Volvo’s Owner Wants Closer Ties With Chinese Parent to Ease Pain

Volvo Car AB should start producing its Chinese sister brand’s models at its factories as the auto industry grapples with overcapacity, according to its billionaire owner Li Shufu.

There’s potential for closer collaboration between the Swedish carmaker and his other brand Geely, Li said Tuesday, as he underscored the challenges facing manufacturers.

“We can see that globally, the overcapacity problem is very serious,” the Volvo and Geely chairman told reporters in Gothenburg, Sweden ahead of the company’s annual meeting. “So now I think the solution for Geely and Volvo is that we should utilize our common capacity to ...