Volvo is drawing plans on the Stockholm list when world trade defines automotive stocks
City & Finance Reporter for the Daily Mail
Volvo has drawn plans to include in Stockholm when the global trade war defines the automotive stock.
Chinese parent company Geely had discussed a float in which the Swedish car manufacturer had a value of up to £ 23 billion.
The bosses feared, however, that investors would miss out on an uncertain market.
Uncertainty: Chinese parent company Geely had discussed a float in which the Swedish car manufacturer had a value of up to £ 23 billion
Volvo CEO Hakan Samuelsson said: "It is important to know that we have enough space to keep an eye on the investors a year after the first public offer.
& # 39; It is still an option, a very realistic option, but will not happen immediately. The timing must be optimal. & # 39;
Car manufacturers are faced with uncertainty about President Trump's trade war, with threats of higher import tariffs in the US.
There is also political volatility in Sweden, with early results from the Sunday general election where no party was shown to win a clear majority. The anti-immigration Party of the Democrats of Sweden may be a possible king-maker as it gained gains.
Like market volatility, sources said that Geely and his boss Li Shufu felt that Volvo would penetrate deeper into the Chinese market before it hit the market.
Volvo delivered 61,480 cars in China in the first half, a fraction of BMW and Audi sales.
Meanwhile, Samuelsson said of the looming IPO of the luxury brand Aston Martin: I wish them good luck. & # 39;