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  1. uls's Avatar
    uls
    uls is offline Tsikot Member Rank 4
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    March 29th, 2010 01:09 PM #1
    China’s Geely to Buy Ford’s Volvo in Record Overseas Auto Deal
    http://www.bloomberg.com/apps/news?p...Gu40d7oY&pos=1
    March 29 (Bloomberg) -- Zhejiang Geely Holding Co. agreed to buy Volvo Cars from Ford Motor Co. for $1.8 billion in the biggest overseas acquisition by a Chinese automaker.

    The price includes a $200 million note and the remainder to be paid in cash, Ford Chief Financial Officer Lewis Booth said yesterday in Gothenburg, Sweden. Time spent on seeking regulatory approval in different jurisdictions means the companies now aim to complete the deal in the third quarter, Geely Chairman Li Shufu said. The carmakers had previously given a projection for second-quarter completion.
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  2. wowiesy
    wowiesy is offline Tsikot Member Rank 2
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    March 29th, 2010 01:46 PM #2
    kasunod nito.. reverse engineer Volvo.. then come up with Chinese brand... hmm... kung nagkataon...
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  3. daimengrui's Avatar
    daimengrui
    daimengrui is offline Tah Meng Roy
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    March 29th, 2010 06:16 PM #3
    Quote Originally Posted by wowiesy View Post
    kasunod nito.. reverse engineer Volvo.. then come up with Chinese brand... hmm... kung nagkataon...
    Why would they need to reverse engineer? They bought the technology along with the company.
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  4. rufoh's Avatar
    rufoh
    rufoh is offline Verified Tsikot Member
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    March 30th, 2010 12:56 AM #4
    honga naman kanila na yun e...

    saw this news yesterday at TFI...pakinig ko sa anchor Cherry...Geely pala..
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  5. veyron_27
    veyron_27 is offline Verified Tsikot Member
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    March 30th, 2010 01:37 AM #5
    Ang tindi talaga ng mga Chinese ngayon.
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  6. nickriingen
    nickriingen is offline Tsikoteer
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    March 30th, 2010 01:05 PM #6
    Chekwa na pag nagkataon image ng Volvo, wala ng prestige.
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  7. hein
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    March 31st, 2010 02:15 AM #7
    Quote Originally Posted by nickriingen View Post
    Chekwa na pag nagkataon image ng Volvo, wala ng prestige.
    Thats a racist term. You would'nt wanna hear what some people say about the Pinoys.
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  8. Gen. Miting
    Gen. Miting is offline BANNED BANNED BANNED
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    March 31st, 2010 02:48 AM #8
    the chinese should buy all those overpriced cars, copycat 'em and then sell lower
    Last edited by Gen. Miting; March 31st, 2010 at 02:51 AM.
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  9. chua_riwap's Avatar
    chua_riwap
    chua_riwap is offline Tsikot Member Rank 5
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    March 31st, 2010 03:43 AM #9
    They have no plans for Ferrari.......hard to pronounce.
    Last edited by chua_riwap; March 31st, 2010 at 03:47 AM.
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  10. frenchtower's Avatar
    frenchtower
    frenchtower is offline vivent secretement
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    April 1st, 2010 01:54 AM #10
    It's about time someone bought Volvo from Ford. Ford also tried to sell back Volvo passenger car division to it's parent company but it was rejected since it is now concentrating into heavy industry equipments and vehicles.

    Volvo is not a popular brand in the US and is not giving sales and profit to Ford. So good ridance.
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Ford sells Volvo to Geely