China Development Bank Loans $800 Million to Volvo

A report from Reuters officially confirmed an $800 (€590 or £495) million loan that the China Development Bank awarded to Volvo. It’s not the first one they’ve taken out of the PRC, and this one’s amortization plan has been stretched up until the year 2021, by which time the Swedish manufacturer will have doubled its global sales figure to 800,000 units sold annually, if things go according to plan. Read more »