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 LC facelifted version of the car known as the Geely Yuanjing X1. As of 22 December 2010, popular Chinese e-commerce retailer Taobao Mall sells the LC online although buyers must put down a 288 yuan deposit and visit a local dealership for a test drive prior to purchase. The LCs on offer are not delivered to your door and may differ from those available through more-traditional retail channels. First day online sales totalled near 500. The LC's styling has been recognized for its exceptional exterior, which manufacturer Geely says is "bionic" and resembles a panda but that some criticize for resembling