Volvo is preparing to issue bonds for the first time as a stand-alone carmaker as the Swedish company enters the next phase of its turnround having recently developed a new manufacturing platform and launched upmarket models.
A move into the capital markets by the Gothenburg-based company, which has been owned by Zhejiang Geely Holding of China since 2010, could be a prelude to a stock market debut, say people close to the carmaker.
“What’s important for us is, I think, is that we have to improve the company and run it as if it was listed,” said Hakan Samuelsson, chief executive. “That is very healthy for the company and that is what we are doing.”
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