The slowing down market and global economic conditions have forced China's Chery Automobile to postpone its proposed car joint venture project with Italy's Fiat SpA.

Volvo, most probably, would see a change of hands if things work out for Chery. This is just a rumor, as of now.

It’s a Chinese invasion of sorts in South Africa. Chinese car maker Chery is on the verge of taking over South African roads.