{"id":46940,"date":"2023-11-18T01:20:00","date_gmt":"2023-11-18T01:20:00","guid":{"rendered":"https:\/\/www.carscoops.com\/?p=2866921"},"modified":"2023-11-18T01:20:00","modified_gmt":"2023-11-18T01:20:00","slug":"volvo-shares-plummet-after-geely-trims-stake-but-its-supposedly-all-part-of-the-plan","status":"publish","type":"post","link":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/2023\/11\/18\/volvo-shares-plummet-after-geely-trims-stake-but-its-supposedly-all-part-of-the-plan\/","title":{"rendered":"Volvo Shares Plummet After Geely Trims Stake, But It\u2019s Supposedly All Part Of The Plan"},"content":{"rendered":"<div><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/320935_Volvo_EM90_Concept_World_Stills-copy-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"\" loading=\"lazy\" style=\"margin-bottom: 15px;\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/320935_Volvo_EM90_Concept_World_Stills-copy-1024x576.jpg 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/320935_Volvo_EM90_Concept_World_Stills-copy-400x225.jpg 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/320935_Volvo_EM90_Concept_World_Stills-copy-768x432.jpg 768w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/320935_Volvo_EM90_Concept_World_Stills-copy-1536x864.jpg 1536w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/320935_Volvo_EM90_Concept_World_Stills-copy.jpg 1631w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/div>\n<p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<html><body><\/p>\n<p>The price of Volvo Cars shares fell as much as 14 percent on Friday, causing it to reach record lows. However, the drop was prompted by a sale from the automaker&rsquo;s owner, Geely, which says this is all part of its long-term plan.<\/p>\n<p><!--  [Mobile]med_rect_atf --><\/p>\n<div data-pw-mobi=\"med_rect_atf\" id=\"pwMobiMedRectAtf\"><\/div>\n<p><script type=\"text\/javascript\">\n  window.ramp.que.push(function () {\n      window.ramp.addTag(\"pwMobiMedRectAtf\");\n  })\n<\/script><\/p>\n<p>At its peak, the Chinese company held an 82 percent stake in Volvo and contends that the resulting limited availability of public shares led to price volatility. This is a <a href=\"https:\/\/www.carscoops.com\/2023\/08\/vinfast-shares-tumble-slashing-value-by-over-90-billion\/\">challenge that VinFast faces as well<\/a>, as its owner commands around 99.7 percent of the company&rsquo;s shares, causing sharp fluctuations in its value.<\/p>\n<p>In an effort to address this issue, Geely opted to divest 100 million of its <a href=\"https:\/\/www.carscoops.com\/tag\/volvo\/\">Volvo Cars<\/a> shares for $350 million, as reported by <a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/volvo-cars-shares-plunge-record-lows-geely-cuts-stake-2023-11-17\/\">Reuters<\/a>. These shares were sold at a rate of 37 Swedish crowns (US$3.51 at current exchange rates) on Thursday, which was below the market value of 40.84 Swedish crowns (US$3.87) when trading concluded for the day.<\/p>\n<div class='in-asd-content'>\n<h6>advertisement scroll to continue<\/h6>\n<div data-pw-desk='med_rect_atf' id='pwDeskMedRectAtf'><\/div>\n<p><script type='text\/javascript'>\n  window.ramp.que.push(function () {\n      window.ramp.addTag('pwDeskMedRectAtf');\n  })\n<\/script>\n<\/div>\n<p><!--  [Mobile]med_rect_btf --><\/p>\n<div data-pw-mobi=\"med_rect_btf\" id=\"pwMobiMedRectBtf1\"><\/div>\n<p><script type=\"text\/javascript\">\n  window.ramp.que.push(function () {\n      window.ramp.addTag(\"pwMobiMedRectBtf1\");\n  })\n<\/script><\/p>\n<p><strong>Read: <a href=\"https:\/\/www.carscoops.com\/2023\/09\/volvo-slashing-jobs-to-save-costs-and-improve-efficiencies\/\">Volvo Cutting Jobs To Save Costs And Improve Efficiencies<\/a><\/strong><\/p>\n<p>        <a href=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/Volvo-HQ.jpg\" data-type=\"inarticle-image-block\"> <\/p>\n<figure class=\"wp-block-image size-large\">\n                <picture><source type=\"image\/webp\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/11\/Volvo-HQ.webp 2200w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/11\/Volvo-HQ-400x267.webp 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/11\/Volvo-HQ-1024x683.webp 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/11\/Volvo-HQ-768x512.webp 768w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/11\/Volvo-HQ-1536x1024.webp 1536w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/11\/Volvo-HQ-2048x1366.webp 2048w\" sizes=\"(max-width: 1920px) 100vw, (max-width: 1535px) 100vw, (max-width: 1024px) 100vw, (max-width: 768px) 1000px, (max-width: 300px) 600px, (max-width: 200px) 200px\"><\/source><img decoding=\"async\" class=\"lazy \" src=\"\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/Volvo-HQ.jpg 2200w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/Volvo-HQ-400x267.jpg 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/Volvo-HQ-1024x683.jpg 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/Volvo-HQ-768x512.jpg 768w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/Volvo-HQ-1536x1024.jpg 1536w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/Volvo-HQ-2048x1366.jpg 2048w\" sizes=\"(max-width: 1920px) 100vw, (max-width: 1535px) 100vw, (max-width: 1024px) 100vw, (max-width: 768px) 1000px, (max-width: 300px) 600px, (max-width: 200px) 200px\" alt=\" Volvo Shares Plummet After Geely Trims Stake, But It&rsquo;s Supposedly All Part Of The Plan\" data-src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/Volvo-HQ-1024x683.jpg\" data-type=\"inarticle-image\">\n                <\/picture>\n            <\/figure>\n<p>        <\/a>  <\/p>\n<p>Due to this transaction, along with an earlier one driven by similar considerations, <a href=\"https:\/\/www.carscoops.com\/tag\/geely\/\">Geely&rsquo;s<\/a> ownership of Volvo Cars has been reduced to 78.7 percent. In a statement, Geely noted that this move aims tol &ldquo;increase the free float and further broaden the shareholder base&rdquo;. <\/p>\n<p>Volvo CEO Jim Rowan was also in favor of the move, saying that the &ldquo;increase in our public float and improvement in trading liquidity benefits both new and existing investors.&rdquo; Geely was clear that it continues to believe in Volvo.<\/p>\n<div id=\"taboola-mid-article\"><\/div>\n<p><script type=\"text\/javascript\">\n  window._taboola = window._taboola || [];\n  _taboola.push({\n    mode: 'thumbnails-a-mid',\n    container: 'taboola-mid-article',\n    placement: 'Mid Article',\n    target_type: 'mix'\n  });\n<\/script><\/p>\n<p>&ldquo;As the majority shareholder, we remain steadfast in our commitment to continue our support of Volvo Cars on its transformation towards becoming a <a href=\"https:\/\/www.carscoops.com\/tag\/electric-vehicles\/\">fully electric<\/a> car maker, and we look forward to continuing this ongoing global success story,&rdquo; said Daniel Donghui, Geely Holding Group CEO.<\/p>\n<p>While some of the share price losses are showing signs of recovery, as reported by <a href=\"https:\/\/www.cnbc.com\/2023\/11\/17\/volvo-shares-tumble-to-record-low-as-parent-company-sells-shares.html\">CNBC<\/a>, Volvo shares have still declined by 25 percent year-to-date. On a positive note, Geely has stated that the proceeds from this trade will be directed toward its business development efforts.<\/p>\n<p>        <a href=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/2024-Volvo-EX30.jpg\" data-type=\"inarticle-image-block\"> <\/p>\n<figure class=\"wp-block-image size-large\">\n                <picture><source type=\"image\/webp\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/11\/2024-Volvo-EX30.webp 2200w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/11\/2024-Volvo-EX30-400x225.webp 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/11\/2024-Volvo-EX30-1024x576.webp 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/11\/2024-Volvo-EX30-768x432.webp 768w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/11\/2024-Volvo-EX30-1536x864.webp 1536w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/11\/2024-Volvo-EX30-2048x1152.webp 2048w\" sizes=\"(max-width: 1920px) 100vw, (max-width: 1535px) 100vw, (max-width: 1024px) 100vw, (max-width: 768px) 1000px, (max-width: 300px) 600px, (max-width: 200px) 200px\"><\/source><img decoding=\"async\" class=\"lazy \" src=\"\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/2024-Volvo-EX30.jpg 2200w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/2024-Volvo-EX30-400x225.jpg 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/2024-Volvo-EX30-1024x576.jpg 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/2024-Volvo-EX30-768x432.jpg 768w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/2024-Volvo-EX30-1536x864.jpg 1536w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/2024-Volvo-EX30-2048x1152.jpg 2048w\" sizes=\"(max-width: 1920px) 100vw, (max-width: 1535px) 100vw, (max-width: 1024px) 100vw, (max-width: 768px) 1000px, (max-width: 300px) 600px, (max-width: 200px) 200px\" alt=\" Volvo Shares Plummet After Geely Trims Stake, But It&rsquo;s Supposedly All Part Of The Plan\" data-src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/2024-Volvo-EX30-1024x576.jpg\" data-type=\"inarticle-image\">\n                <\/picture>\n            <\/figure>\n<p>        <\/a><br \/>\n        <\/body><\/html><\/p>\n\n<h2><b>Commercials Cooperation Advertisements:<\/b><\/h2>\r\n<p><br>(1) IT Teacher IT Freelance<br> <\/p>\r\n<a href=https:\/\/itteacheritfreelance.hk\/wordpress><img src=http:\/\/gamefootballmobileanimeiphone.com\/wp-content\/uploads\/2023\/09\/ITTeacherITFreelance-Website.png alt=IT\u96fb\u8166\u88dc\u7fd2 java\u88dc\u7fd2 \u70ba\u5927\u5bb6\u914d\u5c0d\u96fb\u8166\u88dc\u7fd2,IT freelance, \u79c1\u4eba\u8001\u5e2b, PHP\u88dc\u7fd2,CSS\u88dc\u7fd2,XML,Java\u88dc\u7fd2,MySQL\u88dc\u7fd2,graphic design\u88dc\u7fd2,\u4e2d\u5c0f\u5b78ICT\u88dc\u7fd2,\u4e00\u5c0d\u4e00\u79c1\u4eba\u88dc\u7fd2\u548cFreelance\u81ea\u7531\u5de5\u4f5c\u914d\u5c0d\u3002\/><\/a><p><a href=https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/findteacher>\u7acb\u523b\u8a3b\u518a\u53ca\u5831\u540d\u96fb\u8166\u88dc\u7fd2\u8ab2\u7a0b\u5427! <\/a><br>\r\n\r\n\u7535\u5b50\u8ba1\u7b97\u673a -\u6559\u80b2 -IT \u96fb\u8166\u73ed\u201d ( IT\u96fb\u8166\u88dc\u7fd2 ) \u63d0\u4f9b\u4e00\u500b\u65b9\u4fbf\u7684\u7535\u5b50\u8ba1\u7b97\u673a \u6559\u80b2\u5e73\u53f0, \u70ba\u5927\u5bb6\u914d\u5c0d\u4fe1\u606f\u6280\u672f, \u96fb\u8166 \u8001\u5e2b, IT freelance \u548c programming expert. \u8b93\u5927\u5bb6\u65b9\u4fbf\u5730\u5c31\u80fd\u627e\u5230\u5408\u9069\u7684\u96fb\u8166\u88dc\u7fd2, \u96fb\u8166\u73ed, \u5bb6\u6559, \u79c1\u4eba\u8001\u5e2b.  <br>\r\n\r\nWe are a education and information platform which you can find a IT private tutorial teacher or freelance. <br>\r\n\r\nAlso we provide different information about information technology, Computer, programming, mobile, Android, apple, game, movie, anime, animation\u2026 \r\n<\/p>\n<p><br>(2) ITSec<br> <\/p><a href=https:\/\/itsec.vip><img src=http:\/\/gamefootballmobileanimeiphone.com\/wp-content\/uploads\/2023\/09\/ITSec-Main-Promotion-Image.png alt= https:\/\/itsec.vip\/\r\nSecure Your Computers from Cyber Threats and mitigate risks with professional services to defend Hackers.  \r\nITSec provide IT Security and Compliance Services, including IT Compliance Services, Risk Assessment, IT Audit, Security Assessment and Audit, ISO 27001 Consulting and Certification, GDPR Compliance Services, Privacy Impact Assessment (PIA), Penetration test, Ethical Hacking, Vulnerabilities scan, IT Consulting, Data Privacy Consulting, Data Protection Services, Information Security Consulting, Cyber Security Consulting, Network Security Audit, Security Awareness Training.\/><\/a> \r\n<br><br> \r\n<p><a href=https:\/\/itsec.vip>www.ITSec.vip<\/a> <br> <br> \r\n<p><a href=https:\/\/sraa.com.hk>www.Sraa.com.hk<\/a> <br> <br> \r\n<p><a href=https:\/\/itsec.hk>www.ITSec.hk<\/a> <br> <br> \r\n<p><a href=https:\/\/penetrationtest.hk>www.Penetrationtest.hk<\/a> <br> <br> \r\n<p><a href=https:\/\/itseceu.uk>www.ITSeceu.uk<\/a> <br> <br> \r\nSecure Your Computers from Cyber Threats and mitigate risks with professional services to defend Hackers. <br><br>\r\nITSec provide IT Security and Compliance Services, including IT Compliance Services, Risk Assessment, IT Audit, Security Assessment and Audit, ISO 27001 Consulting and Certification, GDPR Compliance Services, Privacy Impact Assessment (PIA), Penetration test, Ethical Hacking, Vulnerabilities scan, IT Consulting, Data Privacy Consulting, Data Protection Services, Information Security Consulting, Cyber Security Consulting, Network Security Audit, Security Awareness Training. \r\n<br><br>Contact us right away. <br><br>Email (Prefer using email to contact us): <br>SalesExecutive@ITSec.vip<\/p>","protected":false},"excerpt":{"rendered":"<div><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/320935_Volvo_EM90_Concept_World_Stills-copy-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"\" loading=\"lazy\"><\/div>\n<p>Geely sold 100 million of its Volvo shares, causing stock prices to drop 14 percent, but the Chinese company says the move is part of a plan to make the Swedish automaker healthier<\/p>\n","protected":false},"author":349,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-container-style":"default","site-container-layout":"default","site-sidebar-layout":"default","disable-article-header":"default","disable-site-header":"default","disable-site-footer":"default","disable-content-area-spacing":"default","footnotes":""},"categories":[3267,6165],"tags":[61,122,127,129,124,128,125,132,131,133,126,130,123,66,94,88,97,56,64,65,60,3344,3351,3357,3360,3335,3340,3362,112,3353,40,75,95,3350,3352,3356,3343,3359,3339,3345,3334,3341,104,3354,33,120,3358,3349,3337,3348,105,101,98,115,30,29,41,86,3342,3361,70,69,68,72,71,26,118,108,87,3355,46,55,48,52,54,51,50,83,3338,62,58,57,3336,109,35,3346,59,63,85,79,82,96,80,27,81,114,44,42,43,45,38,39,110,117,100,111,116,3300,73,89,90,92,91,93,84,78,37,102,34,36,77,67,74,99,113,3347,119,28,121,32,47,49,53,103,31,76],"class_list":["post-46940","post","type-post","status-publish","format-standard","hentry","category-car-or-automobile","category-news","tag-airpods","tag-anime","tag-anime-characters","tag-anime-cosplay","tag-anime-edits","tag-anime-merchandise","tag-anime-movies","tag-anime-news","tag-anime-recommendations","tag-anime-reviews","tag-anime-series","tag-anime-streaming","tag-animes","tag-app-store","tag-app-store-samsung","tag-appgallery","tag-appgallery-oneplus","tag-apple","tag-apple-music","tag-apple-tv","tag-apple-watch","tag-auto-financing-guide","tag-automobile-industry-news","tag-automobile-laws-and-regulations","tag-automobile-shows-and-expos","tag-automobile-specifications","tag-automobile-technology","tag-autonomous-vehicles","tag-bbc-sport","tag-best-cars-for-long-drives","tag-best-mobile-games","tag-bixby","tag-bixby-xiaomi","tag-car-accessories","tag-car-comparison","tag-car-customization-ideas","tag-car-insurance-advice","tag-car-interior-design-ideas","tag-car-maintenance-tips","tag-car-resale-value","tag-car-reviews","tag-car-safety-features","tag-champions-league","tag-city-cars","tag-cyberpunk","tag-cyberpunk-2077","tag-driving-tips-and-tricks","tag-eco-friendly-cars","tag-electric-vehicles","tag-family-cars","tag-fantasy-football","tag-fifa","tag-football","tag-formula-1","tag-fortnite","tag-free-fire","tag-free-mobile-games","tag-freebuds-pro","tag-fuel-efficiency-tips","tag-future-of-automobiles","tag-galaxy-a52","tag-galaxy-note-20","tag-galaxy-s21","tag-galaxy-watch-4","tag-galaxy-z-fold-3","tag-game","tag-games","tag-golf","tag-harmonyos","tag-highway-cars","tag-how-to-backup-iphone","tag-how-to-factory-reset-iphone","tag-how-to-reset-iphone","tag-how-to-restore-iphone","tag-how-to-unlock-iphone","tag-how-to-unlock-iphone-5","tag-how-to-unlock-iphone-6","tag-huawei","tag-hybrid-cars","tag-ios","tag-ipad","tag-iphone","tag-latest-car-models","tag-live-soccer","tag-lol","tag-luxury-cars","tag-macbook","tag-macos","tag-mate-40-pro","tag-mi-11-lite","tag-mi-home-security-camera-basic-1080p","tag-mi-home-security-camera-basic-1080p-huawei","tag-mi-smart-band-6","tag-minecraft","tag-miui","tag-mlb-scores","tag-mobile-game-design","tag-mobile-game-development","tag-mobile-game-marketing","tag-mobile-game-monetization","tag-mobile-games","tag-mobile-gaming","tag-nba-scores","tag-nba-standings","tag-nfl","tag-nfl-scores","tag-nhl-scores","tag-off-road-vehicles","tag-one-ui","tag-oneplus","tag-oneplus-9-pro","tag-oneplus-buds-pro","tag-oneplus-nord-ce-5g","tag-oxygenos","tag-p40-pro-plus","tag-poco-x3-pro","tag-pokemon","tag-premier-league","tag-pubg","tag-pubg-mobile","tag-redmi-note-10-pro","tag-samsung","tag-samsung-pay","tag-soccer","tag-sports","tag-sports-cars","tag-steam","tag-steeam","tag-top-10-anime","tag-valorant","tag-when-do-the-iphone-7-come-out","tag-when-does-the-iphone-7-come-out","tag-when-is-the-iphone-7-coming-out","tag-world-cup","tag-xbox-series-x","tag-xiaomi"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/46940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/users\/349"}],"replies":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/comments?post=46940"}],"version-history":[{"count":1,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/46940\/revisions"}],"predecessor-version":[{"id":46941,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/46940\/revisions\/46941"}],"wp:attac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