bed, different dreams". Nine months later, the strategy differences which marked the early stage of the partnership appear to have been smoothed over and Volvo is beginning to make inroads in the world's largest auto market. To match Analysis VOLVO/CHINA REUTERS/Carlos Barria/Files (CHINA - Tags: BUSINESS TRANSPORT) 

Zhejiang Geely Holding Group Chairman Li Shufu (L), Volvo CEO Stefan Jacoby (C), and Volvo China Chairman Freeman Shen stand next to a Volvo S60 car during the Volvo Cars China Business Strategy Launch in Beijing February 25, 2011. China's Geely-owned Volvo will invest up to $11 billion into new product development and facilities over the next five years, its chief executive said on Friday, as the vintage Swedish brand moves to raise its global profile. To match Interview VOLVO-CEO/ REUTERS/Christina Hu (CHINA - Tags: TRANSPORT BUSINESS) 

The Volvo logo is seen on a new XC60 model in a showroom near the Volvo Car Corporation Headquarters in Gothenburg May 20, 2010. Chairman of Zhejiang Geely Holding Group Li Shufu reached a deal in March 2010 to buy Volvo Cars for $1.8 billion -- less than a third of what Ford had paid a decade ago -- plus an additional $900 million in investment. The agreement is the latest example of China's growing clout on the international stage. Picture taken May 20, 2010. To match Special Report GEELY-VOLVO/ REUTERS/Bob Strong (SWEDEN - Tags: TRANSPORT BUSINESS) 

A new Volvo S60 car is displayed at the Beijing Auto Show in Beijing April 23, 2010. China overtook the United States as the world's biggest auto market in terms of number of vehicles sold in 2009, helped by Beijing's incentives. REUTERS/Grace Liang (CHINA - Tags: TRANSPORT BUSINESS) 

The 2011 Volvo S60 sits on display during the New York International Auto Show in New York March 31, 2010. REUTERS/Shannon Stapleton (UNITED STATES - Tags: TRANSPORT BUSINESS) 

The new Volvo S60 car is unveiled by Volvo Car Corp. President & CEO Stephen Odell on the exhibition stand of Volvo during the first media day of the 80th Geneva Car Show at the Palexpo in Geneva March 2, 2010. REUTERS/Denis Balibouse (SWITZERLAND - Tags: TRANSPORT BUSINESS) 

The new Volvo S60 car is unveiled by Volvo Car Corp. President & CEO Stephen Odell on the exhibition stand of Volvo during the first media day of the 80th Geneva Car Show at the Palexpo in Geneva March 2, 2010. REUTERS/Denis Balibouse (SWITZERLAND - Tags: TRANSPORT BUSINESS) 

The new Volvo S60 car is unveiled by Volvo Car Corp. President & CEO Stephen Odell on the exhibition stand of Volvo during the first media day of the 80th Geneva Car Show at the Palexpo in Geneva March 2, 2010. REUTERS/Denis Balibouse (SWITZERLAND - Tags: TRANSPORT BUSINESS) 

The new Volvo S60 car is unveiled by Volvo Car Corp. President & CEO Stephen Odell on the exhibition stand of Volvo during the first media day of the 80th Geneva Car Show at the Palexpo in Geneva March 2, 2010. REUTERS/Denis Balibouse (SWITZERLAND - Tags: TRANSPORT BUSINESS) 

A new Volvo model car, S60, is displayed at the Shanghai International Auto show April 20, 2009. REUTERS/ Aly Song (CHINA TRANSPORT BUSINESS) 

A Volvo S60 Concept car is displayed in the Volvo showcase during the first media day of the 79th Geneva Car Show at the Palexpo in Geneva March 3, 2009. REUTERS/Denis Balibouse (SWITZERLAND) 

A Volvo S60 Concept car is displayed in the Volvo showcase during the first media day of the 79th Geneva Car Show at the Palexpo in Geneva March 3, 2009. REUTERS/Denis Balibouse (SWITZERLAND) 

A Volvo employee uses a remote control to open the doors of the S60 Concept displayed during the first media day of the 79th Geneva Car Show at the Palexpo in Geneva March 3, 2009. REUTERS/Denis Balibouse (SWITZERLAND) 

The new Volvo S60 Concept car is displayed during the first media day of the 79th Geneva Car Show at the Palexpo in Geneva March 3, 2009. REUTERS/Denis Balibouse (SWITZERLAND) 

The interior of the Volvo S60 concept vehicle is seen during the North American International Auto Show in Detroit, Michigan January 13, 2009. REUTERS/Mark Blinch (UNITED STATES) 

The Volvo S60 concept vehicle is seen during the North American International Auto Show in Detroit, Michigan January 13, 2009. REUTERS/Mark Blinch (UNITED STATES) 

Volvo's S60 concept vehicle is displayed during the North American International Auto Show in Detroit January 11, 2009. REUTERS/Rebecca Cook (UNITED STATES) 

Volvo Car Corp. President & CEO Stephen Odell introduces the S60 concept vehicle during the North American International Auto Show in Detroit, Michigan, January 11, 2009. REUTERS/Rebecca Cook (UNITED STATES) 

Volvo's S60 concept vehicle is displayed at the North American International Auto Show in Detroit January 11, 2009. REUTERS/Rebecca Cook (UNITED STATES) 

Volvo Car Corp. President and CEO Stephen Odell (L) and Senior Vice President of Design Steve Mattin pose next to the S60 concept vehicle during press days at the North American International Auto Show in Detroit, Michigan, January 11, 2009. REUTERS/Rebecca Cook (UNITED STATES) 

Volvo introduces its S60 concept vehicle during press days at the North American International Auto Show in Detroit, Michigan, January 11, 2009. REUTERS/Rebecca Cook (UNITED STATES) 

A CREW OF VOLVO ROUND-THE-WORLD YACHT ASSA ABLOY THROWS WREATH DURING
MEMORIAL CEREMONY TO SIR PETER BLAKE IN SYDNEY.


A crew of Assa Abloy, one of eight Volvo-class 60 yachts which paused
in Darling Harbour prior to heading to the Sydney-Hobart race start
line, throws a wreath into the water as a tribute to Sir Peter Blake
December 26, 2001. Blake, who twice led New Zealand to success in the
Ameica's Cup, was murdered by pirates who attacked his yacht in
Amazonia in Brazil on December 5. REUTERS/Tim Wimborne 

Scania managing director Leif Ostling, Investor managing director Marcus Wallenberg, and AB Volvo chief executive Leif Johansson shake hands August 6 after Volvo said it had agreed to buy rival busmaker Scania for 60.7 billion crowns ($7.5 billion) to create the world's second-largest maker of heavy trucks. Volvo said it had achieved its long-held aim of taking over Scania after striking a deal with Scania's main shareholder, Investor AB, which has resisted its advances ever since it first bought a stake in the company last January. (SWEDEN OUT, NORWAY OUT)