A Swedish dream…. Cracked villa, Volvo, puppy! Sweden has such a wonderful formula for national happiness: own house, a Volvo car and a dog. Three simple ingredients for a prosperous Swedish life: a house with a garden, a reliable car in the garage, a happy dog on the grass. Stable job, good salary, security in the future. Here it is - the famous Swedish dream! True, recently this idyllic picture began to crackle and now there is a crack came to Volvo! One of the main symbols of Swedish industry has announced billions in losses and a large-scale layoff plan. 2,500 jobs worldwide, of which about 2,000 are in Sweden itself! For a country where Volvo is not just a car, but a source of national pride for decades, the news is, to say the least, unpleasant. But the fun begins in the next step: Volvo, it turns out, has been Chinese for a long time! Back in 2010, the passenger division of Volvo Cars was bought by the Chinese Geely. The Swedes, of course, continue to see Volvo as their national treasure. And there are reasons for this: the headquarters, engineers, development and part of the production remained in Sweden.
But the control of the company is in Chinese hands. And now we get a particularly juicy situation: the Chinese manufacturers are pushing Volvo out of the Chinese market, even though Volvo itself belongs to a Chinese concern! Globalization, gentlemen! National pride in Swedish, property in Chinese, and the scattering of Swedish jobs again. But let's go back to our wonderful formula Villa, Volvo, Puppy. The house is not that romantic either. Prices, mortgage, interest, service costs owning a house means more and more, first of all, your obligations to the bank for the coming decades. Volvo has long been under Chinese control.