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 CK Geely CK The Geely CK is a 4-door, 5-seater subcompact sedan produced by the Chinese manufacturer Geely from May 2005 to January 2016. The CK's Chinese name, "Ziyoujian", stands for "Freedom Ship" or "Free Cruiser". It was sold as the Geely Otaka on the Russian market in 2007-2008. Nowadays the car is sold as the Gleagle CK in the Chinese domestic market, part of Geely's recent proliferation of brands The CK holds the distinction of being the first Chinese automobile ever displayed at an American auto show, although it was only shown to the press and not the general public.