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
Geely BL Geely BL The Geely BL is a coupe automobile from Chinese manufacturer, Geely Automobile. The "BL" name stands for "Beauty Leopard". The car was designed with help from Daewoo and was introduced to production in January, 2003. It is best known outside China for being the first vehicle with an in-car karaoke machine. The car's design seems to copy mostly the Toyota Celica, with the front taking inspiration from the Honda Integra and the rear from the Toyota Supra. The Geely BL is considered a sports car in China. It has a top speed of 180 km/h (approx 111 mph).