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Carmakers will face much more strain to spread around the worth of growing electrical vehicles and other new technologies. Existing partnerships, such because the one between Volkswagen and Ford Motor to develop autonomous driving software program, might be expanded. Geely Holding, a carmaker based in Hangzhou, set a precedent when it purchased Volvo Cars from Ford in 2010. Geely also own eight percent of Volvo AB, a Swedish truck maker that’s separate from the car firm.
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