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 complete knock-down kits. Such facilities are or have been located in Indonesia, (some of its production has been imported back to China), Sri Lanka (in collaboration with Micro Cars), Malaysia, Russia, (assembly is controlled by local firm Derways), and Ukraine. These locations are not necessarily affiliated with or owned by Geely. Establishing a joint venture with this British maker of London Black Cabs in 2007, Geely purchased in 2013 "Manganese Bronze Holdings", initially trading as The London Taxi Company, and subsequently as London EV Company. The joint venture, Shanghai LTI Automobile Components Co Ltd, made the TX4, a licensed London