Automotive industry in Sweden Saab Automobile, taking full control over its subsidiary. After the failed takeover Volvo sold their shares in Scania to Volkswagen Group in the early 2000s. Volkswagen has since then increased their interest in Scania and since 2008 Volkswagen Group is the majority owner. The first Koenigsegg supercar left the factory in 2002. The price of the car keeps production on a low level but in 2013 the company delivered their 100th vehicle. The automotive industry crisis of 2008–10 has had a great impact on the formerly Swedish owned automobile makers. In 2009 Ford sold Volvo Cars to Chinese Zhejiang Geely
Emgrand Emgrand Emgrand was an automobile marque owned by the Chinese automaker Geely. It was launched in August 2009 and discontinued in 2014, when its products were rebranded as Geely. The "Emgrand" marque was publicly unveiled at the 2009 Auto Shanghai autoshow, together with two other new Geely brands, Englon and Gleagle. The first Emgrand EC7 production models for retail sale were completed in July 2009 at the Geely plant in Ningbo, Zhejiang. The EC7 went on sale in China in mid-August 2009 as the marque's launch model. The second Emgrand production model, the Emgrand EC8, was launched in October 2010.