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"This is not the right time, it is also a turbulent market," says Håkan Samuelsson to Reuters.
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Volvo Cars and the owner of Geely announced in September that they planned to float shares of Volvo Cars because of the escalating global trade dispute.
Then, Håkan Samuelsson told the Financial Times that trading remains an option, but it will not happen immediately.
On Wednesday, Håkan Samuelsson told Reuters at the Los Angeles Auto Show:
– There is no plan or schedule for a list
The company also does not intend to raise funds by issuing bonds.
READ MORE: The list of Volvo delays
Geely had already announced that a stock market would be relevant even before the end of 2018. Geely announced that he was backing a $ 30 billion list, while fearing that Swedish investors and pension funds would see a stock down premium. .
Volvo Cars Presidents, Stefan Elfström, put an end to Samuelsson's message in the Reuters interview.
"There is nothing new in the thing, it's the same message we gave earlier regarding the launch of a stock exchange." There is no new decision of the owner.
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