| Submit Your Article | |
| Contact Us | |
| Our RSS Feed | |
| Our Blog | |
|
|
Geely Is Serious about Volvo |
Selling a big auto manufacturing company is not easy and quick. It has been almost a year since the American automakers announced that they would like to give up certain brands. Some deals are already over, but the others have not found good buyers so far.
A Chinese company Geely Automobile has joined the bidders that want to purchase Volvo Car from Ford. While making this bold step the Asian manufacturer has admitted that it would not be able to complete the deal without help. The chief-executive of Geely, Gui Shengyue said that the parent company, Geely Holdings Group "may team up with domestic investment partners to facilitate the deal".
Although the offered price is not announced the media says that Geely is the only company that is firm and serious about the Volvo purchase. The Chinese automaker believes that Volvo will open the doors for global market helping Geely to become competitive to the world leading brands and tto improve its technologies.
Two other Chinese companies: Beijing Automotive Industry Corp. And Chang’an Auto Group also planned to bid on Volvo, but gave up the idea.
Ford is going to announce the prefered bidder in the end of this month.
[source]
Add your comment:
Sneak peek: 2010 Volvo S60 | detnews.com | The Detroit News
When Volvo's sleek S60 reaches dealerships, it will -- except for the so-called suicide doors -- very closely resemble the stunning concept shown at the 2009 North American International Auto Show. With a coupe-like roofline, the all new S60 will add... More »
Volvo loads XC60 with quiet power, sophistication | detnews.com | The Detroit News
Sweden is the U.P. of Europe. People know it's there; they talk about it, but no one wants to make the drive. It's a mysterious land that magically produces funky furniture IKEA, cell phones Ericsson and freakishly beautiful people Ingrid Bergman... More »
New Diesel Engine from Volvo Doesn’t Go to America
The Swedish automaker Volvo designed a new diesel engine which will be a part of Volvo S80. It is claimed to be much better than its predecessor. The new 2.4-liter five-cylinder diesel engine comes with sequential twin turbochargers and provides for... More »
An early Christmas present from Volvo Cars - a glimpse of the next-generation Volvo S60
A few days before Christmas, Volvo Cars treats the automotive world to an early unwrapping of a car that will shine bright in the streets for years to come.The Volvo S60 Concept gives the car world a glimpse of what the all-new Volvo S60 is going to... More »
Video: Volvo S60 Concept
Recently Volvo has made available information and photos of the latest concept vehicle showing its next-generation S60 saloon scheduled for production in 2010. It is set to make its introduction to the world in January 2009 at the Detroit Auto Show and... More »
More...
