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 had planned to begin selling the model in Puerto Rico in 2007 on the way to beginning sales in Mainland America the next year. However, since Geely failed the IIHS and NHTSA safety tests, plans are currently halted. The CK was also shown at the Frankfurt Motor Show in 2005 along with four other Geely models. At least 1,500 Geely CKs were shipped to Cuba in 2009, where they would replace some of the many Lada 2105s used by government officials and police. The car is thus becoming a common sight in Cuba. Displacing the old Russian-made Ladas, it