It's on its way to being a Chinese-owned brand.

Just like MG, which is now a brand owned by Shanghai Automotive Industrial Co. Or Jaguar Land Rover, owned by Tata Industries.

It's only a reductionist view in the very short term.

Both, Volve and JLR, are actually hreat examples of what can happen when the rich owner doesn't interfere with operations. JLR all of a sudden is doing great, building great cars as a kind of nieche luxury brand. Volvo the same. None did particulary well under Ford's ownership. Sadly, Saab was killed by GM before it could be saved.

In fact, JLR and Volvo were more "brands" under Ford ownership, as compared to now where both are independent car makers.

it's illegal for a chinese company to not have ccp drones as part of leadership.

Volvo's >80% privately owned by one Chinese guy (through a holding company).

So yes, it's a Chinese company, as much as the ownership of any large modern conglomerate can be attributed to a given nation. If that one guy wants all Volvo's to be shipped fluorescent pink it's going to happen.

Note that I was referring to Volvo Cars, the company that manufactures trucks etc. isn't owned by the same holding company, but they've got an agreement to share the "Volvo" brand.

Indeed. Nobody was calling it an American car company when Ford owned it. Once it formally merges with Geely, it will become a Chinese car company.