Geely officials in Sweden to meet affected parties
19 November 2009

Volvo sale talks with Geely have intensified this week, according to reports.

China's Geely Holding Group, the parent company of Geely Automobile, was named by Ford as a preferred bidder for Volvo last month.

Now Geely officials are in Gothenburg and Stockholm this week to meet with Ford and Volvo officials, Volvo unions and Swedish government officials.

Reports in China suggest that Volvo will retain the rights for its licensed technologies but will allow Geely to use them. Ford and Volvo have declined to comment.

Speculation has also suggested that Geely is offering $2 billion (£1.2bn) for Volvo - significantly less than the $6.45 billion (£3.8bn) Ford paid for the Swedish car maker in 1999.

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3

19 November 2009

Ford. Keep it. You know it makes sense.

19 November 2009

[quote noluddite]Ford. Keep it. You know it makes sense.[/quote]


+1

19 November 2009

I think Ford would love to keep Volvo, it needs a long term view of the company though, something it wasn't able to achieve with Jaguar, so I doubt they'd be able to manage it with Volvo. Keeping things simple, if Volvo did what Volvo did, made their cars how they wanted and just got the Ford chasis guys in to do some tidying up, wouldn't that make more sense? To me, they were going the right way with build, reliability, design etc. just fallin short on ride and handling especially that horrid turning circle before managed to integrate it so much. Oh and a new navigation system wouldn't go amiss

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