Geely going for full ownership of Volvo, with the help of a friend

Featured, Geely Automobile | Ash | September 9, 2009 at 10:04 pm

Geely is expected to team up with a Chinese investment company to take on Volvo according to todays reports. Geely believes that it is currently too small as a company to spread itself into Europe, and will partner up with a Chinese investment firm that will be able to provide cash and management skills for Geely’s forthcoming Nordic adventure.

A firm price has not been announced for Volvo, it is rumored to be around the 500million USD cash for the ailing car company, but figures as high as two billion USD and as low as 100 million have been floating around as well.

China Car Times will keep you updated on all Geely-Volvo happenings over the coming days.

Ash

Ash came to China at 18 on a whim and never left. Some 10 years later he collected a degree and a family along the way and now focuses his time on watching the Chinese car industry develop. He has witnessed the market change from being minor backyard market in to the world's biggest and most important market for all car manufacturers. You can contact or connect with him via Linkedin by clicking the 'Website' link.

Website - More Posts