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Volvo Wants to be a Contender

Volvo wants to be a contender, plain and simple. Geely, the newly appointed owners of Volvo, want an updated line of brand new Volvo vehicles to take on luxury car competition from auto makers like BMW.

In an interview with Reuters, Li Shufu, chairman of Zhejiang Geely Holding Group Co., said that Volvo will go up against the German premium brands with a competitive model in the full-sized, luxury sedan market.

"We want to make…