(RTTNews) – Bilia, one of Europe’s largest car dealers, has reached an agreement in principle with Volvo Car Sverige AB and Volvo Car Norway AS on future cooperation. The companies will now begin final contract negotiations.
In Sweden, Bilia will receive authorization to sell new Volvo cars and conduct service operations for 34 facilities. Bilia will continue to be a car dealer for new Volvo cars in the metropolitan areas of Stockholm, Gothenburg, Malmö and Västerås. Bilia has signed a binding letter of intent to sell four facilities in Skaraborg to Bröderna Brandt Personbilar. The facility in Uppsala will be sold to a third party. Also, Bilia will not receive authorization for additionally three facilities in Sweden.
Bilia will receive authorization to sell new Volvo cars and conduct service operations for 10 facilities in Norway. Three facilities located in the Oslo area will be sold to the newly established company Volvo Car Greater-Oslo AS.