Ford names China’s Geely as preferred Volvo bidder
October 29, 2009 by Matt Brogan
Filed under Car News, China, Ford, Geely Automotive, Volvo
Chinese manufacturer Geely Group Holdings is Fords top bidder to purchase Volvo.
Ford will begin more detailed negotiations with Geely, but final decisions have not been made.
“Ford believes Geely has the potential to be a responsible future owner of Volvo and to take the business forward while preserving its core values and the independence of the [...]
New US challenger enters bidding on Volvo
October 8, 2009 by Matt Brogan
Filed under Car News, China, Ford, Geely Automotive, Volvo
A US-led group has entered the race to buy Volvo from Ford in a challenge to China’s Geely Automotive.
A Ford spokesman said the group was in discussions with interested parties about Volvo cars, but declined to identify the parties, the price of the bid or to comment on the timing of any sale.
Citing people [...]
China’s Geely only one after Volvo?
September 1, 2009 by Alborz Fallah
Filed under Car News, Geely Automotive, Volvo
With Jaguar Land Rover sold to India’s Tata, Ford’s attempts to lean up even further and go solo are still in progress. However the sale of Volvo is proving to be a little more challenging than originally thought.
According to newspaper reports in Sweden, China’s Geely Automotive is currently the only company to have submitted a [...]
