Technology transfer in the Chinese automotive industry: the acquisition of Volvo Cars by Geely Automobile as a potential new role model for the Chinese car manufacturers
The dramatic shifts that occurred to the Chinese economy in the recent decades led to the emergence of companies that have fulfilled the internal market needs and now try to compete on the global level. Among others, Chinese automotive industry is currently struggling to establish its products in the markets of developed countries; however, the results are modest due to low level of technological