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It confirmed the sale of Volvo to Zhejiang Geely Holding Group Company Limited at the end of last year.
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However, few drivers of the Goteborg-based carmaker would realize that since 2010, Volvo Cars has been owned by Geely Holding Group.
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If the deal is done, Volvo's new owner will be a consortium led by Zhejiang Geely Holding Group, a privately held firm.
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Zhejiang Geely Holding Group acquisition of Volvo is an early step in building the image of Chinese automobiles and marketing to foreign buyers.
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Lenovo buying IBM's Thinkpad line of computers is one such example, Geely Holding Group's recent acquisition of Swedish car maker Volvo is another.
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The automaker, now owned by Zhejiang Geely Holding Group Co.
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Also at the auto show, global automakers including Mercedes Benz and Nissan and local brands such as Geely Holding Group, which owns Sweden's Volvo Cars, and Great Wall Motors Co. showed new SUVs or SUV concept vehicles.
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Chinese values are important, not only because of its emergence as a major market for Volvo, but also because the carmaker is now itself part of a Chinese family, as a subsidiary of China Zhejiang Geely Holding Group.
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Geely said earlier this year it planned to enter the electric vehicle business with Kandi Technologies Group, a Chinese maker of small vehicles including go-karts.
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