Cars
Chinese carmaker Zhejiang Geely Holding Group Co. (simply known as Geely) completed the purchase of Volvo Cars from Ford Motor Co. on Monday. According to Ford, Geely paid $1.3 billion in cash today and issued a $200 million note for the acquisition of the Swedish carmaker. The exact amount of the final sale price will be announced later this year when the final adjustments on Volvo's value are made, and could result in additional proceeds to Ford.
- Brand New Geely Suv Looks Promising In First Teaser Photos
Geely owns Volvo, Volvo helps Geely improve its cars - in this case, its SUVs. The Chinese automaker has released three teaser photos of an all-new SUV destined for the local market. Read more »...
- Geely Chairman Promises To Liberate Volvo From Its Capitalist Owner / Oppressors
Zhejiang Geely Holding Group Chairman Li Shufu recently had this to say about Volvo and its $1.8 billion purchase from Ford Motor Company: "A tiger belongs to the forest. It belongs to the wild world and not confined in a zoo. We need to liberate...
- Ford And Geely Hit "snag" In Volvo Deal
Trouble's a-brewin' in the Ford/Geely Volvo sale, or so Zhejiang Geely Holding Group Chairman Li Shufu implies. The good news is it doesn't sound too serious. Automotive News states that there may have been a "snag due to problems at...
- Ford Confirms Deal With China's Geely On Volvo Sale
While General Motors is still trying to figure out what it's going to do with its Saab division, Ford Motor Company announced today that it has settled all substantive commercial terms with China's Geely Holding Group Company Limited on the prospected...
- China's Beijing Auto Also Interested In Buying Volvo
A second Chinese firm has been added to the list of potential bidders for FoMoCo's Volvo division. Aside from Geely Automobiles Holdings, the Wall Street Journal reported on Wednesday in its online edition that the Chinese government-owned Beijing...
Cars
China's Geely Completes Takeover of Volvo from Ford
Chinese carmaker Zhejiang Geely Holding Group Co. (simply known as Geely) completed the purchase of Volvo Cars from Ford Motor Co. on Monday. According to Ford, Geely paid $1.3 billion in cash today and issued a $200 million note for the acquisition of the Swedish carmaker. The exact amount of the final sale price will be announced later this year when the final adjustments on Volvo's value are made, and could result in additional proceeds to Ford.
Read more »
- Brand New Geely Suv Looks Promising In First Teaser Photos
Geely owns Volvo, Volvo helps Geely improve its cars - in this case, its SUVs. The Chinese automaker has released three teaser photos of an all-new SUV destined for the local market. Read more »...
- Geely Chairman Promises To Liberate Volvo From Its Capitalist Owner / Oppressors
Zhejiang Geely Holding Group Chairman Li Shufu recently had this to say about Volvo and its $1.8 billion purchase from Ford Motor Company: "A tiger belongs to the forest. It belongs to the wild world and not confined in a zoo. We need to liberate...
- Ford And Geely Hit "snag" In Volvo Deal
Trouble's a-brewin' in the Ford/Geely Volvo sale, or so Zhejiang Geely Holding Group Chairman Li Shufu implies. The good news is it doesn't sound too serious. Automotive News states that there may have been a "snag due to problems at...
- Ford Confirms Deal With China's Geely On Volvo Sale
While General Motors is still trying to figure out what it's going to do with its Saab division, Ford Motor Company announced today that it has settled all substantive commercial terms with China's Geely Holding Group Company Limited on the prospected...
- China's Beijing Auto Also Interested In Buying Volvo
A second Chinese firm has been added to the list of potential bidders for FoMoCo's Volvo division. Aside from Geely Automobiles Holdings, the Wall Street Journal reported on Wednesday in its online edition that the Chinese government-owned Beijing...