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
Luqiao District Luqiao District Luqiao District (; Tai-chow dialect: Lu-giao K'ü) is a district of Taizhou in Zhejiang Province, People's Republic of China. The district has an area of and a population of approximately 425,200. Luqiao District was established in 1994, having previously been a town under the administration of Huangyan County (present-day Huangyan District). Luqiao is the location of Taizhou Luqiao Airport and also is the headquarters of Taizhou Commercial Bank and Zhejiang Tailong Commercial Bank, making it the financial capital of Taizhou. Geely Car group originated from Luqiao and has a large manufacturing base here. Luqiao District is divided into