Western car makers wanting to operate in China need a joint venture with a Chinese partner. And it looks like Volvo is going to have to partner with itself to keep officials happy. The Chinese authorities are keen to make sure that Western car makers can’t just rock up on their doorstep, open up a […]
Ford sells Volvo to Geely – Official
Ford have finally concluded a deal with China’s Geely for the sale of Volvo for £1.2 billion. The sale will complete in the third quarter of 2010. It was beginning to look like Ford would never divest itself of its foster child Volvo. After all, two of its other troublesome foster children – Aston Martin and Jaguar […]
Ford and Geely sort out Volvo deal
The sale of Volvo to China’s Geely by Ford has now been confirmed, with the deal to be signed in the New Year and transfer taking place in the 2nd quarter of 2010. The negotiations with Ford’s preferred bidder Geely to sell its Swedish brand Volvo have been going on for months – at least. […]
Geely plan to double Volvo sales
Volvo buyer Geely has plans to double Volvo sales, open production in China and add new models above the current range. Geely – Ford’s preferred bidder for Volvo – has big plans to turn round the Swedish car maker, according to reports. Central to these will be the building of a new plant in China […]
Geely buy Volvo
Now there’s a statement that should gladden the hearts of Ford Execs. Although not official, the Chinese Media are citing Government sources for the information, so although it could be yet another rumour, this time it seems to have legs. What makes it more interesting for an old cynic like me is the statement that […]