![](https://tradearabia.com/source/2012/10/02/volvo.jpg?03:34:17am)
Boardroom battle hurts Volvo
, October 2, 2012
President and CEO of Volvo Car Corporation Stefan Jacoby presents the Universe concept car during the opening day of the Shanghai Auto Show in this file photograph. A boardroom-level conflict at Sweden-based luxury auto firm Volvo Car Corp is infecting some day-to-day decisions and threatens to hamper its Chinese owner's efforts to turn the business around, sources close to the company said. Jacoby and vice chairman Hans-Olov Olsson are locked in an often personal in-fight that began to develop after China's Zhejiang Geely Holding Group Co bought the Swedish brand from Ford Motor Co two years ago, the sources said. Reuters/Carlos Barria/Files