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Seow Yaohan | September 16, 2010
Geely took on a big challenge when it completed the USD 1.8 billion (RM 5.7 billion) purchase of Volvo from Ford in early August. The focus now turns to making Volvo profitable. Geely has previously revealed plans to produce 300,000 vehicle units ...
Geely is not wasting any time when it comes to their latest acquisition from Ford. Speaking at a press conference in London, Li Shufu, chairman and founder of Geely and now the chairman of Volvo, made it clear that ...
Seow Yaohan | August 3, 2010
China's Geely has completed the purchase of Volvo from Ford, marking a Chinese firm's biggest acquisition of a foreign automaker in a deal worth USD 1.8 billion (RM 5.7 billion).With the transaction now finalised, Geely can turn its attention to restoring Volvo to ...
Seow Yaohan | March 30, 2010
Ford has signed a definitive agreement to sell Volvo to Zhejiang Geely Holding Group for USD 1.8 billion (RM 5.9 billion)—substantially less than the USD 6.4 billion (RM 20.9 billion) Ford forked out for Volvo back in 1999. Ford will retain no ownership ...
Seow Yaohan | December 24, 2009
It has taken almost six months from when the Volvo-Geely deal was first rumoured to be done, to now, when a tentative agreement has in fact been signed between Ford and Geely. Ford confirmed that “all substantive commercial terms” between the two companies have ...
Seow Yaohan | November 13, 2009
China’s Zhejiang Geely Holding Group, the company that produces Geely cars, has grand plans for Volvo, even though the purchase is still far from complete. According to The Wall Street Journal, Geely intends to launch two to three more luxurious models within four ...
Flushed with cash, China is taking over the world, including the automotive world. We have heard of Volvo attracting the attention of Beijing Automotive Industry Holding Corp (BAIC), then reports that Geely has officially bought over Volvo. Now, it is Hummer's turn ...
What's with all the suspense? First, Geely expressed interest in acquiring Volvo. Then the government-owned Beijing Automotive Industry Holding Corp (BAIC) came on strongly. Then this: the Chinese media have started reporting of an official agreement between Geely and Ford ...
Amid all the takeovers, mergers and bankruptcy in the auto industry, there is news from Wall Street Journal that Volvo could list yet another interested Chinese buyer alongside fellow Chinese company Geely Automobiles Holdings. The second Chinese buyer is accordingly the government-owned Beijing Automotive ...
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