Press Releases

Media Contacts
Per-Åke Fröberg
Director Volvo Cars Heritage
Volvo Car Group
Phone: +46 31 3257654
Mobile: +46 31 3257654
Related Media
Dec 13, 2012 | ID: 47131

Volvo Car Group signs loan agreement with China Development Bank


Volvo Car Group (Volvo Cars) and China Development Bank have signed a loan agreement under the umbrella of the strategic partnership, as announced in the Memorandum of Understanding of April 24 2012.


The loan agreement is testament to China Development Bank's belief in the strength and viability of the Volvo Cars global business plan and corporate strategy.


As a first step under the agreement, the parties have signed a EUR 922 million loan with a maturity in 2020. This loan will be used for a refinancing of Volvo Cars' current loans. The new loan will improve Volvo Cars' loan maturity structure with approximately EUR 600 million in the coming years.

Descriptions and facts in this press material relate to Volvo Car Group's international car range. Described features might be optional. Vehicle specifications may vary from one country to another and may be altered without prior notification.

Cookies Policy

Volvo Cars Newsroom makes use of cookies in order to optimize your user experience on this website. The cookies on the website do not store personal information. For more information, read our Cookies Policy page.