Volvo Stocks Crash to Record Low after Geely Trims $350 Mill…

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BEIJING, November 20 (TMTPost)— The Stockholm-listed shares of Volvo Cars AB crashed as much as 13.7% on Friday after Zhejiang Geely Holding Group (Geely Holding), the Sweden-based luxury automaker’s parent, announced an offloading plan. The shares settled 11.1% lower to 36.29 Swedish krona, the lowest close since listing two years ago.Credit：Visual ChinaGeely said it decided to release more of its holdin