Geely founder Li Shufu, China's "Henry Ford," looks set to rewrite the automotive history books this weekend with the purchase of Ford Motor Co.'s Volvo car unit.
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Sources in China suggest that the pending deal for the divestment by Ford of its Volvo Cars unit to Geely could be close to completion.
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Volvo Truck says that deliveries in February were up 5% compared to the year-earlier period.
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Volvo Truck says that deliveries in February were up 5% compared to the year-earlier period.
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Chinese Vice-President Xi Jinping will travel to Sweden this weekend, amid talk he will attend the signing of a deal for Geely to buy Volvo from Ford for as much as $2 billion, China's biggest ever overseas auto acquisition.
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Chinese Vice President Xi Jinping will travel to Sweden this weekend, amid talk he will attend the signing of a deal for Geely to buy Volvo from Ford for as much as $2 billion, China's biggest ever overseas auto acquisition.
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Chinese Vice-President Xi Jinping will travel to Sweden this weekend, amid talk he will attend the signing of a deal for Geely to buy Volvo from Ford for as much as $2 billion, China's biggest ever overseas auto acquisition.
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Volvo unions withheld their backing for a planned acquisition by Geely Automotive's parent, setting the stage for a potentially troublesome takeover by the Chinese company.
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The media-savvy spokespersons of Geely and Ford have repeatedly said the two sides are on track to clinch their deal for Volvo.
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Zhejiang Geely Holding Group on Tuesday said talks to buy Ford's Volvo car unit were on track and it expected to sign an agreement in about a week.
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Zhijiang Geely Holding Group reportedly is finding negotiations with Ford tough going as it works on a deal to buy the Swedish Volvo Cars unit.
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Zhejiang Geely Holding Group Chairman Li Shufu indicated talks to buy Ford's Volvo car unit had hit a snag due to problems at Ford Motor Co. "If the deal fails, the problem is not on our side.
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Zhejiang Geely Holding Group Chairman Li Shufu indicated talks to buy Ford's Volvo car unit had hit a snag due to problems at Ford Motor Co. "If the deal fails, the problem is not on our side.
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Recent suggestions that Geely may have inched closer to securing finance and completing the planned purchase of Volvo Cars from Ford have been thrown into further doubt by reports in China of the hurdles Geely still faces.
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Zhejiang Geely Holding and Ford Motor Co. said they were still on track to sign a deal this month for Ford's Volvo cars unit, after a Chinese newspaper said Geely's planned $2 billion purchase faced hurdles.
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Zhejiang Geely Holding and Ford Motor Co. said they were still on track to sign a deal this month for Ford's Volvo cars unit, after a Chinese newspaper said Geely's planned $2 billion purchase faced hurdles.
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Rock group Europe is releasing its new album. And Volvo Cars is releasing its all-new Volvo S60. The result is a unique synthesis. The rock group's title track "Last Look at Eden" serves as the musical score for five films about the all-new Volvo S60.
" A great combination. A powerful car deserves powerful music. We are honoured to work with this Swedish institution," says singer Joey Tempest.
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Formalities for the sale of Ford's Volvo unit to a Chinese automaker have yet to be completed but Chinese observers think the deal will happen.
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The parent of China's Geely Automobile said it has yet to sign an agreement in its bid for Ford Motor Co.'s Volvo unit, but added that its plan to purchase the brand is on track.
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