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Car News from Sweden

Two Gothenburg brands, both Chinese-owned, and a hypercar maker in Ängelholm. Saab, the third name, stopped building cars in 2014.

6 articles · 2 brands

Most Swedish car news is Volvo, founded in Gothenburg in 1927 and owned by Geely since 2010. Polestar, a former racing team that Volvo bought in 2015 and relaunched as an electric brand, is run from the same city. Koenigsegg, in Ängelholm, builds hypercars in very small numbers.

Saab, the country’s other well-known car name, ended production in 2014 after its bankruptcy.

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Frequently asked questions
Who owns Volvo Cars?
Geely, the Chinese group led by Li Shufu, bought Volvo Cars from Ford in 2010. Volvo Cars is listed on the Stockholm stock exchange, but Geely Holding remains its controlling shareholder. Volvo Cars is a separate company from AB Volvo, which builds trucks and buses and sold its car division to Ford in 1999.
Is Polestar a Swedish brand?
Its headquarters and design work are in Gothenburg. Polestar started as a racing team that became Volvo's performance partner; Volvo bought it in 2015 and relaunched it as an electric car brand in 2017. It is now listed in the US, with Li Shufu's Geely interests as its controlling shareholders. Its cars are built in China, with the Polestar 3 also made in the United States and the Polestar 4 in South Korea.
Does Saab still make cars?
No. Saab Automobile went bankrupt in December 2011. NEVS bought the Trollhättan factory and built a small run of 9-3s there until 2014. The Saab name belongs to the aerospace and defence company Saab AB. It built its first car, the Saab 92, in 1949, and made the car division a separate company, Saab Automobile, in 1989.
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