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BREAKING: Ford officially sells Volvo to Geely for $1.8b
Published on 2 Aug, 2010 at 22:26 in Ford Cars | | No Comments
Filed under: Etc., Ford, Volvo, Geely
2011 Volvo S60 – Click above for high-res image galleryAfter months of protracted negotiations, Ford has officially sold Volvo to Zhejiang Geely Holding Group Company Limited – aka Geely – for $1.8 billion.
The Chinese automaker originally included a $200 million note…
Volvo sale to Geely to close next week?
Published on 30 Jul, 2010 at 22:36 in Acura Cars | | No Comments
Filed under: China, Europe, Volvo, Earnings/Financials, Luxury
Volvo may finally part ways with Ford by the end of next week. The Detroit Free Press reports that the Blue Oval is aiming to close its $1.8 billion sale of the Swedish automaker to Geely in as little as 10…
EU reportedly clears Volvo’s sale to Geely
Published on 9 Jul, 2010 at 22:36 in Acura Cars | | No Comments
Filed under: China, Europe, Government/Legal, Ford, Volvo, Geely, Luxury
2011 Volvo V60 – Click above for high-res image galleryVolvo and Geely have taken another step toward holy matrimony. The European Union has officially approved the Chinese company’s takeover of the Swedish manufacturer. The EU…
EU clears Volvo’s sale to Geely
Published on 8 Jul, 2010 at 10:25 in Ford Cars | | No Comments
Filed under: China, Europe, Government/Legal, Ford, Volvo, Geely, Luxury
2011 Volvo V60 – Click above for high-res image galleryVolvo and Geely have taken another step toward holy matrimony. The European Union has officially approved the Chinese company’s takeover of the Swedish manufacturer. The EU…
Geely: Volvo talks have hit snag, still expect purchase to happen
Published on 15 Jun, 2010 at 22:36 in Acura Cars | | 1 Comment
Filed under: Ford, Volvo, Geely
Ford has been attempting to sell Volvo since 2008, and Zhejiang Geely Holding Group has been the lead bidder for almost as long. But for a multitude of reasons the deal just keeps getting drawn out. A recent report from Automotive News shows that the folks in China may be…
Geely: Volvo talks have hit snag, still expect purchase to happen
Published on 15 Jun, 2010 at 22:36 in Acura Cars | | No Comments
Filed under: Ford, Volvo, Geely
Ford has been attempting to sell Volvo since 2008, and Zhejiang Geely Holding Group has been the lead bidder for almost as long. But for a multitude of reasons the deal just keeps getting drawn out. A recent report from Automotive News shows that the folks in China may be…
Ford finalizes deal to sell Volvo to Geely for $1.8 billion
Published on 11 Jun, 2010 at 10:37 in Acura Cars | | No Comments
Filed under: Ford, Volvo, Geely
At press conference in Gothenburg, Sweden today, Ford executive vice president Lewis Booth and Geely chairman Li Shufu announced that the companies have reached a final deal to sell Volvo to the Chinese automaker. The final purchase price is…
British Research Firm Bullish on RP Vehicle Mart
Published on 22 Dec, 2008 at 16:26 in Philippine Auto News | | No Comments
PHILIPPINE auto sales may grow at a rate that is higher than what the local industry expects, according to a new study by the Business Monitor International Ltd.
The study also indicated that the relatively unserved market segments would boost growth prospects for 2009.
The London-based market research firm said sales could grow by 8 percent, to…
