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Volvo Cars, the premium car maker, is planning to set up a new joint venture technology company with Geely Holding, the Chinese car group, to share existing and future technology, deepen industrial synergies and provide the economies of scale that will allow them to more rapidly develop next generation electrified vehicle technology. According to a Memorandum of Understanding signed today, Volvo Cars, Geely Auto and LYNK & CO will share vehicle architecture and engine technologies via cross licensing arrangements of technologies managed by the new joint venture. They will also cooperate more deeply by commonly sourcing components and cutting procurement costs. Volvo Cars, Geely Auto and LYNK & CO are controlled by Geely Holding, the Chinese car group. The new joint venture will be 50/50 owned by Volvo Cars and Geely Holding and be headquartered in China with a subsidiary in Gothenburg, Sweden. “Partnerships to share know-how and technologies are common practice i

RANGE-TOPPING NEXT-GENERATION COMMODORE VXR BREAKS COVER! Most advanced Commodore ever packs  235kW 3.6-litre V6 engine, 9-speed automatic transmission and adaptive All-Wheel-Drive VXR adds Brembo front brakes and unique sports set-up including Continuous Damping Control (CDC) Unique to VXR are three switchable drive modes to adjust CDC dampers, steering, transmission and the ‘Twinster’ AWD system Unmistakeable, muscular styling Local development program with over 100,000km driven to date Commodore VXR due to launch alongside rest of the range in early 2018  Holden has lifted the covers on the range-topping VXR variant of the next-generation Holden Commodore.     With a focus on dynamic handling, efficient performance and stunning traction off the line, Commodore VXR will show a different side to Holden’s performance capabilities while still using lessons learned from almost 40 years of continuous local Commodore development. Differentiating the VXR as the jewe